NAIC.Annual
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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