Revised loss payment patterns, discount factors for 2014 (insurance)

Revised loss payment patterns, discount factors

The IRS released an advance version of Rev. Proc. 2015-24 that includes corrections to Rev. Proc. 2014-59—guidance that provides the loss payment patterns and discount factors for the 2014 accident year, to be used by property and casualty insurance companies to compute discounted unpaid losses under section 846.

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Read Rev. Proc. 2015-24 [PDF 13 KB]

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