Difference between revisions of "Odomirok.8-9-IS"
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Based on past exams, the '''main things''' you need to know ''(in rough order of importance)'' are: | Based on past exams, the '''main things''' you need to know ''(in rough order of importance)'' are: | ||
− | * | + | * <span style="color: green;">'''surplus'''</span> |
* | * | ||
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|- | |- | ||
| [https://www.battleacts6us.ca/pdf/Exam_(2017_2-Fall)/(2017_2-Fall)_(10).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2017.Fall #10)'''</span> | | [https://www.battleacts6us.ca/pdf/Exam_(2017_2-Fall)/(2017_2-Fall)_(10).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2017.Fall #10)'''</span> | ||
− | || ''' | + | || <span style="color: green;">'''surplus'''</span> <br> - calculate |
| style="background-color: lightgrey;" | | | style="background-color: lightgrey;" | | ||
| style="background-color: lightgrey;" | | | style="background-color: lightgrey;" | | ||
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|- | |- | ||
| [https://www.battleacts6us.ca/pdf/Exam_(2016_2-Fall)/(2016_2-Fall)_(14).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2016.Fall #14)'''</span> | | [https://www.battleacts6us.ca/pdf/Exam_(2016_2-Fall)/(2016_2-Fall)_(14).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2016.Fall #14)'''</span> | ||
− | || ''' | + | || <span style="color: green;">'''surplus'''</span> <br> - calculate |
|| '''financial health''': <br> - evaluate | || '''financial health''': <br> - evaluate | ||
| style="background-color: lightgrey;" | | | style="background-color: lightgrey;" | | ||
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|- | |- | ||
| [https://www.battleacts6us.ca/pdf/Exam_(2015_2-Fall)/(2015_2-Fall)_(15).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2015.Fall #15)'''</span> | | [https://www.battleacts6us.ca/pdf/Exam_(2015_2-Fall)/(2015_2-Fall)_(15).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2015.Fall #15)'''</span> | ||
− | || ''' | + | || <span style="color: green;">'''surplus'''</span> <br> - non-I/S surplus changes |
− | || ''' | + | || <span style="color: green;">'''surplus'''</span> <br> - total surplus change |
− | || ''' | + | || <span style="color: green;">'''surplus'''</span> <br> - reasons for surplus change |
| style="background-color: lightgrey;" | | | style="background-color: lightgrey;" | | ||
|- | |- | ||
| [https://www.battleacts6us.ca/pdf/Exam_(2014_2-Fall)/(2014_2-Fall)_(12).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2014.Fall #12)'''</span> | | [https://www.battleacts6us.ca/pdf/Exam_(2014_2-Fall)/(2014_2-Fall)_(12).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2014.Fall #12)'''</span> | ||
− | || ''' | + | || <span style="color: green;">'''surplus'''</span> <br> - calculate surplus |
|| see [[NAIC.IRIS]] | || see [[NAIC.IRIS]] | ||
|| see [[Odomirok.10-Notes]] | || see [[Odomirok.10-Notes]] | ||
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| [https://www.battleacts6us.ca/pdf/Exam_(2013_2-Fall)/(2013_2-Fall)_(19).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2013.Fall #19)'''</span> | | [https://www.battleacts6us.ca/pdf/Exam_(2013_2-Fall)/(2013_2-Fall)_(19).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2013.Fall #19)'''</span> | ||
|| '''SAP''': <br> - identify errors | || '''SAP''': <br> - identify errors | ||
− | || ''' | + | || <span style="color: green;">'''surplus'''</span> <br> - calculate surplus |
|| '''reinsurance''': <br> - reasons to purchase | || '''reinsurance''': <br> - reasons to purchase | ||
|| '''regulator concerns''': <br> - fair value | || '''regulator concerns''': <br> - fair value | ||
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|- | |- | ||
| [https://www.battleacts6us.ca/pdf/Exam_(2012_2-Fall)/(2012_2-Fall)_(14).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2012.Fall #14)'''</span> | | [https://www.battleacts6us.ca/pdf/Exam_(2012_2-Fall)/(2012_2-Fall)_(14).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2012.Fall #14)'''</span> | ||
− | || ''' | + | || <span style="color: green;">'''surplus'''</span> <br> - impact on surplus |
|| see [[Odomirok.19-RBC]] | || see [[Odomirok.19-RBC]] | ||
| style="background-color: lightgrey;" | | | style="background-color: lightgrey;" | |
Revision as of 14:16, 24 December 2018
Pop Quiz
BattleTable
Based on past exams, the main things you need to know (in rough order of importance) are:
- surplus
reference part (a) part (b) part (c) part (d) E (2018.Spring #9) define:
- insurer recoverabledefine:
- insurer payabledefine:
- reinsurer funds helddefine:
- reinsurance provisionE (2018.Spring #10) calculate:
- statutory incomeexpense allocation:
- impact on profitabilityexpense allocation:
- actuary's involvementE (2017.Fall #9) calculate:
- statutory incomeusers & purpose:
- B/S & I/S 1E (2017.Fall #10) surplus
- calculateE (2017.Fall #13) calculate:
- value of bondsregulator concerns:
- regarding assetsE (2016.Fall #14) surplus
- calculatefinancial health:
- evaluateE (2015.Fall #15) surplus
- non-I/S surplus changessurplus
- total surplus changesurplus
- reasons for surplus changeE (2014.Fall #12) surplus
- calculate surplussee NAIC.IRIS see Odomirok.10-Notes E (2013.Fall #19) SAP:
- identify errorssurplus
- calculate surplusreinsurance:
- reasons to purchaseregulator concerns:
- fair valueE (2012.Fall #14) surplus
- impact on surplussee Odomirok.19-RBC
- 1 B/S stands for Balance Sheet, and I/S stands for Income Statement.
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In Plain English!
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BattleCodes
Memorize:
Conceptual:
Calculational: