Assets (20.10)

February 12, 2019 0 By c.boersma

Why is this important to know?

Describe the elements and prepare the schedules of the Canadian Annual Return

You should note there are only a couple sections here where there is more detail required to learn: unpaid claims (ceded) & deferred policy acquisition expense (DPAE).

Top Tier

  • Cash and Cash Equivalents
  • Investment Income due and accrued
  • Assets held for sale

Investments

  • Short Term Investments
  • Bonds and Debentures
  • Mortgage Loans
  • Preferred Shares
  • Common Shares
  • Investment Properties
  • Other Loans and Invested Assets

= Total Investments (lines 04 to 10)

Receivables

  • Unaffiliated Agents and Brokers
  • Policyholders
  • Installment Premiums (offset with unearned premium)
  • Other Insurers
  • Facility Association and the “P.R.R.”
  • Subsidiaries, Associates & Joint Ventures
  • Other Receivables

Recoverable from Reinsurers:

Other Misc Assets

  • Other Recoverables on Unpaid Claims
  • > Interests in Subsidiaries, Associates & Joint Ventures
  • Property and Equipment
  • Deferred Policy Acquisition Expenses
  • Current Tax Assets
  • > Deferred Tax Assets
  • > Goodwill
  • > Intangible Assets
  • > Defined Benefit Pension Plan
  • Other Assets

All the above items pointed to with ‘>’ are deductions from capital available (30.62) for MCT calculation purposes.

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