hayjow
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Sorry, I mean for the test of whether to split the reins recov between R3 and R4. $75000>$5635.
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Hello, in 2016 spring 26 b it seems like they are indeed using "R4 > (RBC charge for non-invested assets) +(RBC charge for reinsurance recoverables)" vs "R4 > (RBC charge for non-invested assets) +(1/2)*(RBC charge for reinsurance recoverables…
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Okay so Exh A is: carried reserves for items in scope. items in scope are Loss and LAE reserves, uncollectible prem for long duration contracts, and retroactive reinsurance assumed reserves. Since it says there are no long-duration contracts we know…
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That helps a bit, thanks.
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It sounds like if FHCS doesn’t have enough money to pay the insurers what they told them they would pay, then they issue bonds which end up taking more money from the insurers, to pay the insurers? Am I misunderstanding? If not, what is the reason f…