zporiri
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Thanks for the quick and detailed response! That was helpful
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I'm just now seeing this change to the NII formula that I had memorized for a long time and I'm confused by a footnote #2 in the Total Net Income table on the wiki. It says: "Investment revenue includes realized capital gains but excludes unreali…
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Agreed, that was a very helpful explanation!
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I agree that logically it follows but it is nevertheless confusing and I'm trying to figure out how much to memorize to get full credit on the test, since that sentence from the 2014 Fall exam will be difficult to memorize all of. On 2019 Spring …
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Part 7 of this question asks about the name of appointed actuary. I got this wrong because I thought the AOS only had parts A-E, none of which are the appointed actuary's name. Is there some where I could see a sample AOS so I could see everything i…
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Would this be because the letter of credit is a guaranteed payment by the bank? Whereas funds held by the company may have to be returned?
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Also, part c doesn't list as "no effect if the company recovers". This is listed as an option on the wiki for Vaugh Crises though. Should I not put this as an answer if I get this question on the actual exam?
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I believe timing risks mean you cannot predict when the loss payments will be due, so there is a "risk" as to when you need to pay the claims. For example, if all loss payments will be due on Dec 31, 2022, this is not timing risk because you know…
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Ah, OK thank you, I was not thinking of it as a fronting situation. That makes more sense to me now.
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Yes, that's it! I was going off of the page number in the physical copy I bought from the CAS website. Maybe it has a different font size like you mentioned?
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I could be wrong, but I don't think any past exam problem has asked you to identify which part of the BS or IS a line comes from, so I don't spend much time on that quiz. But yes, that is an easy way to "cheat" on that quiz is by looking at the line…
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Page 139 of Financial Reporting also has a good explanation of Surplus Aid and explains a calculation of a previous exam problem that I found tricky about Surplus Aid
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Thanks jcam and Graham! Graham, was the ranking table the same for Fall 2021 and Spring 2021? (I don't see a ranking table for Fall 2021)
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No worries! Just wanted to bring it to your attention
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Ah, stopped reading one page too short lol. Thanks!
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On this problem, the excessive growth factor is multiplied by a .225 and I cannot figure out where this number is coming from. The number in the text on page 286 is .450, but this seems to be a problem-specific number, but I can't figure out how the…
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The Cook wiki states the following as a difference between JUA and RF: JUA: - policy is serviced by servicing carrier RF: - policy is serviced by insurer However, in reading the examiners report for 2017 Spring #6b, it sounds like the…
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Ah OK, I was looking for that info in the IRIS section, thanks.
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Perfect, thank you!
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Great tip, thanks!
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Awesome, thanks for the insight!
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Oh good, glad I'm not the only one who thought that was confusing! Lol
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Oh interesting! I hadn't made it to the source text for that chapter yet. Thanks!
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These are incredibly helpful for practicing, thanks Graham! Are there any plans to add exams from the years 2013-2016 to the excel format? The study material I used for Exam 5 had all of the previous exams in excel format and this was the primary wa…