Statutory Statement of Accounting Principle (SSAP) 16-Edp Equipment

Insurance Dictionary: Statutory Statement of Accounting Principle (SSAP) 16-Edp Equipment

State law that limits the admitted value of an insurance company's EDP equipment to 3% of the company's Adjusted Surplus.

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	Accounting for a change in the estimated service life of equipment Is handled prospectively or Is handled currently as a change in accounting principle?
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