Fall 2019 #15 - Ceded Reinsurance Premiums Payable
Part c) Identify one asset and three liability items on an insurance company's balance sheet that come directly from Schedule F.
The mark scheme lists "ceded amount payable to reinsurer" as an incorrect answer.
But doesn't the liability "12. Ceded Reinsurance Premiums Payable (net of ceding commissions)" come straight from Schedule F, Column 17?
Comments
Never mind, the battle card shows this as a correct answer. I'm not sure what the mark scheme was getting at.
Yes, @AdamDougall, I took another look at this just to make sure and I think the examiners' report is incorrect when they say "ceded amount payable to reinsurer" is not an acceptable answer. I've added a footnote to the Battle Table here: