The reason behind, when an insurance entity may request permission from the domiciliary state regulatory authority to use a specific accounting practice in the preparation of its statutory financial statements, may include:

Question

Simone Perego · Accepted Answer

the entity wishes to depart from Statutory Accounting Practices (SAP)

Simone Perego · Answer

the prescribes SAP address the accounting for transaction

Simone Perego · Answer

Both A & B

Simone Perego · Answer

Neither A nor B

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Question 472 - CTFA discussion

Suggested answer: A

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