PC4 40.05

MickyBMickyB
in OSFI.MCT

Hi,
In the PC4 I was a bit surprised on page 40.05 that PAA and GMM are added together in column (06) and (12). Can you explain this? I thought it was either GMM or PAA or is it possible that a company can have some contracts under GMM and some under PAA?

Thanks

Comments

  • Staff-T1Staff-T1

    Yeah a company can have some contracts on GMM and some contracts under PAA. It depends on your LoB. Generally lines like warranty and title insurance are GMM while the insurer also writers traditional auto and property which are normally PAA

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