Posted: 12/7/2010

Accounting for Short-Duration Contracts Should Not Change to Proposed IASB Method, NAMIC Asserts

Only pain and no gain, say comments from NAMIC to U.S. and international accounting authorities on proposed new guidance for presenting short-duration insurance contracts.

Accounting for Short-Duration Contracts Should Not Change to Proposed IASB Method, NAMIC Asserts

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