N
NixStudent
Member
Would anybody be able to explain the difference between a life insurance company's free assets and their surplus?
Free assets are the assets held over and above the liabilities (which may or may not include supervisory reserves), whilst surplus is the amount held over and above the reserve level.
Am I missing something here?
Free assets are the assets held over and above the liabilities (which may or may not include supervisory reserves), whilst surplus is the amount held over and above the reserve level.
Am I missing something here?