Prepare for the CAS Exam 6 with detailed study materials. Use flashcards and multiple-choice questions, each with hints and explanations, to get exam-ready!

Multiple Choice

Which of the following is a part of Schedule F?

Schedule F deals with reinsurance recoverables—amounts the insurer expects to collect from reinsurers for ceded claims—and includes an aging of those ceded recoverables. The aging shows how much is current versus overdue, helping assess collectability and potential collateral needs. That direct focus on amounts due from reinsurers is why aging of ceded reinsurance belongs on Schedule F. Unallocated Loss Adjustment Expenses are expenses tied to claims handling and typically appear on other parts of the statements (not as reinsurance recoverables). Reinsurance payables are liabilities to reinsurers rather than assets to be collected, so they’re not posed as aging recoverables on Schedule F. Policyholder dividends relate to policyholders and sit outside the reinsurance information captured in Schedule F.

Schedule F deals with reinsurance recoverables—amounts the insurer expects to collect from reinsurers for ceded claims—and includes an aging of those ceded recoverables. The aging shows how much is current versus overdue, helping assess collectability and potential collateral needs. That direct focus on amounts due from reinsurers is why aging of ceded reinsurance belongs on Schedule F.

Unallocated Loss Adjustment Expenses are expenses tied to claims handling and typically appear on other parts of the statements (not as reinsurance recoverables). Reinsurance payables are liabilities to reinsurers rather than assets to be collected, so they’re not posed as aging recoverables on Schedule F. Policyholder dividends relate to policyholders and sit outside the reinsurance information captured in Schedule F.