Spring 2016 #14
The examiner's report includes "miscellaneous balances payable" as part of the total collateral. How would we know that it's a payable related to reinsurance and not some other creditor?
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The examiner's report includes "miscellaneous balances payable" as part of the total collateral. How would we know that it's a payable related to reinsurance and not some other creditor?
Comments
Here, "payable" means payable to reinsurer, because of the question's context. This is not an official AS line item.