A Stock Life Insurance Company Writing Both Participating and Nonparticipating

A stock life insurance company writing both participating and nonparticipating business must follow special accounting procedures under the laws of certain jurisdictions. The purpose of these special accounting procedures is to provide for:

A) A separation of accounting, so that profits applicable to participating and nonparticipating business can be appropriately determined
B) This is a critical process, since profits from participating business are regulated as to their distribution among participating policyholders and the company's stockholders
C) Some jurisdictions require the filing of several of the statutory statement exhibits in three forms, one for the company as a whole
D) Any of these