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September 2014 Q11

P

padasala

Ton up Member
Hi,

For question 11, why do we add the reserve at the end of 31st dec for the lapsed policy to the DSAR calculation?
 
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I am not sure whether I am right, but this is how I approached it.

"Reserves held on 31 Dec 2013 for policies in force at that date" = $371,000.
This means that the reserve for that 1 death occurred during 2013 is not included in the given reserve of $371,000. Therefore, add that extra reserve (14V) on to $371,000.

I hope this makes sense :)

p.s. good luck! and excuse my english skills lol
 
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