The Heads Up points out that some concepts discussed in the Invitation, if adopted, would have a dramatic impact on buyers and sellers of such kinds of insurance as group accident and health, fleet automobile, and umbrella policies. Effects could include:

• Requiring the buyers (including non-insurance companies) of many types of insurance to perform extensive analyses to determine whether insurance risk has been transferred, and establish or update their systems to enable them to bifurcate (split) the 'risk' elements of the contracts from the 'financing' elements.
• Requiring the 'financing' elements to be accounted for as deposits, even if there are no risk-limiting features to the contract. This would significantly change the income statement results, because the financing element would be treated as if that portion of the risk had been self-insured.
• Changing the tax treatment of insurance and reinsurance contracts.