U.S. Insurers ask FASB to Reconsider Contract Models
GNAIE wants separate models for short-duration non-life and long-duration life contracts.
INN Breaking News, September 7, 2011
North American insurers called on the Financial Accounting Standards Board (FASB) to consider two separate models for insurance contracts: one for short-duration non-life contracts and another for long-duration life contracts. The request relates to insurers’ investor concerns over proposed modifications to those accounting standards.
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