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2011 Health Annual Statement Preparation Seminar
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September 19-22, 2011
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November 28-December 1, 2011
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Tuition: $1,690 .... CPE Credits Available: 32
4-day seminar provides understanding and working knowledge necessary to prepare and file 2011 Health Annual and 2012 Health Quarterly Statements
How to prepare all pages, exhibits, schedules and supplemental exhibits including the Health RBC Formula and Supplemental Health Care Exhibit
Provides an overview of all changes to the 2011 Health Annual and the 2012 Health Quarterly Statements
Provides an overview of the Statement of Statutory Accounting Principles necessary to complete the various pages of the 2011 Health Annual Statement
Utilizes case studies, examples, and exercises to enhance participants' skills
Those needing an introductory course on statutory accounting and reporting should consider the Introduction to Statutory Accounting and Reporting Seminar prior to attending this seminar
Participants are encouraged to bring copies of their 2010 Health Annual Statement and RBC report for discussion and clarifications of any reporting problems
New instructions to Line 24 of the Asset Page regarding receivables for securities not received within 15 days of settlement date
Added line categories to Schedule S to group separately U.S. and Non-U.S. insurers along with other changes to Schedule S - Reinsurance
New sub-categories used for mortgage-backed and asset-backed securities for Schedules D, DA and E
New reporting requirements for "All Other Governments" to include bonds that are fully guaranteed by non-U.S. governments
Added a new code "B" to the Foreign Code matrix
Update on changes to the Supplemental Health Care Exhibit
Seminar Content
Overview of key statutory accounting principles applicable to completing the Health Annual Statement
Overview of 2011 Annual and 2012 Quarterly Statements
Accounting and Reporting for Assets, Admitted Assets, Liabilities, Premiums, Claims, Reinsurance
Accounting and reporting for invested assets including Schedules A, B, BA, D, DA, DL and E
Completion of Balance Sheet, Statement of Revenue and Expenses, Capital and Surplus, Cash Flow
Completion of other Exhibits, Schedules, Notes to Financial Statement and General Interrogatories
Completion of all Supplemental Exhibits including the Health Organizations Risk-Based Capital Formula and Supplemental Health Care Exhibit
Individuals responsible for the preparation and individuals providing supporting data for the preparation of the Health Annual and Quarterly Statements
Individuals responsible for the review and final sign-off of the Health Annual and Quarterly Statements
Accountants, Auditors, Actuaries, Financial Executives, Regulators and Others responsible for the all or part of the preparation, review or auditing of the Health Blank
Class begins at 8:30 a.m. each day and concludes at 5:00 p.m. on the last day.
Continental breakfast will be served before each morning session and morning and afternoon refreshments are provided each day. Lunch is the responsibility of the attendee. A welcome reception will be held after the first day's session.
Field of Study: Specialized Knowledge and Applications
Level of Difficulty: Basic. Introduction; No prerequisite or advance preparation is required, but the Introduction to Health Statutory Accounting and Reporting Seminar is recommended
Format of Course: Presentation with Training Guide, ("Group-live")
Millennium Consulting Services, 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org