graham
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I'm sorry, I don't quite understand your question.
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Yup, SAP is simple and tells it like it is!
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Actually, if the reinsurer always paid claims immediately, there wouldn’t be a need for a cash cushion from that particular perspective. A cash cushion is more relevant when there's uncertainty or delay in receiving payments or when the primary insu…
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Corrected. Thanks!
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Let's clarify the terms based on your description and the information from the source material: Commutation: * Your understanding is largely correct. In a commutation, the reinsurance relationship ends, and the ceding company takes back the …
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Those factors are given as part of the RBC framework and formulas. Here is the releveant portion of the source text:
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The operating income gain from recognizing negative goodwill (GAAP goodwill < 0) will typically appear as a "bargain purchase gain" under other income on the income statement, rather than as regular operating income. This is a non-recurring event…
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The BA practice exams are probably a little easier than the real exams so they are a good warmup for the real exams. The reason I think the BA exams are a little easier is that the real CAS exams often include a few questions that are "creative" …
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If I were creating the exam questions, I would not require candidates to memorize the RBC factors but part (b) of the following exam problem DID require you to have memorized the factors related to the calculation of R4 and R5: * https://battle…
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The exam question in the Battle Card is from the reinsurer's perspective and a payable is always a liability. (I think the way they worded the question may have been a little unclear since people may have thought everything was supposed to be from t…
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There is a contradiction between Mr. Hartwig's claims in paragraph 35 and the Task Force's stance in paragraph 48. Mr. Hartwig's Position (Paragraph 35): * He argues that price optimization does not unfairly discriminate and still aligns wit…
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Yes, I've corrected it. Thanks.
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Oh, ok. I see now what you mean by a 1-2-3 thing. I assuming we're good now!
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I'm not sure if this is what you're looking for but you can filter all the Infinite Calculation Problems here: * https://battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStat…
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Yes, the Porter 12 document explains conservation in the context of receivership. In Porter, conservation is referred to as "conservatorship," which is described as a type of receivership where the state insurance commissioner acts as the conservato…
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No, you have to be more selective in what you memorize regarding illustrative language. Trying to memorize 70 different paragraphs is far too much. Take a look at the Battle Table for COPLFR here: * https://battleacts6us.ca/wiki6us/BattleTables…
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That's a good idea. I added forum categories back to 2016 and inserted forum links in this table of exams: * https://battleacts6us.ca/wiki6us/Excel_Practice_Problems#Past_Exams
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There aren't any special requirements. I have tried it myself on different browsers on both a Mac and a PC and didn't have any issues. I'm not sure what to suggest. If you are using a work computer, there could be extra security on it. Even if it is…
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Hello @NancyHu I just tried quiz 2 from the IRIS ratios reading as you've indicated above and everything seemed to be working for me. Are you still having trouble?
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The SAO and AOS got reversed in that question. I have corrected it. Thanks.
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I have forwarded this to the appropriate staff member for review and it should addressed promptly. Thank you for pointing this out.
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Those Multiple Choice questions should have been placed in the "Multiple Selection" category. I have adjusted them so there is now only 1 correct answer. Thanks for pointing this out. (This is the first exam cycle with the new question types so w…
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Correct, thanks!
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To make this clearer, I added a footnote to the Battle Table that links to the updated solution in the wiki. Thanks. Here's a link to the Battle Table with the updated footnote: (then scroll down to the bottom to see the footnotes.) * https:…
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Sure, a pooling arrangement can artificially inflate the gross premiums written, thereby distorting IRIS Ratio 1 and potentially misrepresenting the insurer’s financial stability and risk exposure. Also, the policyholders’ surplus used in the den…
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The text references are confusing on this. A strict interpretation of the text is as you described where if the "reinsured portion" is fully transferred then this passes the substantially all test, even if the quota-share percentage is only 1%. B…
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Yup, here's the link to the location of the SAO example in the wiki. It's a PDF labeled as "Mr. Smith's SAO": * https://battleacts6us.ca/wiki6us/Odomirok.16-17-SAO#SAO_Example (You have to be logged in to the main part of the site for the l…
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Right, your perspective broadens as you work through the various readings. You'll begin to get a better sense of what's important what is less so as you get further along.
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About your first question where you noted: * Exhibit of Net Investment Income, line 11 = 399,000 * U&I Exhibit Part 3 line 25 column 3 = 393,000 So there is a discrepancy of 6,000. You are doing what I did when I first learned this mat…
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Oh yes! But here are a few things to consider: * This question was worth only 0.25 pts so not a big deal if you miss it. * They did give you an "out" with an easy answer. * The examiners' report seemed to imply that many candidates missed thi…