Chapter 8 page 13

Discussion in 'SP7' started by CAKABOGU23, Jul 21, 2015.

  1. CAKABOGU23

    CAKABOGU23 Active Member

    Please, in the subsection of "where does the RITC go", why is the RITC being paid to the 2015 trust fund as per Paragragh 1 in that subsection?
    Since the RITC is determined at the end of 2016, why is the premium not paid to the 2016 fund?

    This same issue for Question 8.8 where the solution says at time 31/12/X+1, I would have thought it was at time 31/12/X for the Syndicate that started on 1/1/X-2
     
  2. CAKABOGU23

    CAKABOGU23 Active Member

    Having read the following paragraph, I get it now :D
     

Share This Page