Basic Concepts of Accounting and Taxation 1991: Property/Casualty Insurance Companies (Paperback)
  • Basic Concepts of Accounting and Taxation 1991: Property/Casualty Insurance Companies (Paperback)
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Basic Concepts of Accounting and Taxation 1991: Property/Casualty Insurance Companies (Paperback)

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£22.95
Paperback 110 Pages / Published: 23/11/1992
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A concise but comprehensive introduction to the principles behind the statutory accounting system prescribed by state insurance regulations and used by insurance companies. Basic Concepts describes the flow of revenue and expenses in a property/casualty insurance company, analyzes the Annual Statement, examines liabilities (specifically, unearned premium, estimated loss, and loss expense reserves) and insurance company assets (stocks and bonds, real estate, mortgages, collateral loans), discusses security exchange organizations, and presents industry totals for a number of pages of the Annual Statement. The book demonstrates the fundamental fiduciary nature of the insurance business. Contents: Introduction; Elements of P/C Insurance Accounting; Liabilities and Surplus; Assets; Income Statements; Federal Taxation; Other Financial Reports.

Publisher: Insurance Information Institute
ISBN: 9780932387271
Number of pages: 110
Weight: 454 g
Dimensions: 229 x 152 x 25 mm
Edition: 1991st 1991 ed.

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