Accounting
Expense Allowance
Expense Allowance Elizabeth MacGowan – Trial – Walker v Life Insurance Company of the Southwest The Model Regulation specifies that the expense allowance shall be that for level premium, level death benefit endowment insurance at the maturity date. The rationale for choosing a “whole life” expense allowance of this sort was thought out carefully. It…
Read MoreFASB – Financial Accounting Standards Board
FASB – Financial Accounting Standards Board 2016 0929 – FASB- Draft – Proposed Accounting Standards Update – 172p Comments Due: December 15, 2016F inancial Services—Insurance (Topic 944) – Targeted Improvements to the Accounting for Long-Duration Contracts FASB – SFAS 97 – Accounting and Reporting by Insurance Enterprises for Certain Long-Duration Contracts and for Realized Gains…
Read MoreAICPA – American Institute of Certified Public Accountants
AICPA – American Institute of Certified Public Accountants 1.24 – Universal life and similar contracts are contracts with terms that are not fixed or guaranteed relative to premium amounts, expense assessments, or benefits accruing to the contract holder. 2000 0615 – AICPA – Audit and Accounting Guide: Life and health insurance entities American Institute of Certified…
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