This is a group internet-based training event. If you wish to earn CPE credit, NASBA requires an individual registration and internet connection for each participant.
Objective
This course assists the beginning statutory accountant in recognizing accounting differences between GAAP accounting and Statutory accounting for all insurer types. Participants will have a better understanding of why the differences are deemed necessary by regulators. In addition, specific statutory terminology is explained.
Agenda
- Regulation of Insurers
- What Is Statutory Accounting?
- Valuation of Assets
- Reporting of Liabilities
- Accounting for Income and Expenses
- The Effects of Reinsurance on Accounting and Reporting
Intended Audience
Personnel responsible for filing statutory statements and associated reports. No advanced preparation is required. A basic understanding of statutory accounting and reporting is helpful, but not required. Advance Preparation: None.
Estimated CPE Credit
7.5 credit hours