美国保险公司不需要遵守US GAAP吗？

问题如下：

Before moving on Cioffi comments, “It was interesting to learn about the insurance industry when working on the NANLife file. Unlike the banking industry, it does not have to follow international standards for capital adequacy, but as a US-based insurer, NANLife still has some US requirements to meet. The company also prepares its financial statements using statutory accounting rules that differ from both US GAAP and IFRS.”

Cioffi’s comments about the regulatory requirements for NANLife are best described as:

选项：

A.

correct.

B.

incorrect with respect to accounting rules.

C.

incorrect with respect to capital adequacy requirements.

解释：

Cioffi’s comments about the regulatory requirements for US-based insurance companies are all correct. The insurance industry does not have a set of global regulatory standards like Basel III, but capital standards do exist in various jurisdictions, including the United States. In the United States, the NAIC (National Association of Insurance Commissioners) has established minimum capital adequacy standards. Also in the United States, insurance companies prepare financial reports according to statutory accounting rules, which differ from US GAAP and IFRS.