SEC Issues Industry Letter Allowing Insurance Companies to File Certain Financial Statements

Who may be interested: Insurance Companies - Quick Take: In an Industry Letter, the SEC’s Division of Investment Management stated that insurance companies may file financial statements prepared in accordance with statutory accounting principles permitted by the company’s domiciliary state regulator, and audited by an independent auditor (SAP financial statements), in their registration statements filed on Form S-1 for certain covered insurance products....
By: Seward & Kissel LLP

Seward & Kissel LLP