fall 2018 #16

stasstas
in Odomirok.8-9-IS

this problem says to calculate IRIS 7, change in surplus.

why do they include non-admitted assets in surplus calculation? ... in the examiners report.

Comments

  • grahamgraham

    To be more precise, it's the change in nonadmitted assets that are included in the surplus calculation.

    • If nonadmitted assets change, there is an impact on admitted assets
    • If admitted assets change, there is an impact on surplus

    I've listed this exam problem in https://battleacts6us.ca/wiki6us/Exam_Summaries]. It looks like an IRIS calculation problem but IRIS 7 is actually easy to calculate if you know the surplus. The hard part is calculating the surplus. For practice in calculating surplus, see BattleQuiz 4, BattleCard 2 in the wiki article:

    This is a practice template on calculating surplus.

  • stasstas

    oh right! totally slipped my mind
    thanks!

  • jasonchwjasonchw

    Is that "Investment gain attributable to capital and surplus" has included "Net realized capital gains before capital gains tax" so it is not considered in the calculation of chg of surplus?

  • Staff - ACStaff - AC

    investment income + realized capital gain

    =

    Investment gain attributable to insurance transactions +
    investment gain attributable to capital and surplus

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