NAIC.Annual
Reading': Official 2023 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); and 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 2022 Annual Statement and the study materials differ, candidates may base their answers on either.
Author: National Association of Insurance Commissioners (NAIC)
| BA Quick-Summary: Risk-Based Capital (RBC)
This is a statement blank for the annual statement. |
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.
There is no material here. The Travelers and Liberty Mutual examples of annual statements are better to look at. You can also look at your own company's annual statement. There is 1 easy BattleCard.
BattleTable
- this reading has not been tested on any exam from the year 2012 to Fall 2019 when the exams stopped being published.
reference part (a) part (b) part (c) part (d) no prior questions
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In Plain English!
Recall that SAP (Statutory Accounting Principles) are a set of accounting rules for insurance companies set forth by the National Association of Insurance Commissioners. They are used to prepare the statutory financial statements of insurance companies.
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