Difference between revisions of "NAIC.SSAP-55"
Jump to navigation
Jump to search
(→Study Tips) |
|||
| Line 4: | Line 4: | ||
==Study Tips== | ==Study Tips== | ||
| − | |||
| − | |||
Spend 5 minutes max on this reading. | Spend 5 minutes max on this reading. | ||
Revision as of 17:59, 24 May 2019
This statement establishes statutory accounting principles for recording liabilities for unpaid losses and loss adjustment expenses for property and casualty insurance contracts.
Study Tips
Spend 5 minutes max on this reading.
BattleTable
- this reading has not been tested on any exam from the year 2012 and subsequent
reference part (a) part (b) part (c) part (d) no prior questions
Full BattleQuiz You must be logged in or this will not work.
In Plain English!
Loss Adjustment Expenses (LAE) are classified into 2 categories:
- DCC (Defence & Cost Containment): examples include
- - litigation management
- - rehab nurses
- A&O (Adjusting & Other): examples include
- - adjuster fees
- - attorney fees
Full BattleQuiz You must be logged in or this will not work.
