retroactive reinsurance assumed reserves

Yutinn

This is under the disclosure item in SCOPE section of SAO.

Can I have a definition of this term to help with the definition process?

Thank you!

Staff - SJ

Here's a link (also referenced in the NAIC.SSAP-62R page) that explains the difference between prospective and retroactive reinsurance: https://investopedia.com/terms/p/prospective-reinsurance.asp

Any reserves assumed under retroactive reinsurance would be included in the scope of an SAO.