kcrichards96

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kcrichards96
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  • I am confused about why the wiki says there is no change to regular surplus since the SAP retrospective gain will be treated as special surplus. On the balance sheet I see line 29: Aggregate write-ins for special surplus funds, which includes the sp…
    in SAP retro reinsurance Comment by kcrichards96 April 2022
  • Ok, I see it now, my bad, my eyes skipped over the clearly labeled "Table 76" in the wiki and jumped to the pop quiz/colors. It is on page 249. The latest linked version on the syllabus is 2020 edition.
    in Risk Magnitude Ranking Tip Comment by kcrichards96 April 2022
  • Is this table still in Odomirok? The wiki says page 244 but I don't see it. I tried searching some key words but could not locate it.
    in Risk Magnitude Ranking Tip Comment by kcrichards96 April 2022
  • Thanks for your help on this!
    in MSA Comment by kcrichards96 April 2022
  • so where would item 3: reinsurance recoverable on loss & LAE payments be on the balance sheet?
    in Fall 2017 Q14 Comment by kcrichards96 April 2022
  • Your statement above makes it sound like the special code is more for informational purposes, so just to clarify, we should reduce recoverables by special code 4 IBNR when calculating credit RBC, but should not need to do anything with it when calcu…
    in Odomirok 14-F Credit Risk Charge Comment by kcrichards96 April 2022
  • I am sorry for going back to this, but can you clarify that both item 3: reinsurance recoverable on loss and LAE payments, and item 6: net amount recoverable from reinsurers, are item 16.1 on the balance sheet? I find this confusing because all o…
    in Fall 2017 Q14 Comment by kcrichards96 April 2022
  • Would you be able to elaborate any more on special code 4 and what we would need to do with it? It says it is "exempt from the statutory provision for unauthorized reinsurance" and so does this mean we would only exclude this IBNR if we were calcula…
    in Odomirok 14-F Credit Risk Charge Comment by kcrichards96 April 2022
  • It looks like the example on page 14 of Felbum Surplus calculates equity in the unearned premium reserves as: acquisition expense ratio * written premium (25%*200, the UEPR in the problem is 100 and written premium is 200), but the actual answer of …
    in Liquidate or Continue Operations? Comment by kcrichards96 April 2022
  • The Final(ish) Premium Margin Formula has the following: (1 + y)-(1/2).... I believe the exponent should be raised to the positive 1/2... not negative.
    in Double Taxation Comment by kcrichards96 April 2022
  • thanks!
    in DTA Comment by kcrichards96 April 2022
  • Makes much more sense now. Thanks!
    in Deposit Accounting Comment by kcrichards96 April 2022
  • Separate question, but putting here since it is on retroactive reinsurance. The notes state that surplus is unchanged for GAAP for retroactive reinsurance. Is this because the liability established offsets the asset for reinsurance recoverables? Th…
    in SAP vs. GAAP Reinsurance Comment by kcrichards96 March 2022