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Life Health > Life Insurance

LOMA Reschedules Insurance Accounting Course

By Staff Writer

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NU Online News Service, Oct. 4, 10:25 a.m. – LOMA, Atlanta, and Deloite & Touche, New York, the giant accounting firm, have rescheduled a life insurance accounting course for Nov. 27-30.

The course, which will be given in Northbrook, Ill., was postponed from the original dates, Sept. 18-21, as a result of the Sept. 11 attacks.

The course will include information about the “codification,” the process the National Association of Insurance Commissioners, Kansas City, Mo., is using to bring consistency to insurance accounting practices in all 50 states.

The codification rules require insurers to report surplus and net income information in a standard NAIC format as well as in the format required by state regulators.

The course actually consists of a statutory accounting course, scheduled for Nov. 27-28, and a Generally Accepted Accounting Principles accounting course, scheduled for Nov. 29-30.

LOMA has posted more information on its Web site, at http://www.loma.org

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