2016 spring #14: Certified Reinsurer-Reporting Entity

marodriguezmarodriguez
in Odomirok.14-F

What is the "reporting entity"? And why is it a benefit that the RP be reduced?
I initially thought the reporting entity was the DOI, but that doesnt make any sense that reducing the RP would benefit the DOI. The reporting entity sounds like its the U.S-based location of the insurance company that reports to a DOI in the U.S.
Is that correct?

Thanks.

Comments

  • Staff - ACStaff - AC

    "Reporting entity" is the company ceding to the certified reinsurer.

    Less RP means more surplus.

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