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quote Risk-Based Capital Prep more Regulatory Update for Health Organizations more Annual Statement Preparation more Annual Statement Preparation more Introduction to Health Statutory Accounting and Reporting more Claims Accounting and Reporting Supplemental Health Care more Investment Accounting and Reporting more Risk-Based Capital Preparation Seminar Information  

Investment Accounting and Reporting Workshop

June 20-21, 2011
Scottsdale, AZ

Hotel Information: W Scottsdale Hotel (888)627-8347; $119/night

Tuition: $1,100 ....CPE Credits Available: 16

What You Will Learn

  • 2-day workshop providing an understanding and working knowledge of statutory accounting and reporting requirements for invested assets

  • An understanding and working knowledge of the NAIC Securities Valuation Office and the SVO Purposes and Procedures Manual

  • The types of filings required by the SVO, including discussion on filing exemption rules

  • How to prepare and file all pages, exhibits and schedules for invested assets in the Life, Health, and P&C Statutory Statement

  • How invested assets impact the Risk-Based Capital Formula

  • Changes to the 2010 SVO Purposes and Procedures Manual and an update on 2011 and 2012 investment accounting and reporting requirements

  • Utilizes case studies, examples, and exercises to enhance participants' skills

  • Participants are encouraged to bring copies of their prior year's annual statement and RBC report for discussion and clarifications of any reporting problems

What's New for 2011

  • Filing exempt language for residential and commercial mortgage-backed securities (RMBS and CMBS)

  • New filing exempt rules for Certificates of Deposit and CDARS classified as bonds NAIC Designations for Modeled and Non-Modeled Loan-Backed and Structured Securities

  • New sub-categories used for mortgage-backed and asset-backed securities in Schedules D, DA and E

  • New definitions of "All Other Governments" securities for reporting bonds that are fully guaranteed by non-U.S. governments

  • Proposed modification to NAIC Designation Column for Bonds with three new suffixes (AM, FM and SM) for loan-backed and structured securities

Seminar Content

  • How to Comply with SVO filing procedures

  • Discussion and Use of the SVO Purposes and Procedures Manual

  • Discussion of statutory accounting for invested assets

  • Preparation of Schedule A through Schedule D of the Annual Statement

  • Preparation of all other Investment Schedules and Investment Supplements of the Annual Statement

  • Illustrative case studies

  • Review proposed changes to the SVO Purposes and Procedures Manual and investment schedules for 2011 and 2012

Who should attend?

  • Individuals responsible for filing securities with the SVO

  • Individuals responsible for preparing, reviewing, and analyzing statutory investment schedules

  • Individuals responsible for preparing annual and quarterly statutory filings

  • Investment bankers, regulators and others responsible for the investment function of the company

Class Information

Class begins at 8:30 a.m. and ends at 5:00 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. No prerequisite or advance preparation is required.

Format of Course: Presentation with Training Guide ("Group-live").


CPE logo

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