Asset Line 15.2 - Question on deduction per instruction

[Seth]

The accounting and presentation for assumed prems receivable on Page 2 mirrors the accounting for Direct except in this instance.

SSAP 62R and the Instructions are saying this:
1.If you receive assumed prems before the contract effective date the credit is to Advance premiums (similar to Direct)
2. If you receive assumed prems after the effective date but prior to the due date 62R requires adjusting line 15.2 where EBUB adjustments go through (basically offsetting the amount that should be in line 15.2 as a future receivable).

Once the due date arrives the receivable on 15.2 and the EBUB credit will each reverse.