The purpose of this research work was to determine the application of accounting principles in insurance companies. The limitations that prevent their proper application and whether insurance accounts are in conformity with the generally accepted accounting principles.
Data were collected from respondents mainly accountant and managers from different insurance companies in Onitsha through personal interview.
However, the outcomes showed that the accounting principles adopted by insurance companies and the same from the ideal principles. Although there are some branches of insurance companies that do not have a branch accountant, these branch will only forward their cash book to head office account.
Some insurance companies suggested recommendations on home accounting problems encountered. It is the researchers believe that if the recommendation given in chapter three of this study where actually followed, the will help in promoting the insurance business in Nigeria.

TABLE OF CONTENT
Title Page                                ii
Approval Page                            iii
Dedication                                iv
Acknowledgement                            v
Abstract                                 vii
Table Of Contents                            viii

I.    Chapter One
Introduction    1
1.1    Background Of Study                    1
1.2    Statement Of Problem                    4
1.3    Objectives Of The Study                    5
1.4    Scope Of Study                        6
1.5    Limitation Of Study                    6
1.6    Definition Of Terms                    7

II.    Chapter Two
2.0    Literature Review                        9
2.1    Accounting Aspect                        9
2.2    Accounting Principles                     10
2.3    Insurance Aspect                        12
2.4    Summary Of Related Literatures             13

Chapter Three 
3.1    Summary                            14
3.2    Findings                            15
3.3    Recommendation                        16
Reference                            18