sding25
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Does this mean that the primary domiciled in Illinois would not be able to write surplus lines in the state of Illinois? Not sure why this would not be allowed. Do we just have to memorize this and this actually triggers the creation of Domestic Sur…
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Also, here may be better to specify the Direct Earned Premium instead of just annual premium. What is the deductible an insurer must pay before receiving federal coverage under TRIA? b (a) 10% of its annual premiums (b) 20% of its annual premi…
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Thank you for confirmation.
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Reinsurance Facility: Insurers accept the risk and cede premium to the reinsurance facility. • Reinsurance Facility: Insurer writes risk and transfers premium to reinsurance facility. Insured does not know they are in the Reinsurance Facility. …
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But for primary insurer, isn't they are receiving the cash payment and increasing their liability (by making ceded reserve as 0 and put all reserve as gross reserve). Since the cash payment is greater than the commuted discounted reserve, the income…
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Hi I have a hard time understanding the part a i answer. 10-10 rules means GT 10% chance of GT 10% UW losses. The answer is "Only 5% chance reinsurer will incur a loss, does not pass 10-10 rule" Is it just because in the 95% prob scenario, the NPV(…