Insurers frequently utilize statutory trusts, often with a federally chartered bank serving as trustee, to acquire and hold residential mortgage loans. Under the pre-amendment framework, SSAP No. 37 ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Amy is an ACA and the CEO and founder of OnPoint Learning, a financial training ...

Trust beneficiaries often request a corporate trustee to prepare a statutory accounting. The Texas Trust Code in Section 113.151 provides that a beneficiary may request a written statement of accounts ...

The NAIC’s Statutory Accounting Principles (E) Working Group adopted three interpretations related to COVID-19 last week. The statutory accounting exceptions allows insurance reporting entities to ...

As tort litigation and natural disaster costs increased in the United States, beginning in the early 1990s, reinsurance became more popular as a method of mitigating risks faced by insurance companies ...