LRC under PAA - Alice's Example
why the non-directly attributable acquisition expenses is not divided by the coverage period (2 yr) same as directly attributable acquisition expenses?
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why the non-directly attributable acquisition expenses is not divided by the coverage period (2 yr) same as directly attributable acquisition expenses?
Comments
Because you cannot expense it across the life of the policy. It says that it is paid on inception so there is nothing to amortize