mec06e
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the excel example problems have negative free surplus in the solutions. So I just want to make sure I answer this correctly would it be 0 or the negative number? 0 seems more logical to me since if the IRFS assets are less than the solvency capit…
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Hi zachboaz, yes I agree the Spring 2019 # 10 is a perfect example showing we sum all the AY for the liabilities. somebody even asked about this question in the forum for Spring 2019#10 and the response from Staff - AC was: "The two years used f…
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I'm sorry I'm still a bit confused here, the columns in the BattleCard are CY/AY-1 & CY/AY. If the CY/AY column is providing all the UnEP for the CY. Than what is CY/AY-1's UnEP for? Above it looks like you are saying it's CY-1's Un-EP but th…
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I was just reviewing the excel problems you have put together for IEE and there is one modeled off of this question: for the general expenses why aren't you using 50% of them (with the assumption 50% are in pre-paid expenses) like we did in Fall…
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Hi you keep referring to the first table. But in the battle card labeled "SAP Liabilities" there is only 1 table. on the exam Spring 2016 #15 is organized very differently than the Battle Card. I believe that is where the confusion above is comin…
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these pages aren't all that straight forward. it appears that the charge is split between R1 & R2 based on what portion of the securities are for fixed income vs equity. would you add anything else?
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the first paragraph is straight from the RBC wiki. the rest are my comments.
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I think I figured out the reserve adequacy - the R4 charge is just to capture the capital required for those reserves, it does not add in a charge for if the reserves are too low.
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in that instance I believe the risk is assigned to the one servicing carrier. in many instances the JUA uses one of the insureds in the voluntary market as the servicing carrier. But the JUA can also use a number of insureds as servicing carriers.
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I just came across the Battle Card that I was thinking of, it is in Feldblum.Ratings - it's from the previous CAS exam 2013.Fall #7b: identify similarities & differences between 'interactive ratings' & 'public ratings'
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yes, but can't a company choose not to partake in the interactive part of the rating and received a public rating instead? The public rating would inherently be a worse rating than an interactive one because the company would not be able to give …
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Thank you!
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my answer was both or neither - neither if they only opined on gross. both if net was opined on. I was just surprised that wasn't in the examiner's report
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for "i. Booked net loss and loss adjustment expense reserves" what if the AA is only opining on the Gross amounts?
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I also feel like you should remove the .1 that is in the wiki article next to reinsurance recoverable since that is not actually the charge anymore.
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ok I see what you are saying, but the text is very hard to follow for the calculation of the reinsurance recoverable charge. I believe I have a formula but would love to know if you agree: RBC charge for Reinsurance Recoverable = (Credit Risk on …
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are you referring to: "From its inception, the RBC formula applied a simple 10% loading to all eligible reinsurance recoverables." so the RBC factor is a .1 for both R3 & R4 calculations if we are given the RBC charge for reins recoverables t…
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sorry somehow I missed the Staff response to the question above. I'm curious how do you want Battle Card questions asked. the title to my question is the BC question. I guess I was assuming you knew that BC stood for Battle Card but I feel like I…
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Is it because it was really a 25% LR and not a 25% loss to the company?
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in the same question the bullet "rating agencies: review reliance on rating agencies in the RBC system" I can't seem to find anything on rating agencies in the Odomirok.19-RBC article. There are other articles that talk about rating agency issues…
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ok I think I found the problem, the time laps is auto set at a max 10 days could the defaults for the selections groups be set in a way that all cards show unless something else is selected?
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I think the battle card filters on color coding aren't working properly. I color coded a bunch of cards to aqua, when I select all reading sections "Select All" and the color aqua nothing is coming up (i did a quick look and in the first few lesso…
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so now the dividend piece is also outdated right? meaning the Tax Bases for investments would just be = 20*.25 20 being the interest on the municipal bonds
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I think i figured it out I needed to include the mortgage bonds in row 8
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on question 16, can you explain how you got to 1,153 for the ACC for R1. the solutions doesn't have any of the formulas only hard coded numbers I have the sum product of the amounts issued by top 10 insurer for classes 2 through 5 and there a…
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thanks that makes sense
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is there an admitted asset list that I'm missing in the wiki articles?
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to calculate pre-tax profit/loss why do we subtract out taxes, licenses & fees isn't that making the profit/loss post-tax?
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I would have thought it would be in the list under, Calculating the Admitted Assets The solution is basically straightforward but there are lot of little details you have to remember: * agents' balances > 90 days past due are not admitted…
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yeah I was really focused on those heading so I was getting all twisted around trying to pull out just indemnity data.