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Introduction to Health Statutory Accounting and Reporting Seminar
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November 16-18, 2011
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Tuition: $1,475 ....CPE Credits Available: 23
3-day seminar providing an in-depth understanding and working knowledge of statutory accounting and reporting practices specific to health organizations including:
Discussion of the regulatory environment in which health organizations operate
Discussion of insurance concepts including insurance regulation, statutory and GAAP accounting principle similarities and differences
Discussion of Statements of Statutory Accounting Principles (SSAPs) applicable to health organizations
A complete overview of all pages, exhibits and schedules in the Health Annual Statement
An overview of the Health Risk-Based Capital Formula and the Supplemental Health Care Exhibit
Utilizes case studies, examples, and exercises to enhance participants' skill
Participants are encouraged to bring copies of their prior year's annual statement and RBC report for discussion and clarifications of any reporting problems
New line categories in 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
Introduction to Insurance Regulation for Health Organizations
Framework of Statutory accounting and financial reporting
Accounting and reporting for premiums, claims, reserves, reinsurance
Accounting and reporting for invested assets
Overview of the NAIC Health Annual and Quarterly Statement
Overview of Health Risk-Based Capital
Individuals needing an understanding of statutory accounting and reporting principles and how they compare and differ with GAAP
Individuals needing a high level overview of the Health Annual and Quarterly Statements and the Health Risk-Based Capital formula
Accountants, Auditors, Actuaries, Financial Executives, Regulators and Others responsible for the all or part of the Statutory Accounting and Reporting
Class begins at 8:30 a.m. and ends at 4:00 p.m. on 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
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