FASB changes rules on funded covers. (Financial Accounting Standards Board) (Late Breaking News): An article from: National Underwriter Property & Casualty-Risk & Benefits Management |  | Author: L.H. Otis
Publisher: The National Underwriter Company
Category: Book
Buy New: $5.95
as of 9/5/2010 01:41 CDT details
Seller: Amazon.com
Sales Rank: 8,671,763
Format: HTML
Media: Digital
Pages: 2
ASIN: B0008VBBT0
Publication Date: July 26, 1993
Availability: Available for download now
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Product Description
This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on July 26, 1993. The length of the article is 515 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: The Financial Accounting Standards Board (FASB) has changed its rules on retrospective-rated contracts (RRC) and now requires ceding insurers to book all catastrophic losses in the year in which they occur. Insurers previously were permitted to spread losses over several years and prevent large RRC premium increases. The FASB rule for RRCs will not apply to other traditional reinsurance contracts.
Citation Details
Title: FASB changes rules on funded covers. (Financial Accounting Standards Board) (Late Breaking News)
Author: L.H. Otis
Publication: National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: July 26, 1993
Publisher: The National Underwriter Company
Issue: n30 Page: p1(2)
Distributed by Thomson Gale
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