fall 2018 #16
this problem says to calculate IRIS 7, change in surplus.
why do they include non-admitted assets in surplus calculation? ... in the examiners report.
It looks like you're new here. If you want to get involved, click one of these buttons!
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
To be more precise, it's the change in nonadmitted assets that are included in the surplus calculation.
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.
oh right! totally slipped my mind
thanks!
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?
investment income + realized capital gain
=
Investment gain attributable to insurance transactions +
investment gain attributable to capital and surplus