Accounting standards require that a reinsurance contract must transfer a significant amount of insurance risk. This session will first discuss the accounting guidance available today (e.g., SSAP 62 and FAS 113) and describe several methods that can be used to test for risk transfer. The second part of the session will consist of case studies in which the group will apply risk transfer testing methods to several specific types of reinsurance contracts and discuss whether those contracts transfer sufficient risk to qualify for reinsurance accounting.