September 2014 Q11

Discussion in 'CT5' started by padasala, Apr 26, 2015.

  1. padasala

    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?
     
    padasala, Apr 26, 2015
    #1
  2. KIM_J

    KIM_J Member

    -

    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
     
    KIM_J, Apr 27, 2015
    #2
    heng she xuan likes this.

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