Question 8, Reinsurance Facility
Examiners report says an incorrect answer for the profit(loss) sharing for reinsurance facilities is stating share in proportion to voluntary market share but battle card says that is correct for RF. Which is true?
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Examiners report says an incorrect answer for the profit(loss) sharing for reinsurance facilities is stating share in proportion to voluntary market share but battle card says that is correct for RF. Which is true?
Comments
The examiner is incorrect. Here is the relevant wiki note:
https://battleacts6us.ca/wiki6us/Cook.Personal#:~:text=1%20The%20examiner%27s%20report%20says%20a%20common%20candidate%20error%20was%20to%20state%3A%20profit/loss%20allocation%20for%20Reinsurance%20Facility%20is%20based%20on%20market%20share.%20This%20information%20is%20outdated.%20It%20is%20now%20correct%20to%20say%20that%20the%20allocation%20is%20based%20on%20market%20share.