Exam DISC-IA Practice Question 16
Study guide: Exam DISC-IA
A workers compensation policy written January 1 for $24,000 is billed in twelve monthly installments of $2,000 at the end of each month. The insured pays nothing. At June 30, the six billed installments are unpaid, and the six not yet due are matched by $12,000 of unearned premium. Under SSAP No. 6, how much of the premium receivable is nonadmitted at June 30?
- A) $2,000
- B) $6,000
- C) $12,000
- D) $24,000
Answer this question and see the worked solution