SOP Issued on Demutualizations by Insurance Enterprises.

• Position: Brief Article

Statement of Position No. 00-3, Accounting by Insurance Enterprises for Demutualizations and Formations of Mutual Insurance Holding Companies and for Certain Long-Duration Participating Contracts (No. 014928CPA01), has been issued. The SOP provides guidance on accounting by insurance enterprises for demutualizations and the formation of mutual insurance holding companies. It also applies to stock life insurance enterprises that apply SOP 95-1, Accounting for Certain Insurance Activities of Mutual Life Insurance Enterprises, to account for participating policies that meet the criteria of paragraph 5 of...