M
Mbotha
Member
Can AWP products also be written on either a 90/10 (no explicit charging structure) or 0/100 (explicit charging structure) basis? And if so, I'm assuming that (ch20) section 4's asset share calculation methods also apply to AWP.
In the case of a mutual, am I right in saying that the matter of 90/10 or 0/100 doesn't apply because there are no shareholders to whom transfers can accrue? Or does it apply and the "shareholder surplus" just accrues to the estate?
In the case of a mutual, am I right in saying that the matter of 90/10 or 0/100 doesn't apply because there are no shareholders to whom transfers can accrue? Or does it apply and the "shareholder surplus" just accrues to the estate?