07-26-2002, 11:39 AM
Has anyone ever been asked to write an opinion for the sufficiency of premiums, say, for starting a captive? Basically the premium is supposed to cover the reserves for one policy year, on an ultimate basis though. Anyone seen this done? Can it be? It's different because it's not a statement of reserve adequacy as of a certain date, but it's still attesting to ultimate reserve adequacy. Anyone hear of this? Need ASAP. Thanks guys. Will also post under General Actuarial and on the WC.