Life Overview of Statutory Financial Reporting - November 11-13, 2024

November 11-13, 2024, 1:00-5:00pm ET

**This class is part of a Featured Class Discount - website price reflects 20% off!  Offer not valid in combination with other discounts or bundles.**

 

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This course introduces the NAIC Annual Statement and key Statutory accounting concepts applicable to the life insurance industry.  Course materials specifically explore the financial data interrelationships between the Statutory balance sheet, operating statements, cash flow statements and various exhibits.  The class will center on a comprehensive textbook and a completed life/fraternal insurance company annual statement (Blue Book) in PDF format.

 

Who Should Attend: Those who need a better understanding or those who would like a refresher on Statutory life financial reporting and accounting or desire an introduction to the life insurance business's unique financial characteristics.

Prerequisites and Advance Preparation: None

Program Level: Basic

Field of Study:  Accounting

Course Objectives
  • Identify the fundamentals of the life insurance industry
  • Explain typical products sold by life insurers
  • Identify the elements of the framework of statutory accounting principles and concepts
  • Identify the structure of the NAIC Annual Statement
  • Identify key components of the statutory financial statements and supporting information
  • Identify the cash flow statement and cash flow workpapers
  • Distinguish between the reinsurance methods utilized by life insurance companies and the type of reinsurers
Seminar Information
Start Time:
November 11, 2024 1:00 PM Eastern
12:00 PM Central, 11:00 AM Mountain, 10:00 AM Pacific
Add to Calendar:
Estimated Length:
2 days, 4 hours
Registration Time Remaining:
6 days, 4 hours
Registration Fee:
$1,428.00
Life Overview of Statutory Financial Reporting - November 11-13, 2024
Individual topic purchase: Selected
NASBA
CPE: 12.00
For more information click onto the NASBA and State CPE Information tab below.
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