Committees & Activities
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Accounting Practices and Procedures Task Force
Financial Condition (E) Committee

The mission of the Accounting Practices and Procedures (E) Task Force is to identify, investigate and develop solutions to accounting problems with the ultimate goal of guiding insurers in properly accounting for various aspects of their operations and to modify the Accounting Practices and Procedures manuals to reflect changes necessitated by task force action and to study innovative insurer accounting practices which affect the ability of regulators to determine the true financial condition of insurers.

The following Working Groups report to the Accounting Practices and Procedures Task Force. Please see the working group's pages for specific information and charges.

Finite Reinsurance

Oct. 21 Memo to Preparers of Statutory Financial Statements
SSAP No. 43—Loan-backed and Structured Securities - REVISED (SSAP No. 43R) (Effective Sept. 30, 2009)
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The following items are exposed for comment. Please submit comments to the appropriate NAIC staff support contact by the deadline indicated.
Alternative Language Proposal

The Financial Condition (E) Committee has exposed SSAP No. 10R--Income Taxes - Revised, A Temporary Replacement of SSAP No. 10 (SSAP No. 10R), which is an alternative language proposal to the version exposed September 24, 2009. This alternative language proposal intends to reflect the concepts adopted during the 2009 Fall National Meeting for the admittance of DTAs, but incorporates revisions to allow the operational application of the adopted concepts.

Comments on the exposed SSAP No. 10R alternative language proposal shall be submitted to the Financial Condition Committee by November 19, 2009. A Financial Condition (E) Committee conference call will occur on Tuesday, November 24, 2009 at 12:00 p.m. (noon) Central to discuss comments received and consider adoption. Comments submitted should be sent to the attention of Commissioner Gross, Chair of the Financial Condition (E), via the following NAIC staff: Robin Marcotte (rmarcott@naic.org) and Dan Daveline (ddavelin@naic.org).

 
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Meeting Minutes
Minutes for the four most recent NAIC National Meetings are available free for meeting attendees using the User ID and Password supplied by the NAIC Meetings Department. Members may access minutes via StateNet. Non-attendees and those requiring minutes from previous meetings, may purchase the Proceedings of the NAIC through the NAIC Store.

If you do not know your User ID or password, please contact the NAIC Help Desk.
Joint Conference Call Between the Statutory Accounting Principles (E) Working Group, Accounting Practices & Procedures (E) Task Force and Financial Condition (E) Committee
11/06/09
10:00 a.m. CT
Related NAIC Publications

Accounting Practices and Procedures Manual
Annual and Quarterly Statement Instructions

States' Prescribed Differences from NAIC Statutory Accounting Principles
Media queries should be directed to the NAIC Communications Division at 816-783-8909 or news@naic.org.
Robin Marcotte
Accounting and Reporting Manager
Phone: 816-783-8124
Fax: 816-460-7571
Dan Daveline
Assistant Director, Financial Regulatory Services
Phone: 816-783-8402
Fax: 816-460-7457
Please see the current Committee List for a complete list of committee members.