Issues & Trends | September 2021

 

Insight

Insurance: Recent SAPWG activity

KPMG reports on accounting actions and discussions by SAPWG following the NAIC 2021 Summer meeting.

KPMG reports on actions and discussions by SAPWG about accounting topics after the NAIC 2021 Summer meeting. 

Applicability

  • All insurance companies

Key impacts

The Statutory Accounting Principles Working Group (SAPWG) discussed comments received on the proposed principle-based definition of bonds that would be eligible to be reported on Schedule D-1, and projected that the earliest effective date will be January 1, 2024.

Report contents

  • Meeting highlights
  • Accounting highlights

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