Does anyone have experience in reflecting the NCCI Pool results for an insurer? I have read that the the Pool works like an assumed quota share reinsurance arrangement. So let's say an insurer has a 1% market share of the voluntary market for a participating state. And the NCCI Pool has an operating gain or loss for the year for that state. I am assuming the insurer would then book 1% of that gain or loss. But how? Where in the annual statement does this go? Does the insurer book assumed premium and losses and related expenses? Or somehow just reflect net gain or loss? Also if there is a loss then does the pool assess additional fees or charges to the insurer?
sorry for asking so many questions But any help would be appreciated.
sorry for asking so many questions But any help would be appreciated.
How do you book NCCI Pool Results?
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