Why don't they mention the unearned premium reserves for long duration contracts? Is it because premiums are not in the question?

Thank you for the response; however, I still think that this section has a typo in the wiki in the footnote #2. I am not asking about the difference between net income earned and net income gain. I un

Note 1: These 4 problems were generated with random numbers and problem #2 had a negative base RBC charge for WC. This negative charge for WC should probably be set to 0 before combining it with the c

So I was trying to figure out why this problem included EP in invested income but we didn't for 2017F #21.

I'm just now seeing this change to the NII formula that I had memorized for a long time and I'm confused by a footnote #2 in the Total Net Income table on the wiki.

Part a & b is really confusing to me. It's not mentioned in Wiki. I can't find it anywhere besides this exam. Could you let me know where I can find the orginal source where those 2 questions…

fall 2018 #23b

The examiner reports says that the specific years during which the adverse development were over 5% need to be explicitly stated. I feel like I've done a lot of these problems from past exams and the…

part c of this question asks us to identify 4 risk factors AA might consider when preparing SAO for a personal lines carrier. The examiner's report lists a common mistake as including "impact o…

in the COPLFR.SAO article there is the following statement:

1 - battle card "(T/F) in an economic downturn, a shift to lower credit scores causes higher premiums for everyone"

The question asks you to identify four items form the table that must be included in Exhibit A of the SAO. In Mr smith's example, there is also a Premium Reserves section. If the table has included d…

When looking at risk of material adverse deviation, do we focus solely on net reserves? Or do we also apply the materiality standard of 50% * 7000 = 3,500 to the direct and assumed reserves (e.g. doe…

In this exam question, we need to give examples of errors / omissions from the provided SCOPE statement. The examiner's report mentions that a common error was suggesting "the basis of reserves…

I did not know that the reinsurance described in this question counts as retroactive. Is a LPT a type of retroactive reinsurance, and if so, where can I learn more about them?

The question is to identify four items the actuary should disclose in the SCOPE paragraph. In the sample answers, Intercompany pooling is not included. Would that have been counted as incorrect? If s…

Could you explain how you get 300000 for reserve commuted? Thx

For this example, why doesn't the Reinsurance Recoverable from Contract #2 get added to the Credit Risk Charge for Non-Invested Assets as "amts receivable relating to uninsured plans"?

I'm confused when reviewing the example problems when comparing 2017 Spring #20 b and 2015 Fall #19 b. With regards to determining what regulatory action is required, for 2017 the discounting of est

Odomirok chapter deals with IFRS 17. From my read, the particular elements questioned in #20 are not covered in Odomirok. So, #20 is marked as outdated.