Returning Users 6U

Deleted Readings

The following readings have been deleted from the Fall 2019 Syllabus. Do not reread these! Remove them from your binders and put them in the back of your closet!

Citation
Feldblum, S., “IRS Loss Reserve Discounting,” CAS Study Note, 2017, pp. 1-26.
Horn, D. and Brown, J., “Introduction to the National Flood Insurance Program (NFIP),” Congressional Research Service, September 12, 2017, pp. 1-25.

New Readings

The following readings have been added to the Fall 2019 Syllabus. Download these readings from the CAS website or order the Fall 2019 Study Kit. Add these readings to your study binder.

Citation	Abbreviation	Source
Dearie, J. P., editor, “2018 Excess and Surplus Lines Laws in the United States,” Locke Lord LLP, pp. ii-iv (stop at Calculation of Surplus Lines Taxes Under NRRA) and pp. 1.1-1.5 excluding the sections on: NAIC Approval, pp. 1.1-1.2; Industrial Insurance, pp. 1.3-1.4 and Ocean Marine and Transportation Insurance, p. 1.4	Dearie	study kit
Horn, D. and Webel, B., “Private Flood Insurance and the National Flood Insurance Program” July 31, 2018, Congressional Research Service R45242, pp. 1-19.	Horn & Webel	online
Vaughn, T., “The Economic Crisis and Lessons from (and for) U.S. Insurance Regulation,” Journal of Insurance Regulation, Fall 2009, pp. 3-16.	Vaughn	online

Modified Readings 1

The following readings are updated versions of previous readings. Modifications are detailed on the wiki pages for each of these readings. Pay particular attention since formulas or definitions may change and new material may be added. And don’t waste time studying something that has been excluded for this session.

Citation	Abbreviation	Source
National Association of Insurance Commissioners, “NAIC Insurance Regulatory Information System (IRIS) Ratios Manual,” 2018, Section II, Property/Casualty Ratios, pp. 5-26.	NAIC IRIS	online

Modified Readings 2

The following readings are updated versions of previous readings with no material change to the content. Thank goodness!

Citation	Abbreviation	Source
2018 Insurance Expense Exhibit.	2018 IEE	book
Committee on Property and Liability Financial Reporting, American Academy of Actuaries, “A Public Policy Practice Note, Statements of Actuarial Opinion on Property & Casualty Loss Reserves, 2018.” Exclude Appendix I.1.3 NAIC Title SAO Instructions and Appendix IV. SSAPs. Note that SSAP 5R, 9, 53, 55, 62R, and 65 found in Appendix IV are readings for Learning Objectives C1 and E1 for this exam.	COPLFR P&C Practice Note	online
National Association of Insurance Commissioners, Accounting Practices and Procedures Manual, 2018, Statement of Statutory Accounting Principles 5R, “Liabilities, Contingencies and Impairment of Assets,” paragraphs 1-12, 26-29, and 33-34. This material is available in Appendix IV of the COPLFR P&C Practice Note.	NAIC SSAP 5R	online
National Association of Insurance Commissioners, Accounting Practices and Procedures Manual, 2018, Statement of Statutory Accounting Principles 9, “Subsequent Events,” paragraphs 1-8. This material is available in Appendix IV of the COPLFR P&C Practice Note.	NAIC SSAP 9	online
National Association of Insurance Commissioners, Accounting Practices and Procedures Manual, 2018, Statement of Statutory Accounting Principles 53, “Property Casualty Contracts—Premiums,” paragraphs 1-18. This material is available in Appendix IV of the COPLFR P&C Practice Note.	NAIC SSAP 53	online
National Association of Insurance Commissioners, Accounting Practices and Procedures Manual, 2018, Statement of Statutory Accounting Principles 55, “Unpaid Claims, Losses and Loss Adjustment Expenses,” paragraphs 1-6 and 10-17. This material is available in Appendix IV of the COPLFR P&C Practice Note.	NAIC SSAP 55	online
National Association of Insurance Commissioners, Accounting Practices and Procedures Manual, 2018, Statement of Statutory Accounting Principles 62R, “Property and Casualty Reinsurance,” paragraphs 1-90. This material is available in Appendix IV of the COPLFR P&C Practice Note.	NAIC SSAP 62R	online
National Association of Insurance Commissioners, Accounting Practices and Procedures Manual, 2018, Statement of Statutory Accounting Principles 65, “Property and Casualty Contracts,” paragraphs 1-46. This material is available in Appendix IV of COPLFR P&C Practice Note.	NAIC SSAP 65	online
National Association of Insurance Commissioners, Official 2018 NAIC Annual Statement Blanks, Property and Casualty, (both individual and consolidated basis), pp. 2-13, Notes to the Financial Statement p. 14 (refer to the Odomirok paper for the Notes to cover); Schedules D (pp. SI03 through SI09), F (pp. 20-29), H (pp. 30-32), and P (pp. 33-93). Candidates will be expected to have knowledge of other sections of the annual statement that are discussed in other Syllabus readings. Candidates are not responsible for page numbers. [The “Notes to the Financial Statement” are cited for reference only. Candidates are responsible for the Notes as described in the Odomirok reading where the Notes are referenced by title. If the 2018 Annual Statement and the study materials differ, candidates may base their answers on either.]	NAIC Annual Statement	book

Modified Readings 3

The following readings are updated versions of previous readings. Graham is currently reviewing these updated versions and will advise if there are material changes or not. In the meantime, set these readings aside until further notification.

Citation	Abbreviation	Source
National Association of Insurance Commissioners, Accounting Practices and Procedures Manual, 2018, Preamble.	NAIC APPM Preamble	study kit
National Association of Insurance Commissioners Official Annual Statement Examples: The following companies post their annual statements online. Candidates may use these (or their own company’s statements) as illustrations to better understand the annual statement but are not responsible for any company specific data: (1) Travelers and (2) the Liberty Mutual Group.	NAIC Annual Statement Examples	online