The bullet points are correct. They're taken straight from page 36 of the paper. Bullet point 2 refers to both RSP and the FARM. The FARM policies are on the books of participating insurers
That's what the paper says so I suppose so. I can't give you any anecdotal evidence unfortunately as I have not personally seen it done as the paper describes at work
Comments
kind of like a one off request for money or tax from insurers
The bullet points are correct. They're taken straight from page 36 of the paper. Bullet point 2 refers to both RSP and the FARM. The FARM policies are on the books of participating insurers
are you sure? I thought FARM is completely taken by FA (rates set, service facility) etc. Nothing on cedant books.