About the Seminar
- What You Will Learn
- Seminar Content
- Who Should Attend?
- Class Information
- Terms & Conditions
|Early Bird Rate*||$1530|
*Early bird valid until June 21
1 & 2
2 & 3
1, 2 & 3
- Course 1: Introduction to Health Statutory Accounting & Reporting
- Course 2: Health Annual Statement Preparation
- Course 3: Risk-Based Capital Preparation
Multiple Registration Discounts
- 5% discount for 2-3 attendees and/or seminars
- 10% discount for 4 or more attendees and/or seminars
What You Will Learn
- Understanding of regulatory environment in which health organizations operate.
- Understanding of insurance concepts including insurance regulation, Statutory and GAAP Accounting Principle similarities and differences.
- Understanding of Statements of Statutory Accounting Principles (SSAPs) applicable to health organizations including but not limited to premium and reinsurance accounting, investment accounting, claims accounting, and other key accounting concepts.
- Understanding of the statutory accounting and reporting of ACA Fees and Risk-Sharing Programs.
- Overview of key Pages, Exhibits and Schedules in the Health Annual Statement.
- Case studies, examples, and other exercises used to enhance participants' skill.
- Participants are encouraged to bring copies of their prior year's annual statement and RBC report for discussion and clarifications of any reporting problems.
- Introduction to Insurance Regulation for Health Organizations.
- Framework of Statutory Accounting and Financial Reporting.
- Overview of the NAIC Health Annual and Quarterly Statements.
- Statutory Accounting and Reporting for Premiums, Claims, Reserves, Reinsurance.
- Statutory Accounting and Reporting for Invested Assets.
- Statutory Accounting and Reporting for ACA Fees and Risk-Sharing Programs.
- Statutory Accounting and Reporting for Revenue, Expenses, Capital and Surplus.
- Overview of Reporting for Supplemental Filings and Other Statement Pages.
- Overview of Health Risk-Based Capital.
Who Should Attend?
- Individuals needing an understanding of statutory accounting and reporting principles and how they compare and differ with GAAP.
- Individuals needing a high level overview of the Health Annual and Quarterly Statements and the Health Risk-Based Capital formula.
- Accountants, Auditors, Actuaries, Financial Executives, Regulators and Others responsible for the all or part of the Statutory Accounting and Reporting.
Class begins at 8:30 a.m. and ends at 4:30 p.m. on last day. Continental breakfast will be served each morning between 7:30 a.m. and 8:30 a.m. Morning and afternoon refreshments are provided. Lunch is the responsibility of the attendee. A welcome reception will be held after the first day's session.
- Field of Study
Specialized Knowledge and Applications
- Level of Difficulty: Basic
Introduction; No prerequisite or advance preparation is required
- Format of Course
Presentation with Training Guide ("Group-live")
W Minneapolis - The Foshay
821 Marquette Avenue
Minneapolis, MN 55402
About the Hotel
The W Minneapolis is located in downtown Minneapolis, within the historic Foshay Tower. Take in 360-degree panoramic views of the Twin Cities from the 30th floor observation deck of the Foshay Tower on the top floor of the hotel.
Please note accommodations and travel are not included in the registration fee. For your convenience, we have secured a block of discounted rooms at a rate of $179 per night. Rooms are reserved on a first come first served basis. To reserve your room at the discounted conference rate, contact Marriott reservations at (888) 627-9034 or (612) 215-3700 and reference Millennium Seminars and/or Introduction to Statutory Accounting and Reporting. Reservations must be made on or before July 30, 2019 to receive the discounted rate.
Terms & Conditions
- Confirmation Procedures
You will receive confirmation via email of your registration. Registration is not complete until your payment is received. Your confirmation will provide information regarding transportation, logistics and materials needed for the seminar(s) as well as an invoice for your tuition.
We understand that circumstances may arise that require you to cancel. You may send a replacement or apply your tuition to another MSS seminar within the following 12-months if you notify MSS fifteen (15) business days prior to the seminar date. As an alternative, you may request a refund, less a $200 administrative fee, up to ten (10) business days prior to the seminar date. If notification of cancellation is received less than ten (10) business days prior to the seminar date, you will be liable for the entire tuition amount. In fairness to all attendees, if you do not attend a seminar for which you are confirmed and do not contact MSS to cancel in advance, you will be liable for the entire tuition amount.
For more information regarding administrative policies such as complaint and refund, please contact our offices at 919.569.6762.
What's New for 2019
- Overview of new NAIC Group Capital Calculation proposal.
- Discussion of states inclusion of HMOs in Life and Health Insurance Guaranty Association Model Act.
- New accounting and reporting guidelines pursuant to SSAP No. 30R – Unaffiliated Common Stock including key revisions to definition of common stock including closed-end funds and unit-investment trusts.
- New goodwill disclosures pursuant to SSAP No. 68 – Business Combinations and Goodwill and SSAP No. 97 – Investments in Subsidiary, Controlled and Affiliated Entities.
- New accounting guidance pursuant SSAP Nos. 41R – Surplus Notes and 97 – Investments in Subsidiary, Controlled and Affiliated Entities regarding the double counting of surplus notes.
- New disclosure guidance pursuant SSAP No. 97 – Investments in Subsidiary, Controlled and Affiliated Entities to clarify accounting and disclosure for losses in SCA entities.
- Overview of revised Summary Investment Schedule.
- New accounting and reporting guidance pursuant to SSAP No. 43R - Loan-Backed and Structured Securities eliminating “modified filing exempt” process in determining NAIC designation for NAIC CRP-rated securities.
- New accounting and reporting guidance pursuant to SSAP No. 72 – Surplus and Quasi-Reorganizations regarding distributions to shareholders dividends and return of capital.
- New accounting and disclosure requirements pursuant to SSAP No. 30R – Unaffiliated Common Stock regarding pledged assets to a Federal Home Loan Bank.
- New accounting and disclosure requirements pursuant to SSAP No. 55 – Unpaid Claims, Losses and Loss Adjustment Expenses the reporting and accounting for interest on A&H claims.