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…SSAP No. 48 – Joint Ventures, Partnerships and Limited Liability Companies, and yet do not meet the bond definition. Final Tidbits: If you thought the bond definition was a mouthful,…

…their insurance clients clearly qualify within the eventual bond definition refinement. The following revisions of note have been adopted: The newly adopted definition revises SSAP No. 26R—Bonds and SSAP No….

…in conjunction with our previous article (here) describing the SAPWG proposed definition of what comprises a bond for inclusion in Schedule D-1 – Long-Term Bonds in the statutory financial statement….

Background – SSAP 43R and SSAP No. 26R – Classification Issues: In current statutory accounting practice, there are two standards for bonds. SSAP 26R – Bonds typically calls for regular…

…well as updated their issue paper comments and information for the Bond Project on November 16, 2022. Bond Definition A large number of edits and suggestions have been proposed to…

…generally see no significant difference between a called bond and a tendered bond other than in a tender situation; the bondholder must accept the tender offer for it to be…

…include refined definitions of preferred stock categories to more closely mirror GAAP definitions for certain categories of preferred stock. It further modernizes definitions to better coincide to the evolution within…

The working group made minor nonsubstantive revisions to SSAP No. 26R Bonds during the NAIC Spring Meeting. The first change extended the current disclosures with respect to called bonds to…

…of SSAP JLK Rosenberger told to me – Changes to bond ETFs. SSAP No. 26R, Bonds, was revised to incorporate bond exchange traded funds. Effective December 31, 2017, each insurance…

…been faced with this scenario. Any entity (insurance, banks, etc.) currently holding long-term, fixed income bonds is stinging from the change in their bond portfolio market values due to the…

…retroactively adjust the prior periods presented when a change in ownership or degree of influence qualifies for equity method accounting. Changes to Bond ETF – SSAP No. 26R, Bonds, was…