Good news on 'mark-to-market' rule? (Securities and Exchange Commission; accounting)

National Underwriter Life & Health-Financial Services Edition, January, 1994 by Crosson, Cynthia

A report by Salomon Brothers says that the life insurance industry may benefit from recent comments on the financial consequences of Financial Accounting Statement (FAS) 115 by the Securities Exchange Commission (SEC). FAS 115 affects the mark-to-market accounting treatment of universal life insurance products and some annuity contracts. The SEC, in a report on unrealized gains or losses on securities generated by FAS 115, said that the rule should reduce the volatility of stockholders' equity.

Recent comments by the Securities and Exchange Commission. on accounting for unrealized securities gains or losses generated by the new "mark-to-market" rule, also known as FAS 115, could be good news for life insurers, according to a Salomon Brothers report.

The good...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.