View source for Odomirok.11-GenInt

'''Reading''':  Financial Reporting Through the Lens of a Property/Casualty Actuary - '''Chapter 11''' - '''General Interrogatories'''

'''Author''': ''Kathleen C. Odomirok'', FCAS, MAAA, ''Liam M. McFarlane'', FCIA, FCAS, ''Gareth L. Kennedy'', ACAS, MAAA, ''Justin J. Brenden'', FCAS, MAAA, ''EY''

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|| '''BA Quick-Summary''': <span style="color: green;>'''General Interrogatories'''</span>

The General Interrogatories are a '''series of questions''' included in the statutory Annual Statement of an insurance company. There are 2 parts:

* '''Part 1''': common questions for <u>all</u> types of insurers
* '''Part 2''': specific questions for <u>property/casualty</u> insurers.

The '''purpose''' of these interrogatories is to provide additional clarity and identify areas that might require further regulatory review such as:
* company operations
* financial conditions
* exposures to catastrophic events

|}

==Study Tips==

Spend no more than 10 minutes on this chapter.

==BattleTable==

* ''this reading has not been tested on any exam from the year 2012 to Fall 2019 when the exams stopped being published.''

: {| class="wikitable" style="width: 1000px;"
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! style="width: 175px;" | reference !! part (a) !! part (b) !! part (c) !! part (d)

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|| ''no prior questions''
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|| 
|| 

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==In Plain English!==

The '''purpose''' of the ''General Interrogatories'' is to provide further information on: [Hint: <span style="color: red;">'''COB'''</span> - ''yummy like corn-on-the-'''cob''']
: <span style="color: red;">'''C'''</span>ontrols ''(both internal & external)''
: <span style="color: red;">'''O'''</span>perations
: <span style="color: red;">'''B'''</span>usiness practices

And here are a few examples of '''items''' discussed in the ''General Interrogatories'': [Hint: <span style="color: red;">'''R-MESS'''</span> - ''the interrogatories are a '''mess''' of further information]
: <span style="color: red;">'''R'''</span>egulatory exams
: <span style="color: red;">'''&nbsp;&nbsp;&ndash;'''</span>
: <span style="color: red;">'''M'''</span>erger activity
: <span style="color: red;">'''E'''</span>xemptions from regulations
: <span style="color: red;">'''S'''</span>ales commissions - ''whether they're excessive just to acquire business''
: <span style="color: red;">'''S'''</span>uspension of licenses - ''if applicable

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