State Departments of Insurance require insurers to use which one of the following conservative accounting systems?...

State Departments of Insurance require insurers to use which one of the following conservative accounting systems?

Select one:

a. NAIC Accreditation

b. Financial Accounting Concepts

c. GAAP

d. Statutory Accounting Principles

Expert Solution

a)NAIC ACCREDITATION.

NAIC ACCREDITATION is the conservative accounting system used in state department of insurance.

jeff jeffy answered 2 years ago

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