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Could you explain further on this statement "must no exceed countrywide PML500"?
Thanks
The Earthquake Premium Reserves cannot be greater than the countrywide PML 500. This is stated in the MCT paper but not in the OSFI EQK paper
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The Earthquake Premium Reserves cannot be greater than the countrywide PML 500. This is stated in the MCT paper but not in the OSFI EQK paper