Fundamentals of P&C Insurance - Premiums

Submitted by Administrator on Mon, 12/19/2011 - 3:36pm

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Course Title: Fundamentals of P&C Insurance - Premiums

Description: The course defines key terms and concepts related to the premium cycle of a Property and Casualty insurer.

Topic: Accounting for the premiums of P&C Insurance Companies

Level: Basic

CPE Credits: 2.0 hours

Prerequisites: None

NASBA publication/revision date: November 2011

Learning Objectives:

Upon successful completion of Fundamentals of P&C Insurance - Losses, the learner should be able to:

  • Define premiums written, premiums earned, unearned premiums
  • Understand methods used to calculate unearned premiums
  • Understand calculation of premiums earned
  • Define variably priced insurance contracts and the related accounting
    • Audit policies
    • Retrospectively rated policies
  • Define earned but unbilled premiums (EBUB)
  • Define accrued retrospective premiums
  • Understand statutory nonadmitted asset rules for premiums receivable

Outline:

  • Premiums written
  • Premiums earned
  • Unearned premiums
  • Variably priced insurance contracts
    • Audit policies and EBUB
    • Retrospectively rated policies and accrued retrospective premiums
  • Premiums receivable nonadmitted asset rules

DateTimeCost
$200 (first attendee)
$180 (each additional attendee)		Registration is closed.
(Registration closes 2 hours prior to the starting time.)

Note: All times are US Eastern. What time is it now?.


System Requirements:
  • Windows 95 or Higher
  • Internet Explorer 5.0 or Higher
  • 800 x 600 or higher screen resolution
  • Macromedia Flash Player 5 or Higher
  • Acrobat Reader