Spring 2019 #21 a.
The question asks you to identify four items form the table that must be included in Exhibit A of the SAO. In Mr smith's example, there is also a Premium Reserves section. If the table has included direct and assumed unearned premium reserves for long duration contracts and net UEP reserves, would those have been acceptable answers as well? I saw that unearned premium was not an acceptable answer in the examiners report.
Comments
Yes, if they had given you that information for long duration contracts, it should be included in Exhibit A.
Regarding the Unearned Premiums of $475 provided in the top section, those are not intended to be listed in Exhibit A under "Other Premium Reserve Items". According to COPLR: