PaulKory
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I think you're right about the most likely case, but they've asked people to calculate the Provision for Authorized and Unauthorized before and it's not as if Certified is particularly more difficult if you avoid edge cases. Who knows!
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Looking over Odomirok one last time I think I over-simplified the answer to c. Apparently it's actually different from the Authorized case and isn't simply the uncollateralized recoverables but instead the uncollateralized recoverables that you got …
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Odomirok page 274 suggests 400%: Company “development factor” The reporting entity’s own loss experience is considered by adjusting the industry reserve RBC percent by the company “development factor” by line of business. This development factor…
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You wouldn't even have to be shrinking--just growing less than 10%! Fortunately the formula in Odomirok throws in a cap to avoid going negative: Average growth rate factor = Maximum (average gross premium growth over three years, 0.10) – 0.10
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You're correct that in both cases we need the capital, but the required amount is determined differently. In 2016F#18, the required capital is defined as 50% of the average nominal unpaid loss + LAE over the previous 12 months. For 2015F#19, u…
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Hm. I think you may be mixing up the loss payments and the capital a bit? See if this makes sense or not: The SCR from the 99.5th percentile is 350 and "held to the end of the period" so that's 350 each year for a cost of capital of 350*6%=21 per…
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Well, my unsatisfying answer is that the IRIS ratios aren't defined that way. If 4 is unusual for year X you recalc that year's 1,2,7,10,13 but there's nothing about checking the prior year's ratio 4 and using it to adjust ratio 11 (or the second pr…
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I don't think it's reversed? Pn90 is the late, not in dispute recoverables. In this case for A that's the one that was due Sept 1 (the others are in dispute or not 90 days overdue), so 6. Oh, wait, I think I see what you're saying--perhaps it …
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Actually, now that I go back and look, I don't think it's listed/colored as outdated in the BattleCards? It shows up in Quiz 5. (It is marked as outdated due to AMT in the BattleTable.)
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OK, thanks. (The wiki explicitly mentions that the AMTI part is outdated but doesn't mention the dividends, so I wasn't sure.)
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The examiner's report states that the dividends received from controlled companies shouldn't be included in investment income "per the paper." This seems reasonable enough, but I don't see it in Odomirok...can you confirm that this is still true? …
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Can you double-check the code? It seems to always accept 0 as an answer currently.
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Got it from Odomirok.16-17-SAO: All Qz-4 Ch 16 relevant comments: identify the items required in the RELEVANT COMMENTS section of the SAO Helped with 2016 Fall 23 b when it asked for four items from Relevant Comments not including the easy choice…
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Whoops, double-post.