Talk:Statutory accounting principles

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US GAAP edit

Latest comment: 11 years ago2 comments2 people in discussion

How do the statutory accounting principles relate to US GAAP – are these similar? Or is there a difference in statutory reserves and US GAAP liabilities for insurers? --WWWURL (talk) 11:16, 13 March 2013 (UTC)Reply

There are a number of differences, for example in the treatment of acquisition costs which (I think) can be deferred and amortized in GAAP but must be immediately expensed in the statutory accounts. This would be helpful information for the article, but is something that probably should be addressed by someone with an insurance accounting background.Oblivy (talk) 13:44, 13 March 2013 (UTC)Reply

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