Odomirok.8-9-IS

  Forum

BattleTable

Based on past exams, the main things you need to know (in rough order of importance) are:

• surplus: calculation of surplus, surplus changes, non-I/S surplus changes & reasons for surplus changes
• statutory income: calculation of statutory income
• basic accounting terms and concepts: (SAP = Statutory Accounting Principles)

   ==> balance sheet, income statement, assets, liabilities, revenue, expenses, reinsurance

• calculation of of bond values

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)	statutory income: - calculate	expense allocation: - impact on profitability	expense allocation: - actuary's involvement
E (2017.Fall #9)	statutory income: - calculate	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.

Full BattleQuiz You must be logged in or this will not work.

  Forum

In Plain English!

Full BattleQuiz You must be logged in or this will not work.

BattleCodes

Memorize:

Conceptual:

Calculational: