Emma

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Emma
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  • for Excel problem IEE.PL, to get the Pre-Tax profit/loss, we subract the Taxes,Licenses and Fees. Are these taxes that are in TLF not what the 'pre-tax" is referring to?
  • Thanks!
    in Q 21 Comment by Emma May 12
  • Why don't we consider salvage and subrogation in the calculations? (nvm I see there is another thread on this, and there is mention in the examiner's report)
    in Spring 2016 #15 Comment by Emma April 27
  • In the formula sheet, T= Total Unpaid Recoverables, but the Examiner's report includes paid recoverables, as well. Is the formula sheet incorrect? Should it be: Authorised Reinsurer Slow Paying = 20% x max (T+P-C, Pn90 + Pd90)
  • The Question Bank version marks only one interpretation correct. The other interpretation gets marked wrong, even though it is technically also correct.
  • The calculations question in the Question Bank that is modeled after this is similarly unclear. Perhaps it should be clarified?
  • Are Unauthorized reinsurers fairly common? Why would an insurer have a contract with an unauthorized reinsurer if it is illegal?