Finanse publiczne · 29.09.1994

Computation of Equity Base

This document contains final regulations relating to the determination of the equity base for purposes of computing the differential earnings amount and recomputed differential earnings amount, which are used in determining the deduction for policyholder dividends of a mutual life insurance company. The final regulations provide that the equity base includes the amount of any asset valuation reserve and the amount of any interest maintenance reserve reported on the annual statement prescribed by the National Association of Insurance Commissioners (NAIC) for filing with the insurance regulatory authorities of a state. The regulations affect life insurance companies.