• We are pleased to announce that the winner of our Feedback Prize Draw for the Winter 2024-25 session and winning £150 of gift vouchers is Zhao Liang Tay. Congratulations to Zhao Liang. If you fancy winning £150 worth of gift vouchers (from a major UK store) for the Summer 2025 exam sitting for just a few minutes of your time throughout the session, please see our website at https://www.acted.co.uk/further-info.html?pat=feedback#feedback-prize for more information on how you can make sure your name is included in the draw at the end of the session.
  • Please be advised that the SP1, SP5 and SP7 X1 deadline is the 14th July and not the 17th June as first stated. Please accept out apologies for any confusion caused.

Negative non unit reserve

M

Mehak Mittal

Member
Hi, I need help with understanding the below paragraph from Chapter 19 SP2, page9.
'The negative reserve represents a ‘loan’ from other contracts which have positive non-unit reserves. The ‘loan’ will be repaid by the emerging future profits from the policy for which the negative non-unit reserve is held.'

How are NUR loans from other contracts which have positive NUR?
 
You must log in or register to reply here.
Back
Top