Schedule P Preparation
Acquire an understanding of the contents, uses and analytical value of Schedule P of the Annual Statement, and the techniques used in the preparation of each of its seven parts. This webinar is specifically targeted to those who will be preparing Schedule P, and to those who desire a comprehensive understanding of the relationships within Schedule P to facilitate review and to provide a basis for analysis. Examples and extensive case studies will be used.
After completion, you will be able to:
- Learn and apply the concepts of loss and loss adjustment expense accounting
- Define the Schedule P structure and explain its objectives
- Describe intercompany pooling and its special considerations in Schedule P
- Prepare and explain the objectives of:
- Part 1 - Premium, loss, and LAE information
- Parts 2 through 4 - Loss history
- Part 5 - Claim count statistics
- Part 6 - Premium development
- Explain the purpose of Part 7 - Loss-sensitive information
- Complete Quarterly Statement Part 3 - Loss and Loss Adjustment Expense Reserves Schedule
What Attendees Have Said:
"Jeff was a great instructor, I thought he explained everything thoroughly and had good examples." K.L. 11/13/2020
"Jeff did a nice job of presenting the material and also keeping the webinar interactive so as to keep everyone involved with the learning." M.R. 6/16/20
Who Should Attend: Anyone who will be involved in the preparation of Schedule P or desires a detailed base of knowledge for review and analysis.
Advance Preparation and Prerequisites: No advance preparation or prerequisite is required.
NASBA Publication/Revision Date: March 2021
Delivery Method and Program Level: This is a group internet-based basic level 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
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