Description: This is a series of 4 articles designed to address fundamental concepts such as GAAP rules and their application to some of the major accident and health lines of business offered by insurers. The first article begins with a review of the structure/hierarchy of generally accepted accounting principles GAAP. From Society of Actuaries Financial Reporting Monograph, M-AS99-1.

Description: This session from the 1992 Valuation Actuary Symposium covers recoverability and loss recognition including using cash flow testing to determine loss recognition or recoverability, actuarial standard of practice 14, and valuation work by line of business or issue-year groups.