What Are Statutory Accounting Principles (SAP) 101: The Big Important Aspects?

Understanding Statutory Accounting Principles Statutory Accounting Principles (SAP) play a pivotal role in the regulatory framework of the insurance industry. Designed to ensure financial transparency, stability, and protection for policyholders, SAP offers a unique approach to accounting compared to other widely used methods like Generally Accepted Accounting Principles (GAAP). This Read more…

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