by lakemen » Sat Jul 08, 2006 11:25 am
Statutory Accounting Principles / SAP
A set of accounting rules made standard for the insurance companies to prepare the statutory financial statements. This may vary from one state to the other. SAP guarantees that companies will have sufficient amount of money to meet any obligations related to insurance.
A set of accounting rules made standard for the insurance companies to prepare the statutory financial statements. This may vary from one state to the other. SAP guarantees that companies will have sufficient amount of money to meet any obligations related to insurance.
Add your comment