graham
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Great! I've added your name to the link to this post below the table in this section: * https://battleacts6us.ca/wiki6us/Odomirok.16-17-SAO#The_Boring_Details_.28Yawn.29 Thx! You are slaying the beast!
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That's a reasonable question and I'm afraid I don't have a good answer. The readings on the Exam 6 syllabus are frequently updated but the general content has been the same since before the exams had stopped being released. For that reason, I'm stil…
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Apologies for the delay in answering. Personal emergency. I will post an answer on Friday, Jan 26. Friday Jan 26, 2024 * There is no significance to the difference in numbering. Exhibit B numbers the disclosures from 1 to 13. But in the Batt…
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That is correct. It is no longer on the syllabus. Do you see any references to it that need to be deleted?
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Awesome, thanks!!!!
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The study times I've given are intended as rules of thumb. A reading where I recommend 2 weeks is one where you should spend significant time whereas as reading that recommends only 1 hr is one that can be covered in literally 1 hr. If I had to p…
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Sorry it took me a few days to answer. For some reason, I didn't see your question. Company Action Level is an RBC concept so if you're doing the readings in order, you may not have studied that material yet. The wiki reference to action levels i…
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What you've noted regarding the wiki and source text is accurate, so A&E might not be the best first choice if a questions asks you for risk factors for personal lines. But also consider this: * While A&E losses might not be the most pr…
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The question's wording, "fully describe the reconciliation of this data as provided in discussion and guidance around the NAIC Annual Statement Instructions," implies that there is an expectation for the candidate to explain the process as it is gui…
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I have inserted footnote 5 in the BattleTable here: * https://battleacts6us.ca/wiki6us/Odomirok.26-Taxes#BattleTable And that footnote links back to this discussion thread.
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1. Amounts recoverable from reinsurer: This is typically an asset on the balance sheet of Company A. It represents the amounts that Company A expects to recover from its reinsurer (Reinsurer B ) for claims that Company A has already paid. Essentia…
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Assuming you're referring to practice exam 2, then "relevant comments" could also be acceptable depending on the details someone is looking for. Many of the topics in the SAO are discussed in multiple sections. There is often one particular section …
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https://battleacts6us.ca/video/animations/animation_cat_99.mp4
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Doing a flip into an empty pool ==> See Darwin Awards: * https://darwinawards.com/
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I've added a clarification in "Note 2" in the wiki here: * https://battleacts6us.ca/wiki6us/Odomirok.14-F#Calculation:_Provision_for_Reinsurance
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Actually, I might as well just post the message I have been sending. Here it is: * Apologies: We used to have cheat sheets but the syllabus has been changing too quickly for us to keep up for this cycle. We are working on a comprehensive set of…
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I sent you a private message. See the envelope just below your name in the top left corner.
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Corrected, thanks!
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The forum is always open. The frequency with which our staff monitors and answers questions may vary according to the time of year however. It is monitored daily in the 8 weeks leading up to the exam, but less frequently immediately following the ex…
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On a question like this, the safest option would be for you to say that the data provider has to be an officer of the company, and then specifically state whether you think the person’s title implies whether they are an officer or not. That way you …
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Sometimes I'm not totally sure and I must have changed my mind at some point about whether parts (a) and (b) were still valid. I think the whole question is mostly likely invalid since parts (a) and (b) were specifically setting you up for part (c),…
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I'm not sure if "Vice President and Chief Actuary at Company A" would necessarily qualify as an officer: * An "officer" of a company is an individual who holds a formal, high-ranking position within the company and is granted specific legal, fi…
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Corrected, thx!
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I would definitely memorize these formulas: See also this exam problem for an example of where you had to calculate the growth charge: * https://battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(15)_v2.pdf
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I've changed "insurers" to "reinsurers". Thx!
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I'm not sure I understand your answer. The question is asking what the AA might include in the relevant comments for reinsurance collectibility. But here are some further valid answers in addition to management input, financial strength ratings, and…
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You're welcome!
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You can now find an updated solution in Excel to this problem. It is in footnote 4 of the BattleTable for the tax chapter (Chapter 26) of Odomirok: * https://battleacts6us.ca/wiki6us/Odomirok.26-Taxes#BattleTable
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The syllabus does not mention anything about "cash flow" or "cash flow statement". Below are the Learning Objectives and Knowledge Statements from Section C of the syllabus for "Financial Reporting and Taxation". Note 1: The cash flow stateme…
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I'm not sure if it was a mistake but it's probably not the best answer that could be given. Here is something more detailed than the exam question would require but that explains the differences more fully: When it comes to commenting on adverse …