2018 Spring #11
Hello,
I'm wondering why the examiners report says not to subtract salvage and subrogation from the calculation? I also noticed that in 2018 Fall # 14, the paid loss numbers are given net of salvage. How can we know whether or not to subtract S&S?
Thank you for all the help so far.
Comments
In Schedule P, amounts are stated net of S&S. S&S columns are "memo items": all other columns have been netted of S&S, and these columns just tell you how much that S&S was.
Thank you!
Sure, good luck.