Reinsurance Accounting: Schedule F

This paper describes the structure and purposes of the eight parts of Schedule F. It also describes the relationship of the Schedule to other statutory statements. To illustrate the procedures for completing various parts of the Schedule it provides numerical examples. Detailed numerical examples are provided for Completion of restated Balance Sheet - Part 8, Calculating the statutory penalty for Recoverables form unauthorized reinsurers - Part 5, Overdue receivables - Part 6, and Recoverables from “slow-paying” authorized reinsurers - Part 7. KEY WORDS: Accounting, Appointed Actuary, Financial Reporting, Statutory Insurance Company Financial Condition - Financial Strength, Pools and Associations - Voluntary, Mandatory Reinsurance, Surplus, Taxes.