GAAP & Statutory Reporting Issues Faced by Captive Insurance Companies

Posted on Tuesday, February 21, 2012 by

Captive insurance companies are often owned by a large sophisticated financial entity, because there are minimum net worth and other regulatory requirements.  In many cases, the regulatory authority will accept a letter of credit in lieu of an actual cash investment for the initial capital requirements of the captive.  This results in “GAAP exception” financial […]

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