danielle4nan
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Thanks Graham!
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Thank you Chris. Much clearer for me now. It would help if the CAS specified the 60.20 tab to be included in the Annual Return materials students are responsible for. Agreed that it be much easier to following the return had the CAS released a hy…
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Another question that I have would be what is the difference between the Income Statement's Unpaid claims and adjustment expense and the Income Statement's net claims and adjustment expense? Thanks again!
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Thanks everyone for your responses. I have a few more questions: 1) Are the claims incurred and adj. expenses in 60.20 showing the APV of unpaid claims (disc. + PFAD), or are these amounts (which are shown in Q24 of Spring 2015) showing the accou…
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Ah I misssed that! Completely understand now. Thanks a lot and good luck with your studies!
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Thank you Chris! I've never seen it spelt out like that, makes sense. My last question would be then, why in Q25 do we calculate net earned premium as net written premium + increase/decrease in net unearned premium? Under the above logic, should we…
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Hi, I also have a concern regarding this question. I thought I knew the net income calculation, however it seems I've missed something important! Why is it that we can't imply use the APV of net discounted unpaid claims + LAE in the net income cal…
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Ah I see, got it. Thanks!
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Thanks everyone! I appreciate it, I understand now.
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Perfect, thanks!
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Thanks a lot!