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Practice Exam 2 #17 and #22
by CK1 ·For Question #22a, I thought using the actuary's point estimate (or anything the actuary calculated) to calculate a materiality standard was not allowed. Am I confused about this? I thought the materi -
Fall 2015 #22
by lkto22 ·Hi for part a), In Opinion C, I thought key word "inadequate" should be used, instead of "are less than the min amt...", but solution didn't mention it at all. Do I have a point? … -
Fall 2017 #22
by zachboaz ·When we are giving our opinion, do we give 2 individual opinions on both net & gross and leave it at that? Or do we state (for this example) that net reserves are reasonable, gross reserves a… -
Fall 2018 #22a
by zachboaz ·For the Opinion here, why do the examiner's reports make no mention of unearned premium for long-duration contracts? If there is no mention of long-duration contracts do we just assume there aren't a… -
Spring 2016 #22
by JJJ ·For a, is it bc we are not given non-tabular discount/tabular discount, therefore PHS = TAC? -
Fall 2019 #22 - Propose language for opinion
by jchen0501 ·Why don't they mention the unearned premium reserves for long duration contracts? Is it because premiums are not in the question? -
Fall 2018 #22 b
by Owarnock ·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… -
Qualified Actuary
by luohuasheng ·Is the answer in the Examiner's report to the definition of qualified actuary outdated in 2016 Fall #22 part a, just like 2013 Fall #27 part a and 2016 Spring #20? In other words, I should answer as y -
Fall 2016 #22
by peteabbate ·Part (a) asks: