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'''Reading''': Financial Reporting Through the Lens of a Property/Casualty Actuary - '''Chapter 11''' - '''General Interrogatories''' | '''Reading''': Financial Reporting Through the Lens of a Property/Casualty Actuary - '''Chapter 11''' - '''General Interrogatories''' | ||
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==Study Tips== | ==Study Tips== | ||
Revision as of 23:09, 27 June 2024
Reading: Financial Reporting Through the Lens of a Property/Casualty Actuary - Chapter 11 - General Interrogatories
Author: Kathleen C. Odomirok, FCAS, MAAA, Liam M. McFarlane, FCIA, FCAS, Gareth L. Kennedy, ACAS, MAAA, Justin J. Brenden, FCAS, MAAA, EY
| BA Quick-Summary: General Interrogatories
The General Interrogatories are a series of questions included in the statutory Annual Statement of an insurance company. There are 2 parts:
The purpose of these interrogatories is to provide additional clarity and identify areas that might require further regulatory review such as:
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Contents
Study Tips
Spend no more than 10 minutes on this chapter.
BattleTable
- this reading has not been tested on any exam from the year 2012 to Fall 2019 when the exams stopped being published.
reference part (a) part (b) part (c) part (d) no prior questions
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In Plain English!
The purpose of the General Interrogatories is to provide further information on: [Hint: COB - yummy like corn-on-the-cob]
- Controls (both internal & external)
- Operations
- Business practices
And here are a few examples of items discussed in the General Interrogatories: [Hint: R-MESS - the interrogatories are a mess of further information]
- Regulatory exams
- –
- Merger activity
- Exemptions from regulations
- Sales commissions - whether they're excessive just to acquire business
- Suspension of licenses - if applicable
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