Under SAP, contingent commissions are accrued over the same period in which the related underwriting results are recognized.
Answer(s): B
SAP, an insurance company is given an option of recognizing salvage and subrogation upon receipt or accruing the estimated amount of salvage and subrogation related to ultimate claim costs by reducing the related reserves.
Answer(s): A
What includes a requirement that 20 percent of the change in net unearned premium reserves be included in payable income?
Tax law includes a provision that 50 percent of the tax-exempt interest income and the dividends-received deduction are exempt from taxation.
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sena commented on May 31, 2019 I will see if this helps TURKEY upvote
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