Annual Statement

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What you will learn:

Participants will develop an understanding of the fundamentals of the P&C industry and statutory accounting concepts. Over the course of this three-and-a-half-day workshop, participants will acquire the knowledge and skills necessary to prepare the Annual Statement as we address virtually every page, exhibit and schedule. Class discussion will center on a completed P&C Annual Statement.

The Property and Casualty Annual Statement Handbook will be provided as the text for this course. Participants will also receive electronic access to the Handbook.

Seminar content:

• Industry overview
• Statutory accounting framework
• NAIC Annual Statement structure
• Accounting and reporting for premiums, losses and expenses
• Investment valuations, Schedule D and other investment schedules
• Reinsurance forms, uses, accounting and Schedule F
• Reserves and Schedule P
• Balance Sheet, Statement of Income, and Capital and Surplus Account
• Cash Flow statement
• Notes to Financial Statements
• Remaining pages in the Annual Statement and miscellaneous filings
• Highlights of changes in reporting requirements

Who Should Attend:

Individuals responsible for or interested in the preparation of the Annual Statement.

Prerequisites:

No advance preparation or prerequisite is required for this comprehensive introductory seminar.

Class Times:

Class begins at 8:30 a.m. and ends at 5:00 p.m. except on the last seminar day which adjourns at 12:15 p.m.

Estimated CPE Credit: 28.0 hours

Tuition: $2195

Note(s):

Companies that use TCP (our Annual Statement software package) and send staff to this seminar will receive the Handbook as a context-sensitive help file within TCP, at no additional cost.

Upcoming seminar dates and locations:

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