United States

FASB Decides How to Update Liability Assumptions for Certain Long-Duration Contracts

Jul 29, 2015
From the Financial Reporting View

This edition of Issues & Trends in Insurance reports that the FASB recently decided how assumptions used in determining the liability for future policy benefits for traditional long-duration insurance contracts and limited-payment contracts would be updated, including how updated assumptions would be recorded.

Read FASB Decides How to Update Liability Assumptions for Certain Long-Duration Contracts