Spring 2016 #25 part B

mec06emec06e
in COPLFR.SAO

in the COPLFR.SAO article there is the following statement:

Also added for 2022-Fall: There's a new note saying, "Schedule P reconciliations often include complicated mapping of the data used by the Appointed Actuary to the data within Schedule P." This mapping should also be included in the AA report."

I noticed this is also in the CAS answer key for part b #4

Comments

  • grahamgraham

    Reconciliation to Schedule P has always been part of the SAO, which is what's mentioned in that exam problem. This new "complicated mapping of data" looks like a much more detailed explanation versus a simple reconciliation.

  • JJJJJJ

    For b, should #4 be checked for SAO?

  • grahamgraham

    No, the SAO is a high-level summary that accompanies the more detailed actuarial report. So details of the reconciliation would not appear in the SAO.

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