Unique Skill ID: KS440YG651GM2GQT52YL

Statutory Accounting Principles

Statutory Accounting Principles (SAP) is a set of accounting regulations used by insurance companies to prepare their financial statements. It is a specialized skill that requires a deep knowledge of insurance accounting and the unique statutory regulations imposed by insurance departments. SAP is essential for insurers to remain compliant with regulatory requirements and to manage financial performance in a transparent and accurate manner.

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This Skill is part of Lightcast Open Skills, a library of over 32,000 skills used by schools, communities, and businesses that has become the standard language.
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