220 CMR, 52.208
Current through Register 1538, January 3, 2025
This account shall include the amount of interest accrued to the date of the balance sheet on funded and unfunded securities owned, loans, open accounts, mortgages and deposits; dividends declared on stock owned, and dividends accrued on stocks when contracts require that the dividends be paid at stated times.
Appropriate sub-accounts may be raised to show the amount of various classes of income receivable.
220 CMR, 52.208
Note A. - No amount representing interest or dividends receivable shall be included in this account unless its payment is reasonably assured by past experience, by contract, or otherwise.
Note B. - No dividends or other returns on securities issued or assumed by the accounting company shall be included in this account.