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Mortgage guaranty insurance was excluded from SOP 78-6 because it is significantly different from other forms of property and liability insurance in that the coverage is long-term in nature and most policies do not have level annual premiums. This Statement discusses issues relating to accounting for mortgage guaranty insurance with the exception of (a) whether loss reserves should be discounted and (b) whether anticipated investment income should be considered in computing premium deficiencies
Mortgage guaranty insurance -- United States -- Accounting
Accounting | Taxation
American Institute of Certified Public Accountants. Insurance Companies Committee, "Proposed statement of position : accounting for mortgage guaranty insurance ;American Institute of Certified Public Accountants. Insurance Companies Committee" (1980). Statements of Position. 426.