easylifew
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Actually, I find out that in Fall 2017, #9.a, Sample Answer 5 does calculate the deferred income tax for Change in Unrealized Capital gain (loss) so there is no conflict with these answers. I think that the mistake in the examiner's report means tha…
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Thank you! It makes much more sense now!
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Now I am confused. R0 has a charge of 0.2% of "Collateral loaned in securities lending program" under "Non-controlled assets" of "Off-balance Sheet and Other Items". - Odomirok P254 R1 also has a charge for "Off-balance sheet collateral and Sched…
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By the way, I have a trick to remember R0 Off-balance Sheet Items: D.A.N.C.E D-> DTA A-> guarantee for Affiliates N-> Non-controlled assets C-> Contingent liabilities E-> collateral for sEcurities lEnding programs
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My hint is SAFECO ReP. A for cAt (also for Asset risk), Re for Reserves & P for Premium. Safeco Representative.
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Hi, I found an older post discussing the same question. https://www.battleacts6us.ca/vanillaforum6us/discussion/comment/391#Comment_391 I will go by this post.
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And since IRIS 7 needs to be recalculated, why does IRIS 8 not need to be recalculated? IRIS 8 = (Current Year's Adjusted Surplus - Prior year's surplus) / Prior Year's Surplus. It has the same denominator as IRIS 7.
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Actually, I think 1/2 (Investment Income Due & Accrued - Investment Income) may make more sense.