Property and Casualty Insurance (Portfolio 5210)
At a glance
I. Accounting Standards Overview
II. Premium Revenue
III. Claims and Loss Reserves
IV. Investments
V. Reinsurance Submitted
VII. US GAAP and Statutory Income Tax Accounting
VIII. Special Topics
Abstract
Bloomberg Tax Portfolio, Property and Casualty Insurance, No. 5210, (Accounting Policy and Practice Series), analyzes the accounting and reporting for property and casualty insurance companies in accordance with Statutory Accounting Principles. Statements of Statutory Accounting Principles are codified in the National Association of Insurance Commissioners Accounting Practices and Procedures Manual.
Property and casualty insurance companies may be required to also follow U.S. Generally Accepted Accounting Principles, International Financial Reporting Standards, and Securities and Exchange Commission financial reporting and disclosure requirements, depending on the needs of their users
This Portfolio will provide insight into the accounting and reporting of premium revenue, claims and loss reserves, investments, reinsurance, and capital and surplus in accordance with Statutory Accounting Principles.
This Portfolio may be cited as Bloomberg Tax Portfolio 5210, Stangroom, Property and Casualty Insurance (Accounting Policy and Practice Series).