Section 5: LRC: PAA and GMA Considerations
Should Wiki be revised regarding PAA part of calculating LRC?
PAA:
→ LRC = (premiums received) – (insurance acquisition cash flows)
where
→ (premiums received) = (unearned premiums) – (premiums receivable)
"premiums receivable" to be deleted?
Comments
Yeah LRC should just be UEP - DAC