Interest Maintenance Reserve and Asset Valuation Reserve

Submitted by Administrator on Fri, 01/06/2012 - 9:57am

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Course Title: Interest Maintenance Reserve and Asset Valuation Reserve

Description: This course describes the purpose, impact and computation of the Interest Maintenance Reserve (IMR) and Asset Valuation Reserve (AVR), two accounting elements unique to statutory financial statements of life and health insurance companies

Topic: Statutory Accounting

Level: Basic

CPE Credits: 2.5

Prerequisites: None

NASBA publication/revision date: March 2012

Learning Objectives:

Upon successful completion of Interest Maintenance Reserve and Asset Valuation Reserve, the learner should be able to:
  • Define and explain the purpose and operation of the IMR and AVR
  • Understand and explain the impact of the IMR and AVR on the statutory financial statements
  • Understand and prepare, review or interpret the IMR and AVR workpapers in the Annual Statement

Outline:

  • Getting Started
  • Course Review
  • Introduction to IMR and AVR
  • Overview of the IMR
  • Overview of the AVR
  • Distinguishing Between IMR and AVR Capital Gains
  • Tax-Effecting Capital Gains (Losses)
  • Relationships to the Exhibit of Capital Gains (Losses) and Page 4
  • Separate Accounts IMR and AVR
  • Other IMR Details
  • Other AVR Details
  • The IMR and AVR in Asset Adequacy Testing
  • Relationships Between the AVR and Risk-Based Capital (RBC)
DateTimeCost
March 20, 20122:00PM$240 (first attendee)
$220 (each additional attendee)

(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