MLchartDataset catalogue

FAS 113

Term · Insurance and risk management · MLC-T-INS-001468

Statement of Financial Accounting Standards No. 113, issued by the Financial Accounting Standards Board (FASB), which establishes accounting and reporting standards for reinsurance contracts. This standard requires specific criteria for a contract to qualify as reinsurance for accounting purposes. It dictates how ceding companies and reinsurers recognize premiums, claims, and commissions.

Table 1. Record
IdentifierMLC-T-INS-001468
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001468",
  "term": "FAS 113",
  "field": "Insurance and risk management",
  "definition": "Statement of Financial Accounting Standards No. 113, issued by the Financial Accounting Standards Board (FASB), which establishes accounting and reporting standards for reinsurance contracts. This standard requires specific criteria for a contract to qualify as reinsurance for accounting purposes. It dictates how ceding companies and reinsurers recognize premiums, claims, and commissions.",
  "url": "https://mlchart.com/terminology/insurance/fas-113/"
}

Record 1,321 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.