LfRC - GMM - CSM Quick Example

[@dianwicaksono3827]

What is LfRC stands for ?

[@realvalueconsulting]

Hi Dian - it stands for the Liability for Remaining Coverage. Basically meaning that it's the portion of the insurance obligations relating to the unexpired part of the policy. For example, if you have a 12 month policy and you are 9 months into the policy term, then the LfRC will relate to the insurance obligations attaching to the final 3 month term (the future) and the LfIC relates to the expired 9 month term (the incurred term).

[@bungdedy]

In the second year, how you got 75?