The Accounting Practices and Procedures Manual includes all statutory accounting guidance that has been adopted by the NAIC as of March of the current year. Appendices contain excerpts of applicable NAIC model laws, interpretations of the Statutory Accounting Issues (E) Working Group and former Emerging Accounting Issues (E) Working Group, actuarial guidelines, U.S. GAAP to SAP cross-reference chart, issue papers, policy statements, and implementation guidance for the annual financial reporting model regulation. This publication is updated annually. 

For updates to the most recent version, please refer to:  Adopted Revisions to the Accounting Practices and Procedures Manual

The Accounting Practices and Procedures Manual presents a comprehensive basis of accounting that should be followed if not in conflict with state statutes and/or regulations. Should the domiciliary state set forth accounting guidance that differs from the AP&P Manual, disclosures of such must be made. This publication provides information regarding each state's prescribed differences from NAIC statutory accounting principles, including a citation to the respective state statute and/or regulation, and is updated annually.