sample-17
Premium Receivable - DUP*(1-adjustment for cancellation)
what does it represents?
It looks like you're new here. If you want to get involved, click one of these buttons!
Premium Receivable - DUP*(1-adjustment for cancellation)
what does it represents?
Comments
It represents the fact that a portion of the unearned premium will not eventually be earned due to mid-term cancellations
due to mid-term cancellations, should the subtraction DUP*adjustment for cancellation instead?
You would then be taking out all your unearned premium basically so that wouldn't be correct