SSAP 70 definition
SSAP 70 means Statement of Statutory Accounting Principles No. 70, Allocation of Expenses.
SSAP 70 means Statement of Statutory Accounting Principles No. 70, Allocation of Expenses. “Tax” (or “Taxes” as the context may require) shall mean any federal, state, local or foreign net income, gross income, gross receipts, severance, property, production, sales, use, license, excise, franchise, employment, payroll, withholding, premium, alternative or add-on minimum, ad valorem, value-added,
Examples of SSAP 70 in a sentence
Expenses for services, office space and equipment that require an allocation shall be allocated as agreed by both Parties as described on Exhibit A to this Agreement, attached hereto and incorporated herein by reference, consistent with SSAP 70.
Such expenses and costs shall be allocated between Risk Control Separate Accounts, Declared Rate Separate Accounts, Variable Separate Accounts and the General Account in accordance with SSAP 70.