Statutory Accounting

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Statutory Accounting method of accounting standards and principles used by state regulatory authorities to measure the financial condition of regulated companies and other insurance enterprises. This method tends to be more conservative than the Generally Accepted Accounting Principles used by most businesses. Compliance with solvency and other standards is determined using financial documents prepared in accordance with Statutory Accounting Principles. What is Statutory Accounting , What does mean Statutory Accounting , Insurance Guide, Insurance Glossary

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