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Alright once again Ive got questions and no answers. Any help?
1) Line 1 of p. 3 is net of reinsurance recoverabels on unpaid losses - =
correct?
2) Schedule F - some parts the "overdue amount" includes "amounts in =
dispute" other times not. Why the difference?
3) Is there a difference between "retroactive reinsurance" and =
"financial reinsurance"? And if so, why does Feldblum's "Notes to Fin'l =
Statements" papre have note 18: Retroactive reinsurance in the Loss =
Reserve valuation section and "Note 17: Reinsurance commutations" in the =
"reinsurance section". They seem to be flip sides of the same coin - =
no?
4) Apparently an insurer must disclose how many annuities it buys where =
the insurer is the owner and payee of the annuity. Why would any =
regulators care about this - since it doesnt affect how reserves are =
treated anyway? (SeeNote to Finl statements study note p8)
5) Rsvs for Fed Inc Tax purposes are net of tab discount - but are tehy =
net of nontab discount too? (Which paper covers this?)
6) Why are part2 & 4 of schedule p gross of all discounts when part 1 of =
schedule P is net of tabular?
7) Feldblum's "Notes to fin'l statements" says that insurers may have =
failed to report E&A exposures in the statutory annual statement because =
of SFAS#5's rules for reporting contingencies. Why would insurers be =
confused - isnt SFAS5 for GAAP reporting and A/S has its own reporting =
rules (which presumably means you reserve for expected value of incurred =
loss)? (See p. 19 of Nots to fin'l statements reading)
8) What are the basic differences between a CMP and a GL policy? (I =
mean even the basics - I don't know what a CMP is at all...)
That should cover it for today ; )
6)=20
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