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Hi,
I assign in the area in calculating claims recoveries. On the monhtly benefit that we paid , we have to recover an amount to reinsurer based on the table below. Code Retention Eff Date from Eff Date to 1 2500 1/10/2000 30/09/2007 2 4000 1/10/2007 31/10/2008 3 75% up to 8000 1/11/2008 present Review date - every 5th of December Using the table above, if we paid 5,000, we have to recover 25% which is $1,250. Could you please help me to create a formula using the above criteria? Thanks in advance Incident date - 27/01/2009 Monthly benefit - 5000 |
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