2014.Fall 15
Why has the reinsurance recoverable on paid loss & LAE for greater than 90 days past due (250+50) included in the net admitted asset calculation ? Shouldn't more than 90 days be non-admitted ?
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Why has the reinsurance recoverable on paid loss & LAE for greater than 90 days past due (250+50) included in the net admitted asset calculation ? Shouldn't more than 90 days be non-admitted ?
Comments
No, it is included in admitted. It is also used in deriving provision for reinsurance, a liability.