GAAP - Generally Accepted Accounting Principles

  • First, let me remind you of the brief history of GAAP for life insurance companies.
  • You will recall that the first exposure draft of the American Institute of Certified Public Accountants (AICPA) appeared in December, 1970.

-- John H. Biggs

1976 - TRENDS IN GAAP AND STATUTORY FINANCIAL STATEMENTS, Society of Actuaries - 14p

  • 2003 - SOA - GAAP for Nontraditional Long-Duration Contracts - 23p
  • US GAAP for Life Insurers, Second Edition  - R. Thomas Herget, Editor. 2006. 675 pages.

ATTACHMENT TWO-A
Financial Standards Subcommittee
Accounting Manual Draft
Generally Accepted Accounting Principles (GAAP) - (p20)

1988-2, NAIC Proceedings