Unearned Premium for ceded reinsurance (BS item from Schedule F pt 3)
Is the insurer acting as a ceding insurer or as the reinsurer for this liability?
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Is the insurer acting as a ceding insurer or as the reinsurer for this liability?
Comments
Insurer is acting as ceding insurer. This is the unearned portion of the premium ceded to reinsurer.
In the balance sheet, Unearned Premium is net of ceded reinsurance, correct?
In SAP, this is so.