underhillp
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Thanks Graham!
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I think I'm confused on what it means to "cede a policy to the Reinsurance Facility." The RF is still a residual market mechanism, right? Why would the size of the residual market decrease if insurers start using an RF instead of an ARP (since they …
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Thank you for the explanation. It sounds like this item represents a liability for whoever is holding onto the funds. Is that a good way to think of it?