State insurance regulators are wrestling with questions about whether the benefits insurance company employers have offered employees are promises or heartfelt wishes.
The Statutory Accounting Principles Working Group at the National Association of Insurance Commissioners (NAIC), Kansas City, Mo., is coming up against those questions as it drafts Statement of Statutory Accounting Principles (SSAP) Number 92.
A discussion draft to be considered at a working group conference call set to take place Wednesday is supposed to take effect Jan. 1, 2013. The SSAP would supersede SSAP No. 14 and nullify two related batches of guidance.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
