The reason behind, when an insurance entity may request permission from the domiciliary state regulatory authority to use a specific accounting practice in the preparation of its statutory financial statements, may include:
A.
the entity wishes to depart from Statutory Accounting Practices (SAP)
B.
the prescribes SAP address the accounting for transaction
Chosen Answer:
This is a voting comment (?). You can switch to a simple comment. It is better to Upvote an existing comment if you don't have anything to add.
Submit