currently in force considering appropriate persistency rates for long-duration contracts (see paragraph ), an asset shall be recognized at the time the liability is recorded. Currently Viewing: 405 Liabilities 30 Insurance-Related Assessments 25 Recognition General > Asset for Premium Tax Offsets and Policy Surcharges Currently Viewing: 405 Liabilities 30 Insurance-Related Assessments 25 Recognition General > Asset for Premium Tax Offsets and Policy Surcharges 25-10 An asset shall not be established for paid or accrued assessments that are recoverable through future premium rate structures. Currently Viewing: 405 Liabilities 30 Insurance-Related Assessments 25 Recognition General > Asset for Premium Tax Offsets and Policy Surcharges Currently Viewing: 405 Liabilities 30 Insurance-Related Assessments 25 Recognition General > Asset for Premium Tax Offsets and Policy Surcharges 25-11 Policy surcharges that are required as a pass-through to the state or other regulatory bodies shall be accounted for in a manner such that amounts collected or receivable are not recorded as revenues and amounts due or paid are not expensed (meaning, similar to accounting for sales tax). Currently Viewing: 405 Liabilities 30 Insurance-Related Assessments 25 Recognition General > Asset for Premium Tax Offsets and Policy Surcharges 405-30-30 Initial Measurement Estimating the Liability Currently Viewing: 405 Liabilities 30 Insurance-Related Assessments 30 Initial Measurement General > Estimating the Liability 30-1 Entities subject to assessments may be able to obtain information to assist in estimating the total guaranty-fund cost or the following years' assessments, as appropriate, for an insolvency from entities such as the state guaranty fund associations, the National Organization of Life and Health Insurance Guaranty Associations, and the National Conference of Insurance Guaranty Funds. Currently Viewing:
currently in force considering appropriate persistency rates for long-duration contracts (see paragraph ), an asset shall be recognized at the time the liability is recorded. Currently Viewing: 405 Liabilities 30 Insurance-Related Assessments 25 Recognition General > Asset for Premium Tax Offsets and Policy Surcharges Currently Viewing: 405 Liabilities 30 Insurance-Related Assessments 25 Recognition General > Asset for Premium Tax Offsets and Policy Surcharges 25-10 An asset shall not be established for paid or accrued assessments that are recoverable through future premium rate structures. Currently Viewing: 405 Liabilities 30 Insurance-Related Assessments 25 Recognition General > Asset for Premium Tax Offsets and Policy Surcharges Currently Viewing: 405 Liabilities 30 Insurance-Related Assessments 25 Recognition General > Asset for Premium Tax Offsets and Policy Surcharges 25-11 Policy surcharges that are required as a pass-through to the state or other regulatory bodies shall be accounted for in a manner such that amounts collected or receivable are not recorded as revenues and amounts due or paid are not expensed (meaning, similar to accounting for sales tax). Currently Viewing: 405 Liabilities 30 Insurance-Related Assessments 25 Recognition General > Asset for Premium Tax Offsets and Policy Surcharges 405-30-30 Initial Measurement Estimating the Liability Currently Viewing: 405 Liabilities 30 Insurance-Related Assessments 30 Initial Measurement General > Estimating the Liability 30-1 Entities subject to assessments may be able to obtain information to assist in estimating the total guaranty-fund cost or the following years' assessments, as appropriate, for an insolvency from entities such as the state guaranty fund associations, the National Organization of Life and Health Insurance Guaranty Associations, and the National Conference of Insurance Guaranty Funds. Currently Viewing: