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  • New Products Accounting Alternatives
    relative levels of risks and functions performed. The primary performance and risk elements in a UL contract ... premium over the net premium) should be recognized in direct relation to premium revenues. In the absence of ...

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    • Authors: Edward F Bader, Shane A Chalke, Rex D Hemme, Linda L Wein
    • Date: Jun 1985
    • Competency: External Forces & Industry Knowledge>External forces and business performance; Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Publication Name: Record of the Society of Actuaries
    • Topics: Annuities>Individual annuities; Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Financial Reporting & Accounting>Statutory accounting; Life Insurance>Universal life
  • GAAP for Universal Life
    of the reserve. We have to implement a lot more care on this particular product. We need to make sure ... needs to be separate from GAAP—separate from the direct—which is not something we had done previously ...

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    • Authors: Edward Jarrett
    • Date: Jan 2005
    • Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Life Insurance>Universal life