№ lp_2_3_39901
Interpretative accounting guidance issued by the Statutory Accounting Principles (E) Working Group addressing commutation, impairment, reporting, and admissibility of reinsurance recoverables arising from the 2023 liquidation of a U.S.-based life reinsurer.
Document Number: INT 23-04T
Working Group: Statutory Accounting Principles (E) Working Group
Dates Discussed: October 23, 2023; October 24, 2023; December 1, 2023
Subject: Scottish Re Life Reinsurance Liquidation Questions
References: SSAP No. 61R—Life, Deposit-Type and Accident and Health Reinsurance; SSAP No. 5R—Liabilities, Contingencies and Impairments of Assets
Topic: Accounting and Reporting for Reinsurance Recoverables in Liquidation
Industry Sector: U.S. Life Insurance and Reinsurance
Type of Document: Interpretation of Statutory Accounting Principles
Jurisdiction: United States
Effective Context: 2023 liquidation order effective September 30, 2023
Entity Concerned: Scottish Re (U.S.-based life reinsurer)
Price: 8 / 10 USD
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