Statutory Accounting Principles Working Group

Income from the annuities shall be recorded as miscellaneous income. The present value of the annuity and the related amortization schedule shall be obtained from the issuing life insurance company at the time the annuity is purchased. When the reporting entity is the owner and payee, no reduction shall be made to loss reserves. ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download