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NAIC Focus: Louisville Welcomes NAIC - Septemember 2014

NAIC Focus: Louisville Welcomes NAIC

The NAIC Summer National Meeting in Louisville has come and gone, and Connie is back from her travels with a full report on the proceedings.

NAIC Focus: Head Start for 2014 RBC - July 2014

As part of an insurer’s financial reporting requirement, Risk-Based Capital (RBC) comes in different varieties, with requirements for Life, Property/Casualty, Health, and Fraternal RBC formulas.

Like most other financial reporting, the RBC formulas are also subject to change every year.

NAIC Focus: Final Revisions to 2014 Statement Reporting Adopted - June 2014

Have you anxiously been awaiting the finalization of the 2014 statement reporting? Losing sleep with the excitement? Your wait is over!

On June 17, the Blanks Working Group held their annual conference call with the intent of finalizing the current year’s annual statement - and it looks like the goal was met.

NAIC Focus: A Recap of the March Meeting - April 2014

Many on the NAIC “circuit” were more than ready to leave the cold, snowy winter behind and head to Orlando for the first NAIC meeting of 2014.

While it wasn't easy to avoid the temptation of warm weather and sunshine, Connie persevered and now has a full report on the happenings in Orlando.

NAIC Focus: Embrace 2014 (Or not) - March 2014

Most of us are ready to put 2013 behind us and move forward. Well, we are probably ready to put 2013 behind us, but how many of us are ready to dive into 2014?

NAIC Focus: Your Personal 2013 Checklist - December 2013

Do you believe that another year-end is almost upon us? Time to start planning and making sure everything is in place. This issue of the NAIC Focus contains our annual list of items that have already been adopted and put into place.

NAIC Focus: Accounting Drama at NAIC Meeting - September 2013

Connie's daughter was looking over her shoulder as she typed the title to this issue of the NAIC Focus. "Accounting drama?" she asked. "Isn't that an oxymoron?" Obviously she is not an accountant and doesn't realize the exciting world in which Connie works! "I'll admit," Connie says, "most of the sessions I attended at NAIC Summer National Meeting were very routine; business as usual. The accounting meetings, however, proved most interesting." Want to know what happened? You'll find it in the meeting summary.

NAIC Focus: 2013 Annual Statement Almost finalized - June 2013

Connie was hoping to indicate in this NAIC Focus issue that the 2013 statement was finalized during the June 13 conference call of the Blanks Working Group—that is, as final as anything in statutory reporting is ever final! While she cannot make that statement, she is hopeful that the few unresolved items that exist will be decided by the end of June, which is the current goal.

As is sometimes the case, there were some unexpected discussions that occurred and some expected discussion that did not occur. In this issue, Connie reviews what happened during the call.

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Connie Jasper Woodroof

NAIC Liaison - Connie Jasper Woodroof

NAIC Liaison

Connie is a seasoned statutory accountant and educator who serves as the NAIC Liaison for StoneRiver. She regularly attends NAIC meetings to stay abreast of current and anticipated changes in regulatory reporting. Her long-range view and interpretation of the trends is invaluable to clients in applying new requirements, and preparing for anticipated changes.

Connie is active in IASA and is a frequent speaker at IASA Chapter meetings around the country, as well as the IASA's Annual Educational Conference and Business Show.

Prior to joining StoneRiver, Connie was the Financial Reporting Education Coordinator for the NAIC. She came to the NAIC with ten years of experience preparing annual statements in both the Life and P&C industries. Woodroof earned her bachelor's degree in accounting from Ball State University in Muncie, Indiana and holds the designation of FLMI, and a Masters Degree in General Psychology from the University of the Rockies, Colorado Springs, Colorado.