Risk Transfer in Reinsurance Contracts

Paragraphs 40 through 43 of FAS No. 5 addressed the conditions upon which a (re)insurance company should accrue losses on assumed (re)insurance. Paragraph 44 of FAS No. 5 provided early guidance on indemnification, risk transfer and deposit accounting for situations where an insurance or reinsurance contract, despite its form, does not transfer ... ................
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