2014_2 Fall - 12
I picked surplus calculated in pt A. Why does the correct answer use the older surplus? What am I missing?
Cj
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I picked surplus calculated in pt A. Why does the correct answer use the older surplus? What am I missing?
Cj
Comments
It's because of this given in part b:
They justwanted you to use surplus as such, probably to avoid having you recalculate income with reinsurance ceded.