220 CMR, 52.314
This account shall include all interest accrued, but not due, upon the funded and unfunded indebtedness of the company. Separate subaccounts shall be maintained for each item of indebtedness.
When interest matures without being paid it shall be charged to this account and credited to account No. 310, "Matured Interest Unpaid."
Payments to trustees (or other agents) of the holders of bonds or other securities, of the interest accrued thereon, which operate under the terms of the securities (or of mortgages supporting such securities) as a release of the paying company from further liability for such interest, shall be considered equivalent to payments of interest, made direct to bondholders, and such interest shall not be credited to Matured Interest Unpaid.
The interest accrued upon any judgment against the accounting company shall not be credited to this account, but to the account to which such judgment stands credited.
220 CMR, 52.314