A stock life insurance company writing both participating and nonparticipating business must follow special accounting procedures under the laws of certain jurisdictions. The purpose of these special accounting procedures is to provide for:

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Felix Maroto Roman · Accepted Answer

A separation of accounting, so that profits applicableto participating and nonparticipating business can be appropriately determined

Felix Maroto Roman · Answer

This is a critical process, since profits from participating business are regulated as to their distribution among participating policyholders and the company's stockholders

Felix Maroto Roman · Answer

Some jurisdictions require the filing of several of the statutory statement exhibits in three forms, one for the company as a whole

Felix Maroto Roman · Answer

Any of these

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