Bryden38
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Thanks for the response. Yeah I was mostly asking from a theoretical perspective. This is likely outside the scope of the syllabus but I figured the fund wouldn't be sustainable if they allocate premiums to participating insurers in addition to allo…
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I was indeed thinking about "Calculating Additional Compensation: Example 2". Sorry for the confusion. I was mostly confused because the insured got the advanced amount of 521,050 (pretty close to the limit of 530k). The PACICC then recovers 538,…
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Do the limits need to be taken into account in example 2? For example, at the current HO limit of 530k, would the insured not be entitled to the entire additional amount?