NAIC.SSAP-9 - Revision history

Graham at 15:32, 27 January 2026

2026-01-27T15:32:51Z

Graham at 21:48, 27 November 2025

2025-11-27T21:48:54Z

Graham at 01:46, 17 November 2025

2025-11-17T01:46:40Z

Graham: /* In Plain English! */

2025-11-07T00:42:39Z

‎In Plain English!

Graham at 18:09, 25 July 2024

2024-07-25T18:09:59Z

Graham at 19:48, 25 June 2024

2024-06-25T19:48:40Z

Graham at 19:48, 25 June 2024

2024-06-25T19:48:12Z

Graham at 10:54, 25 June 2024

2024-06-25T10:54:34Z

Graham at 21:18, 11 December 2023

2023-12-11T21:18:05Z

Graham at 18:37, 11 June 2023

2023-06-11T18:37:05Z

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 |}
-: <span style="color: red;">'''<sup>1</sup>'''</span> I believe the answer to part (c.i) in the examiner's report is partially incorrect. Part (c.i) is a Type 2 subsequent event, not Type 1. See ''[https://www.battleacts6us.ca/vanillaforum6us/discussion/206/exam-problem-2018-fall-10#latest this forum thread]'' for further discussion. <span style="color: green;">''(thx a123!)''</span>
+: <span style="color: red;">'''<sup>1</sup>'''</span> I believe the answer to part (c.i) in the examiner's report is partially incorrect. Part (c.i) is a Type 2 subsequent event, not Type 1. See ''[https://battleacts.discourse.group/t/exam-problem-2018-fall-10/2595 this forum thread]'' for further discussion. <span style="color: green;">''(thx a123!)''</span>
 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=NAIC&suffix=SSAP-9&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>

@@ Line 3: / Line 3: @@
 '''Author''': National Association of Insurance Commissioners, Accounting Practices and Procedures Manual
-[https://www.battleacts6us.ca/vanillaforum6us/categories/naic-ssap-9<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
+[https://battleacts.discourse.group/c/candidates-6u/naic-ssap-9/216<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
 <span style="display: inline-block; background-color: blue; color: white; font-weight: bold; text-align: center; line-height: 50px; width: 50px; height: 50px; border-radius: 50%;">VIDEO</span> &rarr;

← Older revision		Revision as of 01:46, 17 November 2025
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	[https://www.battleacts6us.ca/vanillaforum6us/categories/naic-ssap-9<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]		[https://www.battleacts6us.ca/vanillaforum6us/categories/naic-ssap-9<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
		+
		+	<span style="display: inline-block; background-color: blue; color: white; font-weight: bold; text-align: center; line-height: 50px; width: 50px; height: 50px; border-radius: 50%;">VIDEO</span> →
		+	[https://battleacts8.ca/6u/video/440_Subsequent_Events_(v01).mp4 <span style="color: black; font-size: 12px; background-color: aqua; border: solid; border-width: 2px; border-radius: 10px; border-color: aqua; padding: 5px 10px 5px 10px; margin-top: 100px;">'''(7:15) → Subsequent Events - General Overview'''</span>]
		+	([[Videos \|Click here for all currently available videos.]])

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 These are '''subsequent events''' because they occurred <u>after</u> the balance sheet date but <u>before</u> issuance and audit of the financial reports. The ''insolvency'' is a '''Type I''' subsequent event and the ''ice-storm'' is a '''Type II''' subsequent event. The definitions are as follows:
-: '''Type I''': ''(Recognized Subsequent Event)'' provides additional evidence with respect to conditions that <u>existed</u> at the balance sheet date
+: '''Type I''': ''(Recognized Subsequent Event)'' an event that provides additional evidence of <u>conditions that existed</u> at the balance sheet date
-: '''Type II''': ''(Nonrecognized Subsequent Event)'' provides evidence with respect to conditions that <u>did not exist</u> at the date of the balance sheet
+: '''Type II''': ''(Nonrecognized Subsequent Event)'' an event where the <u>underlying conditions did not exist</u> at the balance sheet date
 Alice wasn't surprised about the reinsurer insolvency. She knew that particular reinsurer's surplus had been deteriorating over the past year. That's why it's a Type I event. The insolvency simply provided further evidence of the weak surplus that existed at the balance sheet date. This '''must be recognized''' in the financial statements. For Alice, this may mean increasing the provision for reinsurance in Schedule F.

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 '''Reading''':  Statement of Statutory Accounting Principles 9, “'''Subsequent Events''',” paragraphs 1-8.
-'''Author''': National Association of Insurance Commissioners, Accounting Practices and Procedures Manual, 2022
+'''Author''': National Association of Insurance Commissioners, Accounting Practices and Procedures Manual
 [https://www.battleacts6us.ca/vanillaforum6us/categories/naic-ssap-9<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
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 ==Study Tips==
-The CAS syllabus citation for this article is confusing. The syllabus says this is a new reading, however, it actually isn't. The year of publication for the manual changes each year but the content generally does not. We will let you know if there is a major change.
+The year of publication for the manual changes each year but the content generally does not. We will let you know if there is a major change.
 There was an exam question from way back in 2014. Memorize the definition of subsequent events, do the exam problem, and you're done. ''(30 minutes max on this reading)''

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 || '''BA Quick-Summary''': <span style="color: green;>'''Accounting Principles - Reinsurance'''</span>
 * SSAP-9 is about '''subsequent events''' - things that happen after you've started your analysis so you might have to go back and change what you've done. :-(
-* In particular, SSAP-9 defines '''subsequent events''' and sets criteria for their recognition and disclosure in financial statements, covering both Type I (recognized) and Type II (nonrecognized) events.
+* In particular, SSAP-9 '''defines''' subsequent events and sets criteria for their recognition and disclosure in financial statements, covering both Type I (recognized) and Type II (nonrecognized) events.
 * '''Type I events''' must be <u>reflected</u> in the financial statements, while '''Type II events''' require <u>disclosure</u> of their nature and financial impact.
 |}

← Older revision		Revision as of 21:18, 11 December 2023
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−	\|-
−	~~\|\| <span style="color: green;">'''Updates for 2023-Fall are COMPLETE:''' <span style="color: black;">No material changes.</span></span>~~
−	\|}
−
	SSAP-9 is about '''subsequent events''' - things that happen after you've started your analysis so you might have to go back and change what you've done. :-(		SSAP-9 is about '''subsequent events''' - things that happen after you've started your analysis so you might have to go back and change what you've done. :-(

← Older revision		Revision as of 18:37, 11 June 2023
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		+	{\| class='wikitable' style='background-color: navajowhite;'
		+	\|-
		+	\|\| <span style="color: green;">'''Updates for 2023-Fall are COMPLETE:''' <span style="color: black;">No material changes.</span></span>
		+	\|}
		+
	SSAP-9 is about '''subsequent events''' - things that happen after you've started your analysis so you might have to go back and change what you've done. :-(		SSAP-9 is about '''subsequent events''' - things that happen after you've started your analysis so you might have to go back and change what you've done. :-(