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To:Statutory Accounting Principles Working Group, Interested Regulators and Interested PartiesFrom: NAIL Staff Re:Survey: Policyholder Loyalty Programs / No (or reduced) Cost Extended Reporting ProgramsDate:July
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Statutory accounting principles working is a set of accounting rules and standards that insurance companies must adhere to when preparing their financial statements.
Insurance companies are required to file statutory accounting principles working.
Statutory accounting principles working can be filled out by following the guidelines provided by the National Association of Insurance Commissioners (NAIC).
The purpose of statutory accounting principles working is to ensure uniformity and transparency in the financial reporting of insurance companies.
Information such as assets, liabilities, income, expenses, and other financial data must be reported on statutory accounting principles working.
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