Category: IC46 GENERAL INSURANCE ACCOUNTS PREPARATION – 22

Que. 1 : Q1) Which basis is adopted where it takes a long time to determine the underwriting result with a reasonable degree of certainty and under this basis, a fund is created for each underwriting year?    1.  a) Annual Basis of accounting    2.  b) Fund Basis of accounting    3.      4.   Que. 2 : Q2) When the primary insurer […]