FASB Invites Comment on Bifurcating Insurance Contracts
May 26, 2006
FEI Summary
On May 26, 2006, the Financial Accounting Standards Board (FASB) released an Invitation to Comment (ITC) seeking views on the bifurcation of insurance and reinsurance contracts into insurance components and financing components for purposes of accounting and financial reporting. The comment deadline is August 24.
Related Links:
FASB ITC: “Bifurcation of Insurance and Reinsurance Contracts for Purposes of Financial Reporting”