Fall 2019 #22 - Propose language for opinion
Why don't they mention the unearned premium reserves for long duration contracts? Is it because premiums are not in the question?
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Why don't they mention the unearned premium reserves for long duration contracts? Is it because premiums are not in the question?
Comments
Yes, that's exactly the reason. If they don't mention long duration contracts in the given information, then you can just ignore it. There is some further information in the wiki and other forum posts regarding language for the opinion that you can access from this link: