CPA & Business Advisory Blog

Insurance Industry Update: ITB 10-55 – NAIC Approves the Extension of SSAP 10R Through 2011

The NAIC has approved an extension of SSAP 10R through 2011.  Additional disclosures will be required for 2010 and 2011 to the extent tax planning strategies are utilized to admit deferred tax assets (DTAs).  The NAIC's Blanks Working Group also released a sample tax footnote.  NAIC staff is working on revisions to SSAP 10R that will include consideration of the US GAAP guidance on uncertain tax positions. 

If you have any questions about SSAP 10R, please post a comment below or contact our Finance and Insurance Industry Group at 440-449-6800.

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