Spring 2015 Q23
This is what provided in answer key:
Deduction for unregistered reinsurance receivables in excess of acceptable collateral
= Max(0;(Unearned premium + Outstanding Losses + Receivables) ‐ (Non‐owned deposits + Letters of credit + Payables))
why Receivables are added? In kiwi formula (A + B + C) – (D + E + F + G + H) D = Reins Receivable
Could you explain?
Comments
The MCT formula has changed last year, so the answer key is no longer correct