Sch F Question
Jason A. Martin ( (no email) )
Wed, 4 Nov 1998 13:11:46 -0600
On the Sch F Part 8 question, should the Loss and LAE ceded liability
include the $1000 Net Reins. Recoverable or should it exclude it. For
example, on the liability side, should the balancing column for the ceded
amount be $4000 or $5000. In Feldblum's example, at the end of the paper, he
states that the ceded amount includes both paid and unpaid losses. This
problem doesn't state if the losses are paid, unpaid or both. Is this
question ambiguous or is there something I am missing that should have let
me know? My answer was $1100, but I assumed the $1000 recoverable was
included in the ceded amount of $5000, just as Feldblum does in his example.
Any insight?