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BACK TO HOMEPAGE
FACULTY
DAY
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DAY
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DAY
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DAY
4
APPLICATION
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ROBERT W. STRAIN
Publishing and Seminars Incorporated
since 1984
P.O.
Box 1520, Athens Texas 75751-1520
(903) 677-5974 from 9 to 3
E-mail: strainrw@aol.com
Website: www.strainpublishinginc.com
DAY ONE: TUESDAY April 20,
2010
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SPECIAL BONUS MEETING FOR
BEGINNING REINSURANCE ACCOUNTING - OPTIONAL
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10:00 to 10:50
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A. REINSURANCE ACCOUNTING 101 (For maximum results,
read
Chapter R14 thoroughly.)
Kevin B. Oates, Jr., M.B.A.,
ARe, AIAF, President, Kevin Oates Consulting
& Education, 201 Ontario
Ave., Egg Harbor Township, New Jersey 08234
Dual
accounting systems
Reinsurance
accounts and differences (premiums, commissions, loss
indemnities, loss
expenses)
Calculations
and examples
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10:50 to 11:10
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Coffee
Break
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11:10 to 12:00
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B. THE BASICS OF REINSURANCE
ACCOUNTING (concluded)
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12:00
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Luncheon
Faculty designated tables
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12:55 to 1:50
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1. PROPERTY PRO RATA CLAUSES: QUOTA SHARE, SURPLUS
SHARE
(For maximum results, read Chapters R2 &
RCW3&4.)
John
Dietz, Assistant Vice President, Towers Perrin Reinsurance, Centre
Square East, 1500 Market Street,
Philadelphia PA 19102
Before you sign
the "binder"
Most important
clauses: business covered, authorization of other
insurance, limits of cover, definition of net and gross
insurance liability,
common account, reports and remittances
Sample
treaties: quota share, surplus share
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2:00 to 2:50
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2. PROPERTY PER RISK CLAUSES
(For maximum results, read Chapters R3 & RCW6.)
Bina
Dagar, President, Ameya Consulting LLC, 35 Cedar Parkway
North, Livingston NJ 07039
Most important clauses: reinsuring, definition of
risk, limit and retention,
ultimate net
loss, reinstatement, rating
Sample treaty
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2:50 to 3:10
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Soda
Break
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3:10 to 4:00
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3 REINSURANCE ACCOUNTING (For maximum results, read
Chapter R14.)
Kevin B. Oates, Jr., M.B.A.,
ARe, AIAF
Accrual issues,
mirror accounting, multi-year contracts
NAIC Chapter
22: requirements and definitions (risk transfer, 9-month
rule, retrospective reinsurance, LAE definition)
Premium and
claim reserving
Recoverables
for cedents and reinsurers: Schedule F and
the Ninety-Day Rule
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4:10 to 5:00
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4. PANEL OF THE DAYS SPEAKERSwith Guest Panelist Jean
F. Webb IV,
CPCU, (retired Senior Vice President, Prudential Reinsurance
Company),
651 Clinton Avenue, Haddonfield, New Jersey 08033
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5:00 to 6:00
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Free time each day for rest and recreation
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6:00 to 6:45
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Social Hour
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6:45
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Dinner (choice of
three entrees) Faculty designated tables
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