Hi All,
I don't really understand why we need to calculate a CoV for Premium Liability (unearned premium reserve). Isn't the unearned premium reserve just the premium that we've collected but haven't been earned, so we should know the amount already? Under what circumstances would it fluctuate?
Thanks!
I don't really understand why we need to calculate a CoV for Premium Liability (unearned premium reserve). Isn't the unearned premium reserve just the premium that we've collected but haven't been earned, so we should know the amount already? Under what circumstances would it fluctuate?
Thanks!
Marshall Premium Liability CoV
