Difference between revisions of "Odomirok.14-F"

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* <span style="color: green;">'''reinsurance provision'''</span> calculation
 
* <span style="color: green;">'''reinsurance provision'''</span> calculation
−
* <span style="color: blue;">'''Sched F solvency testing:'''</span> - ''strengths & weaknesses of using Schedule F for this purpose
+
* <span style="color: blue;">'''Sched F solvency testing'''</span> - ''strengths & weaknesses of using Schedule F for solvency testing''
 
* <span style="color: brown;">'''SAO reinsurance collectability'''</span> amount ''versus'' Schedule F reinsurance provision
 
* <span style="color: brown;">'''SAO reinsurance collectability'''</span> amount ''versus'' Schedule F reinsurance provision
 
* <span style="color: purple;">'''"Certified" category'''</span> - ''benefits to insurers & reinsurers of this special category''
 
* <span style="color: purple;">'''"Certified" category'''</span> - ''benefits to insurers & reinsurers of this special category''

Revision as of 14:22, 19 January 2019

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Pop Quiz

BattleTable

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

  • reinsurance provision calculation
  • Sched F solvency testing - strengths & weaknesses of using Schedule F for solvency testing
  • SAO reinsurance collectability amount versus Schedule F reinsurance provision
  • "Certified" category - benefits to insurers & reinsurers of this special category
reference part (a) part (b) part (c) part (d)
E (2018.Spring #9) define:
- reinsurer recoverable 		define:
- reinsurer payable 		define:
- reinsurer funds held 		define:
- reinsurance provision
E (2017.Fall #14) balance sheet:
- restate to gross of re 		Sched F solvency testing:
- strength/weakness
E (2017.Spring #14) reinsurance provision:
- calculate 		"Certified" category:
- benefits 		reinsurance provision:
- how to improve
E (2016.Fall #13) reinsurance provision:
- calculate 		Sched F solvency testing:
- strength/weakness
E (2016.Spring #14) reinsurance provision:
- calculate 		"Certified" category:
- benefits
E (2015.Spring #15) reinsurance provision:
- calculate 		reinsurance provision:
- how to reduce 		SAO reins. collectability:
- vs. Sched F provision
E (2013.Fall #16) SCENARIO:
- slow-paying reinsurer? 		reinsurance provision:
- calculate 		reinsurance provision:
- calculate (unauthorized re) 		Sched F solvency testing:
- potential enhancments
E (2012.Fall #19) reinsurance provision:
- calculate 		SAO reins. collectability:
- vs. Sched F provision 		SAO reins. collectability:
- vs. Sched F provision 		Sched F solvency testing:
- strength/weakness

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In Plain English!

2018.Spring #9

Let's look at this exam question from 2018.Spring:

E (2018.Spring #9)

I was little surprised because they haven't asked a question like this before. Most of the old questions are calculations. Anyway, they ask you to define and classify the given financial statement quantities as assets, liabilities, or income statement items. This is a very typical question from an accounting course and if you've had an accounting course, you'll probably find it easy. Here's how I think about it:

  • Money coming in (a receivable or recoverable) is good! A receivable is an asset.
  • Money going out (a payable) is bad! A payable is an liability.

...finish this later...

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BattleCodes

Memorize:


Conceptual:


Calculational:

POP QUIZ ANSWERS

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