Novation vs. Runoff

jeudi 16 avril 2015

Is there some sort of logic for why the payment from the reinsurer in a novation is treated as a reduction to premium, while the payment in a runoff agreement is recorded as a paid loss?



I'm trying to figure out a way to memorize these types of differences, since I keep mixing them up in my head.





Novation vs. Runoff

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