2018 fall # 10 part c

marodriguez

For part i)... The collecting of Agents balances after 90 days is a type I event. Why would surplus not be adjusted? Is it because its still considered a non-admitted asset? Or just by definition since it was over 90 days at the date of the balance sheet its non-admitted for that year and that will never change?

Thanks

Staff - AC

See this wiki note on this question:

https://battleacts6us.ca/wiki6us/NAIC.SSAP-9#:~:text=1%20I%20believe%20the%20answer%20to%20part%20(c.i)%20in%20the%20examiner%27s%20report%20is%20partially%20incorrect.%20Part%20(c.i)%20is%20a%20Type%202%20subsequent%20event%2C%20not%20Type%201.%20See%20this%20forum%20thread%20for%20further%20discussion.%20(thx%20a123!)