Difference between revisions of "Odomirok.8-9-IS"

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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
+
|| <span style="color: green;">'''surplus:'''</span> <br> - calculate surplus
 
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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
+
|| <span style="color: green;">'''surplus:'''</span> <br> - calculate surplus
 
|| '''financial health''': <br> - evaluate
 
|| '''financial health''': <br> - evaluate
 
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|-
 
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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> - non-I/S surplus changes
|| <span style="color: green;">'''surplus'''</span> <br> - total surplus change
+
|| <span style="color: green;">'''surplus:'''</span> <br> - total surplus change
|| <span style="color: green;">'''surplus'''</span> <br> - reasons for surplus change
+
|| <span style="color: green;">'''surplus:'''</span> <br> - reasons for surplus chg
 
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|-
 
|-
 
| [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
+
|| <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
+
|| <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
+
|| <span style="color: green;">'''surplus:'''</span> <br> - impact on surplus
 
|| see [[Odomirok.19-RBC]]
 
|| see [[Odomirok.19-RBC]]
 
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Revision as of 14:18, 24 December 2018

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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 recoverable
define:
- insurer payable
define:
- reinsurer funds held
define:
- reinsurance provision
E (2018.Spring #10) calculate:
- statutory income
expense allocation:
- impact on profitability
expense allocation:
- actuary's involvement
E (2017.Fall #9) calculate:
- statutory income
users & purpose:
- B/S & I/S 1
E (2017.Fall #10) surplus:
- calculate surplus
E (2017.Fall #13) calculate:
- value of bonds
regulator concerns:
- regarding assets
E (2016.Fall #14) surplus:
- calculate surplus
financial health:
- evaluate
E (2015.Fall #15) surplus:
- non-I/S surplus changes
surplus:
- total surplus change
surplus:
- reasons for surplus chg
E (2014.Fall #12) surplus:
- calculate surplus
see NAIC.IRIS see Odomirok.10-Notes
E (2013.Fall #19) SAP:
- identify errors
surplus:
- calculate surplus
reinsurance:
- reasons to purchase
regulator concerns:
- fair value
E (2012.Fall #14) surplus:
- impact on surplus
see 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:

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