The derivation and application of accounting standards to the market value of liabilities

  • C. D. O’Brien
Part of the The New York University Salomon Center Series on Financial Markets and Institutions book series (SALO, volume 1)


The purpose of this paper is to derive a set of accounting standards to be used in assessing the liabilities of a life assurance company, consistent with the assets being at market value, and set out how the suggested standards can be applied in practice.


Acquisition Cost Accounting Principle Future Profit Investment Income Future Service 
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Copyright information

© Springer Science+Business Media Dordrecht 1998

Authors and Affiliations

  • C. D. O’Brien
    • 1
  1. 1.Royal Life InsuranceCanada

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