Schedule P part 5

Part 5 is direct and assumed counts

If you have a 50% Quota Share agreement, both the primary and the reinsurer count each claim on their Schedule P (not 50% each).

However, I thought there was also rule that if the business was 100% ceded, then the primary should not record the counts in part 5. I've looked through Odomirok and COPLFR and can't find a source for this. Can anyone point me to the right material to support this, or that I am wrong?


Schedule P part 5