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elizabeth smith
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Decks in this class (22)
Odomirok 1-5
Purpose of financial reporting 1,
Financial reports help stakeholde...,
Insurers in the us are regulated ...
24
cards
Odomirok 6-7
Annual statement 1,
1st page of annual statement 2,
Why do regulators focus on the st...
51
cards
Feldblum Statutory Surplus
Feldblum presents two definitions...,
In order to reconcile the income ...,
Exhibit of non admitted assets 3
19
cards
Odomirok 8-9
Income statement contains 1,
There are 3 types of income 2,
Capital surplus account 3
33
cards
Odomirok 11
General interrogatories section o...,
Part 1 common interrogatories 2,
Part 2 3
17
cards
Odomirok 12
Five year historical data exhibit 1,
Written premium section shows 2,
Written premium section can be us...
7
cards
Odomirok 13
Schedules will help indicate 1,
Schedule a 2,
An insurer should not have huge h...
20
cards
IRIS
Iris tests are used 1,
Individual ratio should not be re...,
Ratio1 gwp phs 3
26
cards
RBC
Risk based capital system rbc 1,
Rbc formula 2,
Rbc model act for insurers 3
39
cards
RBC2
R4 risk and generated from 1,
Reinsurance rbc for r4 2,
Reserve rbc designed to measure a...
36
cards
Measurement Tools
Each tool only provides one piece...,
Results of tool may indicate 2,
What tools do not 3
20
cards
Accounting Systems
Sap 1,
Gaap 2,
Liquidation vs going concern 3
10
cards
Assets
The balance sheet categorizes the...,
Admitted assets 2,
Bonds 3
21
cards
Income & Surplus
Income statement 3 types of income 1,
Net income 2,
Underwriting income 3
23
cards
Schedules & Exhibits
General interrogatories purpose 1,
Finite insurance 2,
5 yr historical data exhibit sect...
15
cards
Schedule F
Schedule f contains provides 1,
Main purpose of f 2,
If insurer believes that a higher...
24
cards
Schedule P
Schedule p provides helps 1,
Part1 2,
Dcc a o 3
30
cards
Notes to Financial Statements
Purpose of notes 1,
Notes requiring direct involvemen...,
Important to elaborate on reinsur...
34
cards
IEE
Info in as can be used to monitor...,
Iee 2,
Uses of iee 3
26
cards
SSAPs
Subsequent event 1,
Recognized non recognized 2,
For majority of contracts wp shou...
14
cards
SAP v GAAP
Objectives focus 1,
Assets 2,
Bonds valued 3
20
cards
IFRS and Solvency II
Definition of an insurance contra...,
Current requirement in the us for...,
3 pillars of solvency ii 3
11
cards
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exam 6
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