Accounting guidance and actuarial methods for booking sometimes controversial finite insurance transactions will be a topic at next week's Vermont Captive Insurance Association seminar.
VCIA said registration is still open for the Dec. 7 meeting and reception at the Inn at Essex in Essex, Vt.. The "Risk Transfer in Property and Casualty Contracts" seminar is also available via audio-conference, the association said.
The VCIA Web site noted that the National Association of Insurance Commissioners (NAIC) and the Financial Accounting Standards Board (FASB) have projects underway to clarify the question of what constitutes the transfer of significant insurance risk for accounting purposes.
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