风险与保险原理课件_ch08 金融保险方面的业务(英文版)(25页).pdf
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Financial Aspects of Insurer Operations
In addition to the investment function,
other financial aspects of insurer operations
include Insurance Company Accounting Reinsurance
TaxationStatutory Accounting
In general, financial statements of insurance companies
are similar to those of other firms, but state regulations
require modifications of the traditional accounting
practices in insurance accounting. The set of accounting
procedures used by insurance companies is referred to
as statutory accounting, because it is required by the
statutes of the various states.
1.NAIC Annual Statement Blank2.Differences between
Statutory Accounting and
GAAP admitted and non-admitted assets valuation
of assets (stocks, bonds) matching of revenues and
expensesTerminology
Policyholders’ Surplus excess of assets over
liabilities for capital stock insurers, capital
and surplus for mutual insurers,
surplus Reserves synonymous with liability in
insurance company accounting
NAIC Codification Project
1.Statutory accounting system came under criticism
by public accountants in 1993. 2.In 1993, the AICPA
announced it would not issue