Wednesday, October 12, 2005

 

NAIC Rushes to Save Mutuals from Proposed International Accounting Rule

A working group of the National Association of Insurance Commissioners is defending mutual insurers that may be in line to comply with a proposed international financial accounting rule regarding business combinations.

At issue is an exposure draft, dubbed "IFRS 3" and issued jointly by the International Accounting Standards Board and the U.S. Financial Accounting Standards Board.

NAIC Rushes to Save Mutuals from Proposed International Accounting Rule
Source: A.M. Best (subscription required)

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