2014F Q15 Reinsurance Recoverable on Paid Losses

natemichaleknatemichalek
in Odomirok.22-23-GAAP

I thought reinsurance recoverable on paid losses more than 90 days overdue were non-admitted? Or are they only non-admitted if they are deemed uncollectible? (My recoverable I calculated to be 3850 not 4150)

Comments

  • Staff - ACStaff - AC

    No, agents' balances more than 90 days overdue are non-admitted. Recoverable on paid losses more than 90 days overdue is an amount used in determining the reinsurance provision. Otherwise, it is admitted.

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