Spring 2017 #12

For the item lines "Losses" & "Loss adjustment expenses" how are we supposed to know the amounts given are actually the reserves for these 2 items? If they're given as balance sheet items is that what tells us it must be reserves that are given?

Comments

  • Yes, they are reserves, because they are given as Balance Sheet items.

  • For "Other UW expenses", what's the difference b/w 150 and 136? Thank you

  • The 150 is incurred expenses and the 136 is paid expenses.

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