timed out BattleActs100

SAP Assets

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Calculate the SAP net admitted assets. (Modeled on 2016.Spring #15a)

  current score:
0.000

net admitted assets (year-end)
agents' balances < 90 days past due
agents' balances > 90 days past due
NAIC Class 2 bond, amortized cost
NAIC Class 2 bond, fair value
NAIC Class 3 bond, amortized cost
NAIC Class 3 bond, fair value
cash & cash equivalents
goodwill on an 11-year old acquisition
DAC
net UEP
high-deductible unpaid loss below deductible
DTA (this and DTL would not appear together)
DTL (this and DTA would not appear together)

Concept

You have to know what is admitted under SAP versus what is not admitted (see wiki or solution below)

Hint 1

Class 1 & 2 bonds (highly rated) are valued using amortized cost

Hint 2

Class 3,4,5,6, bonds (not highly rated) are valued using min(amortized cost, fair value)

Solution:
net admitted assets
agents' balances < 90 days past due
NAIC Class 2 bond = amortized cost
NAIC Class 3 bond = min(amortized cost, fair value)
cash & cash equivalents
DTA - DTL