Insurance companies, are founded and work in acordance with present legislation. They are function by giving, negotiating and concluding insurance and reinsurance contracts, cashing premium, settling damages, investing and accumulating own and external founds. Is an comercial company, who is acting on the insurance market, obteining benefits from investments, operation and extraordinaties activeties. The accounting applied to the level of this insitutions, who folow the courent legislation, and the existence of specific elements in financial situations, required by the typical of the insurance activity, are making the object of our paper.