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elizabeth smith
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Decks in this class (22)
Odomirok 1-5
Purpose of financial reporting,
Financial reports help stakeholde...,
Insurers in the us are regulated by
24
cards
Odomirok 6-7
Annual statement,
1st page of annual statement,
Statutory balance sheet
51
cards
Feldblum Statutory Surplus
Feldblum presents two definitions...,
Reconcile the income statement de...,
Exhibit of non admitted assets
19
cards
Odomirok 8-9
Income statement contains,
There are 3 types of income,
Capital surplus account
33
cards
Odomirok 11
General interrogatories section o...,
Part 1 common interrogatories,
Part 2
17
cards
Odomirok 12
Five year historical data exhibit,
Written premium,
Written premium section can be used
7
cards
Odomirok 13
Schedules will help indicate,
Schedule a,
An insurer should not have huge h...
20
cards
IRIS
Iris tests are used,
Individual ratio should not be re...,
Ratio1 gwp phs
26
cards
RBC
Risk based capital system rbc,
Rbc formula,
Rbc model act for insurers
39
cards
RBC2
R4,
Reinsurance rbc,
Reserve rbc
36
cards
Measurement Tools
Each tool only provides one piece...,
Results of tool may indicate,
What tools do not
20
cards
Accounting Systems
Sap,
Gaap,
Liquidation vs going concern
10
cards
Assets
The balance sheet categorizes the...,
Admitted assets,
Bonds
21
cards
Income & Surplus
Income statement,
Net income,
Underwriting income
23
cards
Schedules & Exhibits
General interrogatories,
Finite insurance,
5 yr historical data exhibit
15
cards
Schedule F
Schedule f contains provides,
Main purpose of f,
If insurer believes that a higher...
24
cards
Schedule P
Schedule p provides,
Part1,
Dcc a o
30
cards
Notes to Financial Statements
Purpose of notes,
Notes requiring direct involvemen...,
Important to elaborate on reinsur...
34
cards
IEE
Info in as can be used to monitor...,
Iee,
Uses of iee
26
cards
SSAPs
Subsequent event,
Recognized,
For majority of contracts wp shou...
14
cards
SAP v GAAP
Objectives focus,
Assets,
Bonds valued
20
cards
IFRS and Solvency II
Definition of an insurance contra...,
Current requirement in the us for...,
3 pillars of solvency ii
11
cards
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exam 6
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