Accounting for Insurance Premiums Receivable From an Intermediary

The committee considered the accounting of a guarantee over a derivative contract. The staff had proposed that this was also quite a narrow fact pattern that was not widespread, and the amounts involved were not material. So, similar to the submission on homes and home loans provided to employees, outreach on this matter did not indicate that the matter would have widespread or material effects. For similar reasons, the committee decided not to add a project to the work plan as proposed by the staff.