Investment Accounting and Reporting
Virtual Training Seminar
11 CPE Credits Available
Presenters: Colleen Gingrich/Brian Neader
September 15-16, 2020
9:00am Eastern
(8:00am Central)
September 22-23, 2020
9:00am Mountain
(8:00am Pacific)
Day One
9:00am – 9:15am |
Welcome and Introduction |
9:15am – 10:00am |
Regulatory Framework for Invested Assets |
This Chapter provides an overview of the regulation of insurance companies’ invested assets. This Chapter provides a discussion of the regulatory framework for invested assets, the NAIC Model Investment Law, an overview of state investment regulations, and an overview of the accounting and reporting rules for invested assets pursuant to Purposes and Procedures Manual of the NAIC Investment Analysis Office (P&P Manual) and NAIC Accounting Practices and Procedures Manual. | |
10:00am – 11:30am |
Overview of the NAIC’s Capital Markets & Investment Analysis Office |
This Chapter provides an overview of the NAIC’s Capital Markets and Investment Analysis Office, its regulatory function, structure, and an overview of its processes impacting insurance companies invested assets including a discussion of NAIC designations and filing exemption requirements. This Chapter also discusses SVO filing terminology, the various forms and documents required for filing initial reports and annual updates with the SVO.
This Chapter also provides an overview of the P&P Manual including changes to the 2020 P&P Manual) and other investment issues currently under discussion by the NAIC Valuation of Securities Task Force. |
|
11:30am – 11:45am |
Break |
11:45pm – 12:30pm |
Accounting and Reporting for Cash, Cash Equivalents, and Short-Term Investments |
This Chapter discusses of the SSAPs that provide the basis of accounting, recognition and reporting of cash, cash equivalents, and short-term investments including CDARS. This Chapter provides instructions for completing Schedule D Part 1, Section 2, Schedules DA, and E.
The SSAPs discussed in this session include:
The Schedules covered in this session include:
|
|
12:30pm – 1:30pm |
Lunch |
1:30pm – 2:45pm |
Accounting and Reporting for Fixed Income and Equity Securities – Bonds, Preferred & Common Stocks |
This Chapter provides a discussion and analysis of the SSAPs that provide the basis of accounting, recognition and reporting of fixed income and equity securities. This Chapter also provides instructions for completing Schedule D Parts 1, 2, 3, 4, 5, and other related supplemental investment schedules pertaining to fixed income and equity investments.
The SSAPs discussed in this Chapter include:
The Schedules covered in this Chapter include:
| |
2:45pm – 3:00pm |
Break |
3:00pm – 4:00pm |
Accounting and Reporting for Investments in Subsidiary, Controlled and Affiliated (SCA) Entities |
This Chapter provides a discussion and analysis of the SSAPs that provide the basis of accounting, recognition and reporting of affiliated investments. This Chapter also provides instructions for completing Schedule D Part 6 Sections 1 and 2 and Schedule Y.
The SSAPs discussed in this Chapter include:
The Schedules covered in this Chapter include:
|
Day 2
9:00am – 9:45am |
Accounting and Reporting for Real Estate |
This Chapter provides a discussion and analysis of the SSAPs that provide the basis of accounting, recognition and reporting for real estate. This Chapter also provides instructions for completing Schedule A and other related supplemental investment schedules.
The SSAPs discussed in this Chapter include:
The Schedules covered in this Chapter include:
|
|
9:45am – 10:15am |
Accounting and Reporting for Mortgage Loans |
This Chapter provides a discussion and analysis of the SSAPs that provide basis of accounting, recognition and reporting of mortgage loans. This Chapter also provides instructions for completing Schedule B and other related supplemental investment schedules.
The SSAPs discussed in this Chapter include:
The Schedules covered in this Chapter include:
|
|
10:15am – 11:00am |
Accounting and Reporting for Other Long-Term Invested Assets |
This Chapter provides a discussion and analysis of the SSAPs that provide basis of accounting, recognition and reporting for other long-term invested assets including but not limited to joint ventures, partnerships, limited liability companies, surplus notes, and other miscellaneous long-term invested assets. This Chapter also provides instructions for completing Schedule BA and other related supplemental investment schedules.
The SSAPs discussed in this Chapter include:
The Schedules covered in this Chapter include:
|
|
11:00am – 11:15am |
Break |
11:15am – 11:45am |
Accounting and Reporting for Investment Income |
This Chapter will address the accounting and reporting requirements for investment income. This Chapter will cover the reporting requirements for the Exhibit of Investment Income, Exhibit of Capital Gains (Losses), Income Statement and Capital and Surplus Account.
The SSAPs discussed in this Chapter include:
The Exhibits covered in this Chapter include:
|
|
11:45am – 12:45pm |
Other Investment Reporting Requirements |
This Chapter provides instructions for completing of other schedules and pages of the annual statement blank related to invested assets. This Chapter also provides a cursory overview of any SSAPs that provide the basis of accounting and reporting for the various investment schedules.
The SSAPs discussed in this Chapter include:
The Schedules, Exhibits, and Other Required Filings covered in this Chapter include:
|
|
12:45pm – 1:00pm |
Final Questions and Answers |
Overview
Ch. No. | Course Name | Time |
---|---|---|
DAY 1 | ||
1 | Introduction | 9:00-9:15am |
2 | Regulatory Framework for Invested Assets | 9:15-10:00am |
3 | Overview of NAIC’s Capital Markets and Investment Analysis Office | 10:00-11:30am |
Break | 11:30-11:45am | |
4 | Accounting and Reporting for Investments in Cash, Cash Equivalents, and Short-Term Investments | 11:45am-12:30pm |
Lunch | 12:30-1:30pm | |
5 | Accounting and Reporting for Investments in Fixed Income and Equity Securities – Bonds, Preferred and Common Stock | 1:30-2:45pm |
Break | 2:45-3:00pm | |
6 | Accounting and Reporting for Investments in Subsidiary, Controlled and Affiliated (SCA) Entities | 3:00-4:00pm |
DAY 2 | ||
7 | Accounting and Reporting for Real Estate | 9:00-9:45am |
8 | Accounting and Reporting for Mortgage Loans | 9:45-10:15am |
9 | Accounting and Reporting for Other Long-Term Invested Assets | 10:15-11:00am |
Break | 11:00-11:15am | |
10 | Accounting and Reporting for Investment Income | 11:15-11:45am |
11 | Other Investment Reporting Requirements | 11:45am-12:45pm |
Final Q&A | 12:45-1:00pm |