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ARTICLE · 04 JULY 2017

A Look At Credit Agreements In Insurance

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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Corporate partners Daniel A. Rabinowitz and David S. Berg's article "A Look at Credit Agreements in Insurance" was featured as a two-part article in Law360's Expert Analysis column on June 8-9, 2017.

United StatesInsurance
David Berg
David Berg
Daniel Rabinowitz
Daniel Rabinowitz
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Corporate partners Daniel A. Rabinowitz and David S. Berg's article "A Look at Credit Agreements in Insurance" was featured as a two-part article in Law360's Expert Analysis column on June 8-9, 2017.

Credit agreements are not one-size-fits-all, and significant changes to the standard form must be made for borrowers in certain specialized industries. This is especially true of borrowers and loan parties in the insurance space.

In part one, the authors examine how these entities may have to prepare their financial statements using statutory accounting practices, in addition to accounting for "reserves," or insurance-related obligations under policies they have issued, on their balance sheets.

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