Formula in Surplus (2017.Fall #10)
The formula for Surplus is listed as
Surplus = Net Assets - Liability = (Total Assets + Nonadmitted Assets) - Liabilities
but Net Assets is actually (Total Assets - Nonadmitted Assets)
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The formula for Surplus is listed as
Surplus = Net Assets - Liability = (Total Assets + Nonadmitted Assets) - Liabilities
but Net Assets is actually (Total Assets - Nonadmitted Assets)
Comments
Oops, thx. I've corrected it. I gave you a shout-out in the wiki. Let me know if you're not ok with how I put your name.