Re: Definition of ALAE

DANA_JOSEPH@RSAUSA.COM
Thu, 3 Sep 1998 12:27:38 -0400

FYI - There was extensive discussion on this topic on the CASNET
Bulletin Board a month-or-so ago that you may find useful. However, my
first thought is that this will not be tested since the Sch P article
was not updated this year and it detailed the 1996 Annual Statement. I
could be wrong though, since the ALAE/ULAE definitional change did
occur for the 1997 Annual Statement, and the 1997 Blank does appear on
our syllabus and it specifically states Sch P among others. Anyone
else have any thought on this?? Anyone know what Feldblum/NEAS has to
say on this??

(CASNET works via email just like this studygroup we are using now,
meaning you can subscribe to it to receive and post messages. I
believe archives of this bulletin board can be found on the CAS
website.)

______________________________ Reply Separator ____________________________
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Subject: Definition of ALAE
Author: "Giunta,Theresa" <Theresa.Giunta@cna.com> at ROYAL-HQ
Date: 9/3/98 2:31 PM

On p. 24 of Feldblum Sched. P article, he says the "In 1997 the NAIC
is
scheduled to adopt a new definition of ALAE, based on the nature of
the
expense and not on an 'inside-outside' dichotomy."
Does anyone if this indeed went through in 1997? If so, does anyone
have more information on exactly what the change in definition of ALAE
entails? Was there any other changes besides not worrying about
in-house counsel vs. independent attorneys?