patbaker12
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Antarctica probably is one
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No not really what I meant. I'll try to give an example: Premium is $1000 and the sliding scale commissions are based off a 70% expected loss ratio. So on onset the reinsurer pays the insurer the 30% ceding commission. But let's say after 1 year …
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I should have also provided a source, these contradicting view points come from Spring 18 Q4, Part D. The definitions given for NFIP seem to be from outdated sources & the role of the Fed. isn't explicitly mentioned in the current Horn readin…
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Can you please correct the solution for Fall 2013 Question 4b as well.
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On page 114, "Given the benefit, this is one provision that is considered in the evaluation of whether a reinsurance contract transfers underwriting risk." I guess I worded my question a little ambiguously, but if funds held is considered for det…
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I relied on the actual Sch. F since the Odomirok notation for "D" seems to differ in what it actually represents. Col. 10 of the new Sch. F, Part 6, Section 2 represents .20 x "D" and is defined as "20% of Amounts in Dispute Excluded from Recoverabl…
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Quick note, I think that your formula in the notes for Section 2 is slightly off. I believe that we are concerned with paid recoverables in dispute greater than 90 days overdue
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Thanks Graham, good to know. I'm pretty comfortable with the other stuff. Just don't want to see a potential 5-pointer come up & not be prepared for it.
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Per the source (pg. 255 in the Odomirok text), the charge for Sch. BA Assets is: "0.200 times the book value for other long-term invested assets (Annual Statement Schedule BA assets) other than collateral loans"
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Cool, thanks Graham.
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If you'll take a look at Q10 Spring 19 I think that UEPR is laid out in a similar way which is why I was a bit confused.
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Very helpful, Graham!