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Introduction to Health Statutory Accounting and Reporting Seminar

2016 SEMINAR FEE

Standard Rate $1675
Early Bird Rate* $1508
Regulator Rate $838

*Early bird valid until June 17

What You Will Learn

  • Understanding of the regulatory environment in which health organizations operate.

  • Insurance Concepts including Insurance Regulation, Statutory and GAAP Accounting Principle similarities and differences.

  • Statements of Statutory Accounting Principles (SSAPs) applicable to health organizations.

  • Discussion of the Accounting and Reporting of ACA Fees and Risk-Sharing Programs (3Rs).

  • Overview of all Pages, Exhibits and Schedules in the Health Annual Statement.

  • Utilizes Case Studies, Examples, and Exercises 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.

What's New for 2016

  • Updated accounting and reporting guidance for ACA Risk Corridors Program pursuant to SSAP No. 107.

  • Updated accounting and reporting guidance regarding "contracts subject to redetermination" pursuant to SSAP No. 54.

  • New disclosure requirements for "Management's Evaluation of Going Concern" pursuant to SSAP No. 1.

  • Revised accounting and reporting guidance for filing amended financial statements for material accounting errors pursuant to SSAP No. 3.

  • Quarterly reporting of electronic-only investment data as NAIC Supplemental Filing.

  • Revised accounting and reporting guidance for U&I Part 2B — Analysis of Claim Unpaid.

  • Updated accounting and reporting guidance on 5*/6* Securities.

  • Revised reporting guidance for reporting "Exchange Traded Funds (ETF)" in investment schedules.

  • Revisions to NAIC Accounting Practices and Procedures Manual SSAP titles.

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Millennium Consulting Services | 919.569.6762 | info@mcs-nc.com