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AGENDA
CFE Home > Insurance > LSAR > AGENDA

DAY ONE

Registration and continental breakfast open at 8:00 a.m.

Program begins at 8:30 a.m.

Introduction and overview

•

 

Definitions and industry summary

- Risk factors

- Product overview

•

Regulatory concepts

•

 

Statutory vs. GAAP Accounting

- Major differences

- Illustrations of specific financial impacts

Refreshment break

Introduction to Statutory Filings

• Major items
•

Filing dates
•

Data included
•

Information value and uses
•

Audited financial statements

Lunch

Asset Accounting

• Non-admitted assets
• Asset support schedules
• Illustrations of the impact on the balance sheet of basic premium and loss transactions

•

 

Investment income accounting

- Accounting for investment income

- Rules for gains and losses

• Accounting for investment expenses

  

Refreshment break

Capital

• Capital account

•

 

Capital structure of companies

- Statutory adjustments

- Surplus notes

• Policyholders' surplus
• Changes in capital

Day One concludes at approximately 5:00 p.m.

DAY TWO

Continental breakfast opens at 8:00 a.m.

Program begins at 8:30 a.m.

Statutory Liabilities

• Description/Definition
• Flows from the P&L

Refreshment break

Accounting for Premiums

• Formulas
• Earned vs. unearned

Lunch

Accounting for Losses

• Loss cycles
• Incurred loss formulas
•

Loss reserves

Refreshment break

Reinsurance

• Definitions
• Functions and uses
• Impact upon financial statements
• Schedule S

Cash Flow Overview

Day Two concludes at approximately 5:00 p.m.
   
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