Insurance Insights

 INSIGHTS FOR INSURANCE COMPANIES

APRIL 15, 2015 

CONNECT
Director of Insurance
877.504.6294      

 

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Eide Bailly is a Top 25 CPA firm in the nation, serving 360 insurance companies. Eide Bailly is consistently ranked among the Top 10 in the United States by A.M. Best for the Amount of Statutory Premiums Audited.

Insurance Insights is published quarterly to keep our clients and business friends informed on current news.      

NAIC 2015 Spring National Meeting Recap

 

By: Kyle Orwick and James Menck

 

The spring NAIC meeting took place March 28-31 in Phoenix, Arizona, where many important items were discussed. Eide Bailly staff were at the meeting, monitoring key changes and updates affecting the insurance industry. Included in this issue of Insurance Insights are various updates and commentary on key meeting items, such as:
 

  • Adoption of numerous non-substantive revisions
  • Sale-leaseback transactions
  • Measurement method for non-rated surplus notes and surplus notes designated below NAIC 1
  • Short sale transactions
  • Valuation of SCAs and their related non-admitted assets

 

 
 

 

Kyle Orwick, CPA

Audit Manager - Insurance

612.253.6578
korwick@eidebailly.com

 

  

 

James Menck 

Senior Manager - Regulatory Insurance 

214.680.6998

jmenck@eidebailly.com 

 

This publication is produced and published by Eide Bailly and distributed with the understanding that the information contained does not constitute legal, accounting or other professional advice. It is not intended to be responsive to any individual situation or concerns as the contents of the publication are intended for general informational purposes only. Readers are urged not to act upon the information contained in this publication without first consulting competent legal, accounting or other professional advice regarding implications of a particular factual situation. Questions and information for publication can be submitted to your Eide Bailly representative. To request reprints of this publication, send a written request to RequestReprints@eidebailly.com.
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