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Finite Re Rules In Flux

A Connecticut regulator said he believes that the National Association of Insurance Commissioners will not be able reach a consensus on more specific accounting ...

By Steve Tuckey | Updated on March 04, 2005

A Connecticut regulator said he believes that the National Association of Insurance Commissioners will not be able reach a consensus on more specific accounting standards for finite reinsurance transactions.

Instead, some form of “best practices” could serve as detailed guidance for reinsurance accounting in the near term while policymakers hash out more final solutions, according to John Purple.

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