MCT Problem 3 - Incorrect Answer

NycxBattleNycxBattle
edited April 28 in PRACTICE EXAM

Problem 3 for Unregistered Reinsurance is incorrect.

Technically this question is done at Step 3a. The amount in 3a is the answer for deduction on Capital Available due to Unregistered Reinsurance.

Step 3b is calculating the margin for registered Reinsurance which is different from the deduction in step 3a.

Also for step 3B is incorrect even if its for the Margin. its missing the deduction of 730, the final margin should be 3,324.

Please see my screenshot below.

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