zachboaz
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Also, this is only for Direct EP so no assumed EP would be included here then?
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Spring 2019 #10 is a problem where the solutio has you sum net UEP reserves over 2 years and they are actually even given as "Calendar Year Premiums" so now I am back to not fully understanding this.
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mec06e, In the actual problem of Spring 2016 #15, they only give you one value of Unearned Premium and they put it in the "Balance Sheet" portion of the information given. Because it is a balance sheet item you know its CY & not AY so you don't …
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Spring 2019 #10 is another one very similar to Spring 2016 #15. We are supposed to know to sum the amounts from both years given, just seems odd to instinctively know to not do that for Fal 2017 #10. There must be some que I am not catching on to.
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Staff - AC, when you say "the pools do not assign policies to insurers," directly contradicts the Spring 2015 #8c accepted answer of 'both assign high-risk insureds to specific insurers" when discussing similarities between ARPs & JUAs. An ad…
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I gotcha, noted. Sorry for the confusion, I was just going based off the Odomirok SAO wiki.
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That seems odd, so there is no point for the COR given here then? It seems since we know the COR is > 120% and we know the action level is CAL then surplus could range from anywhere that corresponds to an RBC ratio of 150% to 300%. Given that …
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The "must" is what is throwing me off here. Why MUST they produce both if both are not required in the AOS?
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So, if we are asked for an alternative to the risk-free rate for a RT analysis and an advantage of that, what do you think a sufficient response would be? It sounds like you're saying BattleCard 51 wouldn't get credit on the exam.
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I am just defining p_T as the increase in taxes paid for the primary and then subtracting it off from the mutual benefit equation. Where BattleActs is defining p_T as the decrease in taxes paid for the primary and then adding it to the mutual benefi…
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so p_T is really just (change in taxable income for primary) x (tax rate for primary)? it seems odd to add p_T to (price - ceded reserves), and then flip the equation for change in taxable income for primary. Would it be wrong to just say: Price …
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So when calling them assets in Total Investable Assets does not refer to assets of a balance sheet but instead amounts that we have available to invest. It does seem very nonintuitive to include liabilities in a term called Total Invest Assets as Ja…
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Yes, thank you
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For one of the bullet points of certified reinsurer it mentions that "any reinsurer that would've been unauthorized prior to 2012" should that really be authorized? Otherwise anyone that "would've" been categorized unauthorized is just automatically…
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I am seeing mixed information online regarding if voluntary pools would be affiliated or unaffiliated. Based on this problem, the answer took voluntary pools as unaffiliated -- is this always the case for this exam?
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And what information that is given would tell you that the net UEP is a single balance for all AYs since you're given an amount in each column, the same way you are for for the other items. Not sure how I would come to that conclusion on my own with…
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For this same problem, are we just assuming the provision for reinsurance is 0 since we weren't given it or the information necessary to calculate it? The provision for reinsurance would typically be included in the 2014 year-end statutory liabiliti…
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Judging by the the interactive PH Surplus calculation for #34 of the Full BattleQuiz (modeled after Fall 2017 #10), Dividend to PH is not included in other income. We were given an actual amount for Other Income here but still had to strip out Divid…
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I may have the answer to my question after looking at the NAIC.IRIS forum. I just would like clarification to make sure my thought process is correct: * In Fall 2018 #16, is the "net realized capital gains before capital gains tax" included som…
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nevermind, I figured it out drawing a diagram to realize subtracting the incurred columns does result in loss reserve development
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I am also confused how we can simply take the differences from the incurred table. Is that not just simply loss development as opposed to "loss reserve" development? To find development in the actual loss reserves would we not have to account for pa…
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Thank you for the clarification! So, is (pre-tax profit excluding InvGain) + InvGain(Insurance Transactions) + InvGain(Capital & Surplus) = Total pre-tax Profit (Loss) Really, what I am asking is: In the Main Formula is the Total Profit (Loss…