The Board then developed a work plan to address the issues brought forward, and adopted revisions for the edition of USPAP. As put forth in the Third Exposure Draft, the Board did not adopt revisions related to communications of assignments results prior to the completion of the assignment other than the ethical and record keeping requirements that appear in that section. Although there was support for specifically addressing draft reports, the Board also learned that there were significant unintended consequences that might occur with the adoption of any such requirements.
Although the Board did not revise the language "at the time of the assignment," the Board did receive comments expressing concern with its meaning. Click to learn more about Surplus Lines. Speak with a licensed agent. Save More! The Board then developed a work plan to address the issues brought forward, and adopted revisions for the edition of USPAP. As put forth in the Third Exposure Draft, the Board did not adopt revisions related to communications of assignments results prior to the completion of the assignment other than the ethical and record keeping requirements that appear in that section.
Although there was support for specifically addressing draft reports, the Board also learned that there were significant unintended consequences that might occur with the adoption of any such requirements.
Although the Board did not revise the language "at the time of the assignment," the Board did receive comments expressing concern with its meaning. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent.
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