Nov 30, 2018 | Insurance, Insurance Industry, Tax Cuts and Jobs Act
Modification of Discounting Rules for Insurance Companies IRS has issued proposed regs under Code Sec. 846, the Code section that provides discounting rules that are used for various calculations for insurance companies. The proposed regs would principally implement...
Feb 2, 2018 | Insurance, Insurance Industry, SOC Updates
The Death Master File (DMF) is an official Government dataset of deceased citizens. The dataset contains over 85 million death records from 1936 to present. The data is distributed by the Department of Commerce National Technical Information Service (NTIS). In...
Jan 17, 2018 | Insurance, Insurance Industry, Life Insurance
Statutory Accounting Principles Working Group (SAPWG) Ref No. SSAP No./Title/Description Comment Deadline: February 23, 2018 2018-01 SSAP No. 101 Federal Income Tax Reform Exposed revisions, via evote, to reflect the new Tax Cuts and Jobs Act. With this exposure, the...
Jan 8, 2018 | Insurance Industry, IRS information, Life Insurance, Tax Planning Tips, Tax Updates
Overview: Late December 19th, the House voted to approve the Tax Cuts and Jobs Act (“TCJA”), sending it to the President’s desk for signature. As a result, there are a number of provisions that will have a significant impact on the insurance industry and their...
Aug 4, 2017 | FASB Updates, Insurance Industry, Life Insurance
Life insurers are in for a major change to the way they calculate their liabilities. A unanimous FASB on August 2, 2017, confirmed that life insurance companies must update at least once a year their assumptions from mortality tables, morbidity rates, and customer...
Jul 28, 2017 | Insurance Industry, Life Insurance, Uncategorized
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