Separate Accounts

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What you will learn:

Participants will develop an understanding of separate accounts, the range of products using them, and the interrelationships between the Green Book (the Annual Statement of the company’s separate accounts) and the Blue Book (the Annual Statement of the company). This seminar emphasizes statutory accounting and financial reporting for separate accounts. Practice issues will be illustrated with real-life examples.

Participants may find it helpful to have an understanding of the fundamentals of statutory accounting for the Blue Book (the Annual Statement of the company) as many of the concepts and interrelationships apply in a separate accounts annual statement (Green Book). We have conveniently scheduled this seminar to follow our Statutory Financial Reporting seminar.

Seminar content:

• The separate accounts concept, products and regulation
• Statutory accounting and financial reporting for separate accounts
• Separate accounts investments
• Policyholder reserves and liabilities
• The summaries of operations and surplus statements
• Complications from death and annuity benefits
• Complications from guarantees of principal and interest
• Blue Book and Green Book relationships
• Changes to NAIC blanks and instructions

Who Should Attend:

Anyone responsible for preparing statutory Annual Statements for separate accounts. Also, individuals desiring an understanding of the way separate accounts work and how to interpret separate accounts financial reports.

Prerequisites:

No advance preparation or prerequisite is required for this intermediate level seminar.

Class Times:

Class begins at 8:30 a.m. and ends at 5:00 p.m. on the first day and at 12:15 p.m. on the second day.

Estimated CPE Credit: 12.0 hours

Tuition: $1395

Note(s):

The combined tuition if both the Separate Accounts and the Statutory Financial Reporting seminars are taken together is $2,390, a $500 savings.

Upcoming seminar dates and locations:

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