Hello - this may sound like a stupid question, but just curious about this...
Can an insurer book a negative case reserve amount if the insurer is 100% certain that salvage will occur by that amount in the near future?
Or is this not at all allowed based on some accounting/actuarial standards?
Thanks in advance.
Can an insurer book a negative case reserve amount if the insurer is 100% certain that salvage will occur by that amount in the near future?
Or is this not at all allowed based on some accounting/actuarial standards?
Thanks in advance.
Negative Case Reserve
