CTHRepealedLegislation
Financial Sector (Collection of Data) determination No. 23 of 2005
2. Reinsurance expense - Direct & Inward2. Reinsurance expense - Direct & Inward treaty
Start here
Get a plain-English read of 2. Reinsurance expense - Direct & Inward
Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) determination No. 23 of 2005.
2. Reinsurance expense - Direct & Inward treaty
Premium ceded to reinsurers is recognised fully as an expense when contracted (i.e. it is not to be amortised in accordance with the pattern of reinsurance service received). A spilt between direct and inward treaty business is required.