LetMePass

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LetMePass
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  • Is my solution appropriate for part d? I use the LRC from (a) as the carrying amount of LRC. I guess this interpretation is more like "beginning of year 2" than "end of year 1", but it is the same result. Thanks!
    in LRC excl. LC under PAA - Alice example Comment by LetMePass April 2025
  • In Sample Q17, Direct UEP (31) = Prem Received (28) - Insurance Revenue (29) + Prem Receivable (30) But then in the LRC Calc, PAA LRC ex LC (52) = Prem Received (28) - Insurance Revenue (29) - DAC (44) Which is different from the formula…
    in Sample-18 Comment by LetMePass April 2025
  • I see, thanks for the prompt reply!
    in Loss Component Under PAA Comment by LetMePass April 2025
  • In the calculation of FCF above, shouldn't there be a subtraction/deduction for Premium Receivable? [Reference: CAS Sample Q17, Q18]
    in Loss Component Under PAA Comment by LetMePass April 2025