Accounting Rules
Form and Content of Financial Statements
Regulation S-X
Rule 7-02 -- General Requirement
(a) The requirements of the general rules in Rules
1-01 to 210. 4-10 (Articles 1, 2,
3, 3A and 4)
shall be applicable except where they differ from requirements of Rules
7-01 to 7-05.
(b) Financial statements filed for mutual life insurance
companies and wholly- owned stock insurance company subsidiaries of mutual
life insurance companies may be prepared in accordance with statutory accounting
requirements. Financial statements prepared in accordance with statutory
accounting requirements may be condensed as appropriate, but the amounts
to be reported for net gain from operations (or net income or loss) and
total capital and surplus (or surplus as regards policyholders) shall be
the same as those reported on the corresponding Annual Statement.
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