Statutory expenses derive from statutory accounting, a system of accounting used by the insurance industry in the United States. Most consider statutory accounting more conservative than accounting ...
Unrealized gains occur in the investment world when your investment gains in value but you don't cash it in. While you may not get to see the immediate profit from your investment, you do need to ...
The NAIC’s Statutory Accounting Principles (E) Working Group adopted three interpretations related to COVID-19 last week. The statutory accounting exceptions allows insurance reporting entities to ...
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