LfRC - GMM - CSM Quick Example

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  • Опубліковано 30 жов 2024

КОМЕНТАРІ • 3

  • @dianwicaksono3827
    @dianwicaksono3827 2 роки тому

    What is LfRC stands for ?

    • @realvalueconsulting
      @realvalueconsulting  Рік тому +1

      Hi Dian - it stands for the Liability for Remaining Coverage. Basically meaning that it's the portion of the insurance obligations relating to the unexpired part of the policy. For example, if you have a 12 month policy and you are 9 months into the policy term, then the LfRC will relate to the insurance obligations attaching to the final 3 month term (the future) and the LfIC relates to the expired 9 month term (the incurred term).

    • @bungdedy
      @bungdedy Рік тому

      In the second year, how you got 75?