Spring 2014 10
In Wiki, LOB exclusion in guaranty funds doesn't mention employee pension liabilities.
But in Spring 2014, #10, it excludes employee pension liabilities. Could you tell me why there is a conflict?
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In Wiki, LOB exclusion in guaranty funds doesn't mention employee pension liabilities.
But in Spring 2014, #10, it excludes employee pension liabilities. Could you tell me why there is a conflict?
Comments
That question was a little tricky. The Porter text does not mention "employee pension liabilities" but I believe the reason it is excluded from consideration in that exam problem is that guaranty funds are for reimbursing policyholders. Employee pension liabilities relate to the insurer's own employees, not policyholders.