Principles-Based Bond Definition Flowchart

The below document – offered as a downloadable PDF – presents a framework for evaluation of investment assests under the 2025 changes to the bond definition.

About the author: Tip Tipton, Head of Accounting Policy for Thrivent, serves as Interested Parties Co-Chair for the NAIC’s Blanks Working Group and a member of the ACLI’s Accounting Committee.

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