What Does FAS 113 Mean?

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What does FAS 113 mean? Read on to discover the definition & meaning of the term FAS 113 - to help you better understand the language used in insurance policies.

FAS 113

FAS 113

Standards for accounting for reinsurance. FAS 113 prevents captives from setting up meaningful spread-loss plans or financial reinsurance accounts.

We hope the you have a better understanding of the meaning of FAS 113.

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