NancyHu
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Loss and LAE in Balance sheet is net of all discount. In this question, discounted reserve should be used in surplus change.
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It is really similar to Spring 2016 Question 27b. Loss and LAE in Balance sheet is net of all discount. So statutory surplus should also net tabular discount. Why not used discount ceded reserve to get change of surplus in Spring 2016 Question 27b?
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not sure if I understand these 3 terms right. * commutation: ending relationship btwn RI and ceding company, ceding company re-assumes the liability previously ceded under the reinsurance contract, receive a payment from RI as negative paid los…
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thanks!
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sorry I just realized it's the amt to be subtracted from "UPR" in Liability, is that right?
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Hi, thanks for reaching out, I still have this issue for all the battle quiz in all chapters, I doubt if it's tech issue with the browser (I tried for both edge and chrome) or firewall? Is there any requirement on this?