Exam DISC-IA Practice Question 5
Study guide: Exam DISC-IA
At year end an insurer's gross loss and LAE reserves are $64 million, and $15 million of that is recoverable from authorized reinsurers on unpaid losses. What amount does the insurer report as its loss and LAE reserve liability on the statutory balance sheet?
- A) $15 million
- B) $34 million
- C) $49 million
- D) $64 million
Answer this question and see the worked solution