Triangulation methods

Discussion in 'SP7' started by Adithyan, Mar 21, 2018.

  1. Adithyan

    Adithyan Very Active Member

    Dear Sir/Ma'am,
    I don't get a hang of the answer for Q8 in ST7 (April 2017).

    I am unable to understand the distinction between (Have picked these lines from revision notes)

    Kindly explain the distinction between these 2 points (its quite unclear):
    1.If a claim is currently large then remove the whole claim and its history
    2. If a claim has ever been found large then remove the whole claim and its history (Even here I would still be removing the claims and its history the moment I find the claims to be large right?)

    Thanks
     
    Last edited: Mar 21, 2018
    Adithyan, Mar 21, 2018
    #1
  2. Darren Michaels

    Darren Michaels ActEd Tutor Staff Member

    Suppose your large claim threshold is $1m.

    In case 1, then the incurred amount for a given claim currently exceeds $1m.

    In case 2, the incurred amount for a given claim is currently below $1m (eg $950k), but at some point previously it was greater than $1m.
     
    Darren Michaels, Mar 21, 2018
    #2

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