CAS Sample Question 10
do you mean that the Net Expense from Reinsurance Contracts Held should be -10,000+2,500+20,000 = 12,500 instead?
so typically we should see negative Net Expense from Reinsurance Contracts Held like -30,000+2,500+20,000 = -7,500?
Comments
yes to question one
It depends to question 2, whether the reinsurance reflects a net cost or net gain. Basically the allocation of reinsurance premiums (premiums paid to reinsurers) should have an opposite sign from the reinsurance recoverables
The version that CAS has live (I'm not sure when it was uploaded) actually has Allocation of reinsurance premiums = -10,000 now!
Looks like the CAS has read my comments here