Accounting for Intangible Assets valued as part of Business Combination

[Lisa]

Kristin

In conferring with my colleagues, we have not encountered the treatment you lay out in your question. We do not believe it is appropriate to amortize intangible assets in statutory accounting. You can refer to paragraph 4e in SSAP 20, Nonadmitted Assets. Also, SSAP 68, Business Combinations and Goodwill is a good reference.

Thank you,

Lisa Mullen
Regulatory Education Director