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  • GAAP Refresher
    liability increases. I think it lapses on a long-term care policy. Some contracts, if you had a higher ... one thing to your net reserve. But in long-term care, putting in the higher lapses would not necessarily ...

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    • Authors: Michael J O'Connor, Rod Bubke
    • Date: Sep 2003
    • Competency: Technical Skills & Analytical Problem Solving
    • Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]