2017.Spring 13 b ii Non-Sch P Ceded - Example with 3 Pooling Companies
Could you provide an example where there is 3 companies in an intercompany pooling agreement and calculate non-Sch P gross, ceded, and net?
I have not been able to find any examples with 3 companies and the ceded calculations and am not sure how to calculate the lead company ceded when there is more than 1 non-lead. Is it just the sum of total gross amount * each non-lead company's pooling %, e.g. (total gross * B pool % ) + (total gross * C pool %) ?
Am I right in assuming the ceded for the 2 non-leads just equals their gross/direct amounts?