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    Thanks .Godspeed.! I thought IBNR was 20% of...

    Thanks .Godspeed.!

    I thought IBNR was 20% of Case loss reserve not total loss reserve. The question is not clear enough.
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    10,499

    Fall 2005 exam multiple choice question #2

    Does any one know why the answer is C (at least 62,500, but less than 70,000)? My answer is 75,000.

    Here's the question:
    Cal yr 2004 paid ulae = 25,000
    Loss reserve at 12/31/2003 = 1,000,000...
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