NAIC.SSAP-63 - Revision history

Graham at 15:53, 27 January 2026

2026-01-27T15:53:07Z

Graham: /* Lower Probability Exam Items */

2026-01-26T00:56:03Z

‎Lower Probability Exam Items

Graham: /* Disclosures */

2026-01-26T00:54:42Z

‎Disclosures

Graham: /* Some Extra Stuff */

2026-01-22T01:18:57Z

‎Some Extra Stuff

Graham: /* Study Tips */

2026-01-22T01:17:02Z

‎Study Tips

Graham: /* POP QUIZ ANSWERS */

2026-01-22T01:16:19Z

‎POP QUIZ ANSWERS

Graham: /* Some Extra Stuff */

2026-01-22T01:16:11Z

‎Some Extra Stuff

Graham: /* Some Extra Stuff */

2026-01-22T01:15:35Z

‎Some Extra Stuff

Graham: /* Some Extra Stuff */

2026-01-22T01:14:04Z

‎Some Extra Stuff

Graham: /* Disclosures */

2026-01-22T01:12:23Z

‎Disclosures

@@ Line 77: / Line 77: @@
 :: - premiums & losses are shared according to a quota-share reinsurance agreement
 :: &nbsp;&nbsp; ''(pooled business is <u>ceded</u> to the '''lead''' entity, then <u>retroceded</u> back to the pool participants in accordance with their quota-share)''
-:: - see ''[https://www.battleacts6us.ca/vanillaforum6us/discussion/278/naic-ssap-63 this forum post]'' for a question on intercompany pooling from an SOA exam
+:: - see ''[https://battleacts.discourse.group/t/naic-ssap-63/2663 this forum post]'' for a question on intercompany pooling from an SOA exam
 ===Accounting===

← Older revision		Revision as of 00:56, 26 January 2026
Line 123:		Line 123:

	=== Lower Probability Exam Items ===		=== Lower Probability Exam Items ===
		+
		+	And here are a few other tidbits just to round out this wiki article. Just read them over a few times.

	{\| class="wikitable"		{\| class="wikitable"

@@ Line 118: / Line 118: @@
 * <u>other arrangements</u> that fall outside of the normal pooling agreement including reinsurance with non-affiliated reinsurers
-I think that's about it for this reading.
+I think that's about it for the important things from this reading.
 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=NAIC&suffix=SSAP-63&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=1<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 1]'''</span>

@@ Line 122: / Line 122: @@
 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=NAIC&suffix=SSAP-63&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=1<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 1]'''</span>
-=== Some Extra Stuff ===
+=== Lower Probability Exam Items ===
 {| class="wikitable"

@@ Line 24: / Line 24: @@
 The year of publication for the manual changes each year but the content generally does not. We will let you know if there is a major change.
-This reading is only 3 pages and consists of 11 paragraphs of information related to underwriting pools. My strategy for learning this material is to read these 12 paragraphs and look for items that would make good exam questions. Then I'll make BattleCards those items. For a reading this short, I'm aiming for a basic understanding what's covered and 6-8 relevant facts to memorize.
+This reading is only 3 pages and consists of 11 paragraphs of information related to underwriting pools. My strategy for learning this material is to read these paragraphs and look for items that would make good exam questions. Then I'll make BattleCards those items. For a reading this short, I'm aiming for a basic understanding for what's covered and 6-8 relevant facts to memorize.
 '''Estimated study time''': 30 minutes ''(not including subsequent review time)''

← Older revision		Revision as of 01:16, 22 January 2026
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	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=NAIC&suffix=SSAP-63&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span>		[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=NAIC&suffix=SSAP-63&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span>
−
−	~~==POP QUIZ ANSWERS==~~

@@ Line 145: / Line 145: @@
 | If uncollectible is probable → write off. If reasonably possible → disclose under SSAP 5R.
 |}
 ==POP QUIZ ANSWERS==

@@ Line 125: / Line 125: @@
 {| class="wikitable"
-! High-Value Gap
+! Lower-Value Topic
-! What to Add to Study Guide
+! Question
-! Why It’s Worth Knowing
+! Answer
 |-
-| Intercompany pooling = quota share structure
+| Intercompany pooling mechanics
-| Intercompany pools work through quota share reinsurance: business is ceded to the lead entity and retroceded back to participants.
+| How does an intercompany underwriting pool typically operate from a reinsurance perspective?
-| Clarifies the mechanics behind intercompany pooling, which is sometimes tested conceptually.
+| It operates as a quota share arrangement: business is ceded to the lead entity and then retroceded back to pool participants based on their shares.
 |-
-| Only issuing company has direct liability
+| Liability in intercompany pools
-| In intercompany pools, only the policy-issuing entity has direct liability to policyholders; other participants are liable as reinsurers.
+| In an intercompany pool, which entity has direct liability to policyholders?
-| Classic conceptual distinction that shows up in trick questions.
+| Only the policy-issuing entity has direct liability; other participants are liable as reinsurers.
 |-
-| Gross reporting applies to intercompany pools too
+| Gross vs net reporting
-| Intercompany pools must also be reported on a gross basis, just like voluntary and involuntary pools.
+| Do intercompany pooling transactions get reported on a gross or net basis?
-| Easy point if asked which pool types use gross reporting.
+| Gross basis, consistent with voluntary and involuntary pools.
 |-
-| Equity interests: probable vs reasonably possible
+| Equity interests collectibility
-| If uncollectible is probable → write off. If reasonably possible → disclose per SSAP No. 5R.
+| If equity interests or deposits receivable from a pool may be uncollectible, when is a write-off required versus disclosure?
-| Probability thresholds are common across exams and often reused in multiple topics.
+| If uncollectible is probable → write off. If reasonably possible → disclose under SSAP 5R.
 |}
 ==POP QUIZ ANSWERS==