Any other works related to preparation of Accounts of the Company as per statutory accounting
procedures of the Companies Act and requirements of CAG and as directed hv Manaoinn Director.
Generally, statutory accounting
processes may be decentralized, with the responsibility being primarily with local management.
As the vice president of international finance, Hanson is responsible for leading Barry-Wehmiller's international trade financing team; oversight of international treasury management, management of all foreign exchange transactions; and oversight of European statutory accounting
But this gain is more than offset by a loss in the surplus (therefore risk-based capital) because of mark-to-market of the portfolio, pursuant to the statutory accounting
treatment of the re-remic transaction.
5 SAP Basis represents statutory accounting
principles as codified by the National Association of Insurance Commissioners (NAIC) Selected financial data of Erie Insurance Exchange:
The STATs are prepared in accordance with National Association of Insurance Commissioners (NAIC) statutory accounting
Its clear and concise description of GAAP versus statutory accounting
is one of its primary strengths.
CHICAGO -- Northern Trust has enhanced its reporting services for insurance companies, combining statutory accounting
and investment information to accumulate, analyze and sort data into specialized formats required by regulators and rating agencies.
It is also anticipated that the transaction is to result in a statutory accounting
gain of about USD365m and to reduce the company's capital requirement by USD1bn.
has a generally conservative bias, so that the financial condition of insurers as reflected in their annual statements serves as a paradigm for the evaluation of a financial institution as a virtually "unsinkable ship.
Allowing the use of these ac counts for statutory purposes will therefore allow companies utilizing IAS for statutory accounting
purposes at the subsidiary level to adjust these IAS accounts to determine the tax accounts.
Under statutory accounting
rules, the interest expense on the surplus note is not incurred until approved by the New York Insurance Department.