2020 Regulatory Update for Health Organizations
Virtual Training Seminar
6.5 CPE Credits Available
Presenters: Colleen Gingrich/Bruce Cromartie
September 29, 2020
9:00am Eastern
(8:00am Central)
September 30, 2020
9:00am Mountain
(8:00am Pacific)
Agenda
9:00am – 9:15am |
Welcome and Introductory Comments |
9:15am – 10:30am |
Update to 2020 NAIC Accounting Practices and Procedures Manual |
This session addresses the changes to the NAIC Accounting Practices and Procedures Manual (APPM) as of March 2021 specific to Health entities including new Statements of Statutory Accounting Principles, amendments to current SSAPs, and new Interpretations adopted since the release of the March 2020 APPM including but not limited to changes to:
This session also addresses various exposure documents currently released by Statutory Accounting Principles Working Group. |
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10:30am – 10:45am |
Break |
10:45am – 11:45pm |
2020 Health Annual Statement Update |
This session provides an overview of the 2020 Health Annual Statement formats and filing requirements including changes to both the instructions and the format of the 2020 Annual Statement. This Chapter will focus on key reporting issues for the 2020 Health Annual Statement including, but not limited to changes to:
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11:45pm – 12:15pm |
2020 Blanks Working Group Update |
This session provides an overview of the 2021 Health Quarterly Statement and an update on current activities under discussion by the Blanks Working Group, including changes adopted and proposed for the 2021 statutory statements (Quarterly and Annual) and other issues currently under discussion by the Blanks Working Group. | |
12:15pm – 1:15pm |
Lunch |
1:15pm – 2:00pm |
2020 Health Risk-Based Capital Update |
This session provides an overview of the 2020 Health Risk-Based Capital Formula and addresses changes to the 2020 Health RBC Formula including changes to the instructions and to the format of the Formula. This session also addresses other issues currently under discussion that may affect the 2021 Health RBC Formula. | |
2:00pm – 2:45pm |
2020 Investment Update |
This session addresses changes to the December 2019 NAIC Purposes and Procedures Manual of the NAIC Investment Analysis Office and other proposals that may be adopted for 2020 and 2021. | |
2:45pm – 3:00pm |
Break |
3:00pm – 3:45pm |
Financial Regulatory Issues Update |
This session addresses financial regulatory issues impacting health insurance companies that either have been adopted or are under discussion by the NAIC. This session will focus on activities having taken place at the 2020 NAIC Spring and Summer National Meetings with a preview of activities to take place at the NAIC 2020 Fall National Meeting. Issues discussed in this session include but not limited to the new Group Capital Calculation, Pharmacy Benefit Management (PBM) Model Act, updates on changes to the NAIC Financial Conditions Examiners and Analysis Handbooks and other related regulatory financial matters. | |
3:45pm – 4:00pm |
Final Questions and Answers |