The GAAP guidance can be 1) adopted; 2) adopted with modification; or 3) rejected for statutory accounting. Information regarding the decision for GAAP guidance can be found in the various SSAPs (Statements of Statutory Accounting Principles) and collectively in Appendix D – GAAP Cross-Reference to SAP. Judge Courtney D. Jones agreed with the IRS that… Continue reading 4 2 Premium recognition and unearned premium liability