reserving risk charge - non-tabular discount

[FourKicks]

why does TIA say we need to add non-tabular discounts back in if the reserves come from sched p part 2? sched p part 2 is already gross of all discounts. can anyone clarify?

[FromDowntown]

The video states that the Balance Sheet and part 2 reserves are both net, while part 1 is gross, so you don't need to make the adjustment for part 1, but you do for the B.S. and part 2. It's always good to state your assumption anyway that they are gross/net of the non-tabular and proceed.

[PCKS]

Originally Posted by FourKicks

why does TIA say we need to add non-tabular discounts back in if the reserves come from sched p part 2? sched p part 2 is already gross of all discounts. can anyone clarify?

Because TIA made a mistake. Check their errata.

Sch P part 2 is gross of non-tabular, therefore no need to add it to the RSV.

I believe only sch p part 1 and the BS are net of non-tabular

[FourKicks]

Originally Posted by PCKS

Because TIA made a mistake. Check their errata.

Sch P part 2 is gross of non-tabular, therefore no need to add it to the RSV.

I believe only sch p part 1 and the BS are net of non-tabular

holy crap! this errata is loaded. on july 22nd he said he'd fix the video. you're killin me, angelo, you're killin me.

[gaddy]

Originally Posted by FourKicks

holy crap! this errata is loaded. on july 22nd he said he'd fix the video. you're killin me, angelo, you're killin me.

So, I feel dumb. Can someone point me to the errata?

[Bobby]

Originally Posted by PCKS

Because TIA made a mistake. Check their errata.

Sch P part 2 is gross of non-tabular, therefore no need to add it to the RSV.

I believe only sch p part 1 and the BS are net of non-tabular

I thought sch p part 1 was gross of non-tabular.

[PCKS]

Originally Posted by Bobby

I thought sch p part 1 was gross of non-tabular.

You are right.

I think schedule p part 1 is gross of non-tabular except the last two columns, where they take out the nontabular discount. However, I can't verify this since I haven't seen any AS that has non-tabular discount.

[booyah81]

Sch P is gross non-tab discs.

[booyah81]

Study guides, Intro.

[gaddy]

Originally Posted by booyah81

Study guides, Intro.

thx