Regulation and Financial Reporting in P&C

Catalog description

Provides an overview of insurance regulation with regard to property and casualty coverages, ratemaking, pricing and solvency, and U.S. tort law as it affects the property and casualty business. Further identifies major U.S. insurance programs administered by government agencies and insurance industry organizations such as: automobile plans; crop insurance; flood insurance; government backstops; guaranty funds,; residential markets (auto, workers comp, property); workers compensation (including interaction with Medicare). While addressing financial reporting, solvency and taxation issues, students evaluate the financial health of an insurance entity by completing specific schedules and exhibits.