Skip to main content

Insurance Regulation: Weak Oversight Allowed Executive Life to Report Inflated Bond Values

GGD-93-35 Published: Dec 09, 1992. Publicly Released: Dec 09, 1992.
Jump To:
Skip to Highlights

Highlights

GAO reviewed the National Association of Insurance Commissioners' (NAIC) Securities Valuation Office (SVO), focusing on: (1) SVO development of ratings and values for securities; and (2) state regulators' compliance with valuation procedures.

Full Report

Office of Public Affairs

Topics

Accounting proceduresBonds (securities)Financial disclosureFinancial recordsInsurance companiesInsurance regulationLossesMonitoringReporting requirementsBail bonds