Feldblum Schedule F

  1. Definition of "Provision for Reinsurance"
    Minimum bound of uncollectible reinsurance, used in Statutoryaccounting.
  2. Provision for Reinsurance for an Unauthorized Reinsurer Formula
    Provision = Unsecured total recoverables + 20% (recoverablesover 90 days overdue) + 20%(amounts in dispute).

    Amounts in dispute are included in the "unsecured total recoverables" and "amounts in dispute"
  3. Provision for Reinsurance for an Authorized Non-Slow Paying Reinsurer Formula
    Provision = 20% (recoverables over 90 days overdue)

    Includes overdue amounts in dispute
  4. Provision for Reinsurance for an Authorized Slow Paying Reinsurer Formula
    Provision= max [ 20% (unsecured total recoverables), 20%(recoverables over 90 days overdue)]

    Both terms include amounts in dispute (the latter only includes overdue amounts).
Author
eliebochner
ID
165305
Card Set
Feldblum Schedule F
Description
CAS Exam 6
Updated