mnrber
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I’m pretty sure only SAP is capped at 10% of acquiring’s surplus, not GAAP.
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https://www.battleacts6us.ca/wiki6us/NAIC.SSAP-9 Type I: If the events that gave rise to litigation had taken place before the balance sheet date and that litigation is settled, after the balance sheet date but before the financial statements ar…
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I don't see a way to delete my post, but I found lots of tips at the top of the Wiki for what to memorize. Thanks!
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Is it because an asset is created for the deferred gain amt and it equals the liability exactly?
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I'm wondering if this example should have a footnote in the BattleTables saying it's not relevant anymore cuz this table was removed from the reading. (I spent way too much time trying to figure it out till I realized that I don't need to ) Thanks!
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For this example, why doesn't the Reinsurance Recoverable from Contract #2 get added to the Credit Risk Charge for Non-Invested Assets as "amts receivable relating to uninsured plans"?
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When computing the RBC, I multiplied all "company current NWP" and all "NWP RBC after discount" by 1000 since it says ($000) but this led me to a final R5 that was 1000x larger than it should've been, compared to the other RBC charges. Is RBC always…
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Thanks!
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Would all three types of extended reporting endorsements (fixed period, indefinite period, DDR provision) be included in Item 12 of Exh B and discussed in Relevant Comments? (I'm asking because when defining DDR Provision, COPFLR states "This is a…
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If the actuary produces only a point-estimate, how can he ever issue a 'reasonable' opinion? Wouldn't the carried reserves always be higher or lower than the point-estimate?
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Why isn't the tax impact considered in this question, for adjusting PHS?
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So can we say that there are two ways of finding Inv Income for PHS: 1) Net inv. income earned + Net realized capital gain 2) Inv gain from funds from ins transations + Inv gain from capital & surplus - capital gains tax
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The example info says that the "% of written premium on assumed loss sensitive retro-rated plans" is 4% for WC. So why is all the Gross premium listed as "Direct"? Shouldn't the table on top say "Direct & Assumed"?
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Thanks
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So I'm imagining a Surplus Lines Insurer in DC that wants to write suplus covg in NY. Based on p1.2, in order to write in NY as a foreign surplus lines insurer, the company must be authorized in DC to write surplus covg. So the company gets auth…
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"Domestic Surplus Lines Insurance Companies (DSLIs) Ian-the-Intern was surprised when he found out that a surplus lines carrier is generally not able to write surplus lines insurance in its state of domicile, but many states are changing their laws…
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Prior to the SEUA decision in 1944, the Sherman Act didn't apply to insurance. Does that apply to the Clayton Act and Robinson-Patman Act too?
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I think BattleCard 19 in the Ch 22-23 Wiki still has only one S for both definitions (I came to the discussions to ask about that)
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Sorry, I meant to write R1 Charge for Bonds So: R1 Charge for Bonds + BSC = Sum[Factor * Bond Carrying Val] * [1+BSF]? Or are there bonds that are not subject to the BSF that are not US govt bonds (which have factor of 0)?