WP and assets
In Fall 2015 Q15 part b, calculating the surplus using the assets/liabilities approach, WP is treated as an asset. In Spring 2019 Q10 part a, WP is not used to calculate the surplus. Is that because there is a cash asset in that problem and the WP is included in the Cash?
Comments
Yes, correct. The excess of written premium over (cash+admitted deferred agents' balance) may be in non-admitted deferred agents' balance.