2020 Life and A&H/Fraternal Benefit Society and Property & Casualty Regulatory Update
Virtual Training Seminar
6.5 CPE Credits Available
Presenters: Colleen Gingrich/Bruce Cromartie
October 6, 2020
9:00am Eastern
(8:00am Central)
October 8, 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 Life and A&H/Fraternal Benefit Society (Life) and Property & Casualty (P&C) Insurance Companies. The topics will include a discussion of 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 Life and P&C Annual Statements Update |
This session provides an overview of the 2020 Life and P&C Annual Statements 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 Life and P&C Annual Statements 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 Life and P&C Quarterly Statements 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 2019 Life and P&C Risk-Based Capital Formulas and addresses changes to the 2019 Life and P&C RBC Formulas including changes to the instructions and to the format of the Formulas. This session also addresses other issues currently under discussion that may affect the 2021 Life and P&C RBC Formulas. | |
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 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, Group Solvency, Market Conduct Annual Statement, and 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 |