United States Government Publishing Office
publisher
pbl
distributor
dst
United States
Government Accountability Office
author
aut
Government Organization
text
government publication
eng
GAOREPORTS
Legislative Agency Publications
gao
legislative
2010-08-12
U.S. Government Printing Office
2006-02-23
monographic
deposited
born digital
59 p.
GA 1.13:GAO-06-424R
https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-424R
P0b002ee18039e17d
f:d06424r
DGPO
2010-08-12
2011-03-24
GAOREPORTS-GAO-06-424R
machine generated
eng
fdlp
REPORT
GAOREPORTS-GAO-06-424R
GAO-06-424R
Insurance
Insurance regulation
Private sector
Federal regulations
Product safety
Insurance losses
Risk assessment
Reinsurance
Correspondence
A47617
Definitions of Insurance and Related Information
This letter concerns a variety of issues related to identifying a
universal definition of insurance and the challenges associated
with doing so. We briefed congressional staff on the preliminary
results of our work on June 24, 2005, and on our final results on
November 29, 2005. Specifically, we provided information on (1)
the elements that are commonly part of definitions of insurance,
(2) a few products not universally defined as insurance or
regulated across the states by their insurance departments, (3)
possible regulatory implications of developing separate
definitions for insurance products covering insurance risks in
more than one category, (4) current developments in statutory and
financial accounting communities in re-evaluating their
guidelines for measuring risk transfer in reinsurance contracts,
and (5) certain circumstances when finite risk contracts are
used.
https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-424R/html/GAOREPORTS-GAO-06-424R.htm
https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-424R/pdf/GAOREPORTS-GAO-06-424R.pdf
GAO-06-424R
https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-424R
Correspondence
GAO-06-424R; Definitions of Insurance and Related Information;
Insurance
Insurance regulation
Private sector
Federal regulations
Product safety
Insurance losses
Risk assessment
Reinsurance