Life Statutory Reporting - Policyholder Revenue Recognition and Reporting

This course familiarizes you with Statutory revenue recognition and reporting in the Life and Accident and Health Annual Statement.

CPE Credits: 2 hours in Accounting

Level: Basic

Prerequisites/Advance Preparation: None

NASBA Publication/Revision Date: May 2020

Learning Objectives

• Identify and apply Statutory policyholder revenue recognition concepts to:
  • Short-duration contracts
  • Long-duration contracts
  • Contracts with account balances
• Identify and apply policyholder revenue reporting and disclosure requirements in the Life and Accident and Health Annual Statement

Outline

• Policyholder revenue recognition concepts
• Application of policyholder revenue recognition concepts to:
  • Short-duration contracts
  • Long-duration contracts
  • Contracts with account balances
• Special situations
• Financial reporting and disclosure
• Summary