retroactive reinsurance assumed reserves

Yutinn

Yutinn

January 25 in COPLFR.SAO

This is under the disclosure item in SCOPE section of SAO.

Can I have a definition of this term to help with the definition process?

Thank you!

Comments

Staff - SJ

January 27

Here's a link (also referenced in the NAIC.SSAP-62R page) that explains the difference between prospective and retroactive reinsurance: https://investopedia.com/terms/p/prospective-reinsurance.asp

Any reserves assumed under retroactive reinsurance would be included in the scope of an SAO.

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