November 13-14, 2024, 12:00-4:00pm ET
Bundle and save $600! Choose between courses in investment accounting and reporting, financial analysis, tax accounting, or tax preparation - contact us for details!
Learn about P&C insurance and key accounting concepts used in the industry. You will also learn about industry lines of business and terminology, contents of the NAIC Annual Statement, and the accounting for premiums, losses, and expenses. This seminar will conclude with a review of the statutory balance sheet and income statement.
Who Should Attend: Those who need a better understanding of statutory P&C financial reporting or desiring an introduction to the unique financial characteristics of the P&C insurance business.
Prerequisites and Advance Preparation: None
Program Level: Overview
Field of Study: Accounting
NASBA Revision Date: February 2024
- Identify the characteristics of industry lines of business
- Distinguish between statutory and GAAP objectives
- Explain the structure of the P&C Annual Statement
- Identify key components of the statutory balance sheet and income statement
- Recognize premium, loss, and expense concepts
Sovos Compliance LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:<a