Specific Accounting Records for General Insurance in Conditions of the Harmonizing Romanian Legislation with International Accounting and Financial Reporting

Marinica Dobrin ()
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Marinica Dobrin: Universitatea Spiru Haret, Facultatea de Management Financiar Contabil

No 2010/59, Papers from Osterreichish-Rumanischer Akademischer Verein

Abstract: This paper presents features of records related to general insurance in Romania in terms of harmonization with European directives specific to insurance. Specific records show mainly life insurance: income and expenditure accounts of the operations of insurance (premiums written record, the record collection of insurance premiums, cancellation of insurance policies, recording compensation expense), accounting for costituirea operations and use of technical reserves (accounting reserve premiums, claims reserve accounting, reserve accounting for Unexpired risks, catastrophe reserve accounting, reserve accounting for benefits and risturns).

Keywords: insurance; income; expenses; premiums underwritten; profit/loss year; insurance intermediaries; insurance policy; compensation; technical reserves; premium reserves; reserves for damages; unexpired risks reserve; reserve expenditure equalization; reserve for disaster (search for similar items in EconPapers)
JEL-codes: A11 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2010-04-25
New Economics Papers: this item is included in nep-acc, nep-his and nep-ias
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Persistent link: https://EconPapers.repec.org/RePEc:ris:sphedp:2010_059

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