Pembahasan Ujian PAI: A40 – No. 19 – Juni 2010

• collected income is the amount of income received in cash during a reporting period, including certain adjustment for amortization
• unearned income , a subset of collection income is income that has been collected but not yet earned
• deferred income, is income due after the annual statement date but before the next policy anniversary
• uncollected income (due income) is income that is scheduled for receipt before 31 december but which the insurer has not received as of december 31
• accrued incime, is income that the insrer has already earned but which is not receivable until a specified date in the next fiscal year ( that is after 31 december)
• non admitted income for US insurers consist of an insurer’s due income that is overdue for more than a specified period, for three months to 2 years, as prescribed by state insurance law

^[1] Mulligan, E. and Stone, G. (1997). Accounting and financial reporting in life and health insurance companies. Atlanta, Ga.: Life Management Institute, LOMA.