Endorsements are amendments to existing insurance contracts that change the scope or terms of the original insurance policy.The same principle of recognizing premium revenue in proportion to the amount of insurance protection provided applies to the premium adjustments. In certain commercial lines policies, the amount of premiums can change during the contract period due to endorsements, audit premiums, retrospective premium adjustments, and cancellations. Transfers and servicing of financial assets Revenue from contracts with customers (ASC 606) Loans and investments (post ASU 2016-13 and ASC 326) Investments in debt and equity securities (pre ASU 2016-13) Insurance contracts for insurance entities (pre ASU 2018-12) Insurance contracts for insurance entities (post ASU 2018-12) IFRS and US GAAP: Similarities and differences Business combinations and noncontrolling interestsĮquity method investments and joint ventures
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