The Influence of Income Tax Rules on Insurance Reserves

Federal income tax rules, and especially changes in those rules, combine with financial market circumstances (interest rates) to create incentives bearing on property-casualty insurers' decisions regarding the level of loss reserves to report. These incentives have varied substantially over the联邦所得税规则，尤其是此类规则的修订变动，与金融市场环境（利率）相结合，会形成影响财产意外险保险公司（property-casualty insurers）报告损失准备金规模决策的激励机制。此类激励机制在[原文未完整收尾]已发生显著变化。