Health Statutory Accounting Principles

This survey of Statement of Statutory Accounting Principles (SSAPs) will include key accounting concepts, significant interpretations, disclosure requirements, and other reporting considerations. A completed Annual Statement will be used to illustrate the application of these discussion points.

After completion of this seminar, you will be able to:

• Explain the history, structure, and maintenance of the AP&P Manual
• Describe the general accounting guidance found in foundational SSAPs and Preamble
• Identify the Statutory accounting rules for assets, including:
  • General guidance for fair values and impairments
  • Valuation of fixed income investments
  • Valuation of equity and real estate investments
  • Nonadmitted rules for premiums receivable and other assets
• Identify liability and surplus accounting guidance, including those for:
  • Reserves
  • Guaranty funds
  • Surplus notes
  • Other liability and surplus accounts
• Apply Statutory recognition rules to:
  • Premiums
  • Expenses
  • Reinsurance
  • Other policy contract and operational issues
• Recognize unique aspects of Federal income taxation of insurance companies and Statutory recognition of current and deferred income taxes

Who Should Attend: Anyone who wishes to become familiar with NAIC Statutory accounting principles

Prerequisites and Advance Preparation: An understanding of the health insurance business and its financial reporting is assumed. We recommend that those who need this knowledge to first attend our Overview of Statutory Financial Reporting seminar. A $600 discount is available, see Special Offers below. No advance preparation is required.

NASBA Publication/Revision Date: February 2021

Delivery and Program Level: Group-live, intermediate webinar

Estimated CPE Credit: 12 hours in Accounting

Important Information About CPE for Multi-Day Webinars: CPE will be awarded separately for each webinar day attended. Daily CPE will be either full credit if the attendee responds to 75% or more of the CPE certification questions during each session, or no CPE credit if the attendee responds to less than 75% of the CPE certification questions per session. The total CPE hours awarded for the multi-day webinar, as shown on the CPE certificate, will be an accumulation of CPE per day.

Printed Course Materials: Tuition includes digital course materials. If you wish to have printed course materials, there is an additional per person charge (includes shipping). Select the Printed course materials option below; you will receive an email requesting a shipping address. Please allow at least five business days after sending your shipping address to receive the materials.

Special Offers:

• Register for this webinar and receive a voucher code for $600 off another over 7 CPE hours (excludes 7-hour Update on Accounting and Reporting)
• Group discount of $300 per attendee for the third and subsequent attendees registering for this webinar
• Current software clients receive a $100 discount with voucher code
• Only one discount code may be used per purchase

About Webinars:

• Internet Explorer is not compatible with Adobe Connect. We recommend using MS Edge, Chrome, or Firefox to access the webinar.
• We request that each person attending a webinar be registered regardless of CPE needs.
• Mobile devices or tablets cannot be used if requesting CPE since the CPE tracking program will not work with these devices.
• Registration closes 2 hours before the webinar start time.
• Before the webinar, check your computer's compatibility with our platform