Applicability
- All insurance companies
Key impacts
The Statutory Accounting Principles Working Group adopted the following guidance:
- Revisions to SSAP Nos. 43R and 48 to clarify the scope and reporting of residual interests and residual security tranches. Revisions are effective December 31, 2023.
- Revisions to INT 23-02 to provide guidance on how insurers assess the effects corporate alternative minimum tax (CAMT) and provide disclosures for the third quarter 2023. INT 23-02 will automatically nullify on November 16, 2023.
- INT 23-03 to provide guidance on assessing the effects of CAMT for periods on or after the 2023 year-end.
Report contents
- Meeting highlights
- Accounting highlights
- KPMG Financial Reporting View
- Acknowledgments
Related content
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