TMI BlogInsurance company - Adjustment of Negative Reserves - The negative reserves would be nothing but premium...Insurance company - Adjustment of Negative Reserves - The negative reserves would be nothing but premium receivable by the insurance company. However, there would always be a chance that policyholder might not continue with the insurance polity bought by him which would result in non-receipt of premium which was otherwise receivable by the insurance company. Therefore, the same could not be taxed. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
