We have criticized these, but the real problem, the really irrational part of what is proposed, is the material on internal accounting control.
More Quotes from William Boyd:
We all want to be happy, and we're all going to die. You might say those are the only two unchallengeably true facts that apply to every human being on this planet.William Boyd
The vote during this weekend's meeting on the compromise, or 'alternate proposal,' is not necessarily prologue to passage up the NAIC committee hierarchy and certainly not in legislatures. Regulators will have to take into account what legislators think about the internal accounting content in the proposal that is derived from Sarbanes-Oxley.
William Boyd
If you sell property of the state, state asset, which the toll road is, the money has to go to pay down the debt. Just the same as if you sell your house, you have to pay for that mortgage.
William Boyd
you realize that could happen on King's Road in West London, with that courier driving too fast.
William Boyd
But that relaxed version forwarded to the Title IV Subgroup still adds costs to state solvency regulation that aren't needed, based on the insolvency record of mutual insurers.
William Boyd
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