ASOP 43: Unpaid Claim Estimates Flashcards Preview

Exam 6 > ASOP 43: Unpaid Claim Estimates > Flashcards

Flashcards in ASOP 43: Unpaid Claim Estimates Deck (4)
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1

Unpaid Claim Estimate Analysis: Methods

Purpose, Nature of claims, characteristics of data

2

Scope of Unpaid Claim Estimate

Intended measure, discounting, gross/net of recoverable, extent of reinsurance collectability risk

3

Unpaid Claim Estimate condsiderations

Reasonableness, multiple components, presentation

4

ASOP 43 Disclosures

Intended purpose of estimate
Significant limitations
Scope
Accounting, Valuation, and Review Date
Significant risks/uncertainties
Significant events