Page 127 - IC46 addendum

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counting policies require 15. d. a and b
it to recognise all obli- 16. d. a and b are correct
gations and rights aris- 17. c. Only a
ing from the deposit 18. b. Profit or loss
component, regardless 19. e. Both a & b
of the basis used to 20. d. Only a & b
measure those rights 21. e. Both a & b
and obligations. 22. e. All of the above
13. d. If an insurer cannot 23. d. All of the above
measure the deposit 24. d. All of the above
component separately 25. e. All of the above
14. a. A cedant receives com- 26. d. I, ii, iii
pensation for losses 27. a. Financial statements
from a reinsurer, but the 28. e. Also should be dis-
contract obliges the
cedant to repay the closed
compensation in future 29. c. AS 103
years. That obligation 30. b. 8
arises from a deposit 31. d. All are correct
component. 32. b. End

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