Difference between revisions of "Returning Users 6U"

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===Deleted Readings===
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The following readings have been <span style="color: red;">'''deleted'''</span> from the Fall 2019 Syllabus. Do not reread these! Remove them from your binders and put them in the back of your closet!
 
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! style='width: ;' | Citation 
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! style="font-size: 18px; color: red;" | '''FALL 2024 UPDATE'''
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|| Feldblum, S., “IRS Loss Reserve Discounting,” CAS Study Note, 2017, pp. 1-26. 
 
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|| Horn, D. and Brown, J., “Introduction to the National Flood Insurance Program (NFIP),” Congressional Research Service, September 12, 2017, pp. 1-25. 
 
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|}
  
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You will find the content changes below.
  
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===New Readings===
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<span style="color: red;">'''NOTE ABOUT THE EXAM 6 SYLLABUS'''</span>
  
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The following readings have been <span style="color: red;">'''added'''</span> to the Fall 2019 Syllabus. Download these readings from the CAS website or order the Fall 2019 Study Kit. Add these readings to your study binder.
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One of the challenging things about the Exam 6 syllabus is that it changes frequently with new articles added and existing articles being updated or modified. The syllabus will also sometimes label an article as “new”, but it is actually an updated version of an existing article.  The updates of existing articles sometimes have significant changes and sometimes not. All this can be confusing … but not for BattleActs users. You don’t need to figure all this out because we have. BattleActs is the only study guide that identifies what is actually a new article, clarifies what is a modified article and highlights significant changes. We also make it clear when we have reviewed an article, so you won’t find yourself studying something, only to realize later that the content has not been updated. Check our table below and you will know exactly where things stand … and keep checking back to see updates.
  
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===Deleted Readings===
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! style='width: ;' | Citation !! style='width: 100px;' | Abbreviation !! style='width: 100px;' | Source <br>
 
  
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The following readings have been <span style="color: red;">'''deleted'''</span>.  
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|| Dearie, J. P., editor, “2018 Excess and Surplus Lines Laws in the United States,” Locke Lord LLP, pp. ii-iv (stop at Calculation of Surplus Lines Taxes Under NRRA) and pp. 1.1-1.5 excluding the sections on: NAIC Approval, pp. 1.1-1.2; Industrial Insurance, pp. 1.3-1.4 and Ocean Marine and Transportation Insurance, p. 1.4
 
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|| Dearie
 
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|| study kit
 
  
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: {| class='wikitable' style='width: 1000px; font-size: ;'
 
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|| Horn, D. and Webel, B., “Private Flood Insurance and the National Flood Insurance Program” July 31, 2018, Congressional Research Service R45242, pp. 1-19. 
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! style='width: ;' | Citation 
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|| Horn & Webel
 
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|| online
 
  
 
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|| Vaughn, T., “The Economic Crisis and Lessons from (and for) U.S. Insurance Regulation,” Journal of Insurance Regulation, Fall 2009, pp. 3-16. 
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|None
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|| Vaughn
 
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|| online
 
  
 
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|}
  
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===New Readings===
  
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===Modified Readings 1===
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The following readings have been <span style="color: red;">'''added'''</span>.
  
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The following readings are <span style="color: red;">'''updated versions'''</span> of previous readings. Modifications are detailed on the wiki pages for each of these readings. Pay particular attention since formulas or definitions may change and new material may be added. And don’t waste time studying something that has been excluded for this session.
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! style='width: ;' | Citation 
  
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: {| class='wikitable' style='width: 1100px; font-size: ;'
 
 
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! style='width: ;' | Citation !! style='width: 100px;' | Abbreviation !! style='width: 100px;' | Source <br>
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|| Cole and Marzen
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|| National Association of Insurance Commissioners, “NAIC Insurance Regulatory Information System (IRIS) Ratios Manual,” 2018, Section II, Property/Casualty Ratios, pp. 5-26.
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|| Florida Hurricane Catastrophe Fund
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|| NAIC IRIS
 
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|| online
 
  
 
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|}
  
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===Modified Readings 1 (Contain Material Changes)===
  
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===Modified Readings 2===
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The following readings have <span style="color: red;">'''changes'''</span> you should be aware of.
  
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The following readings are <span style="color: red;">'''updated versions'''</span> of previous readings with <span style="color: red;">'''no material change'''</span> to the content. Thank goodness!
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! style='width: ;' | Citation !! style='width: 100px;' | Abbreviation !! style='width: 100px;' | Source <br>
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! style='width: ;' | Citation  
  
 
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|| 2018 Insurance Expense Exhibit.
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| [[ASOP.20]] &rarr; ''no major changes but you should take a quick look at the wiki article
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|| 2018 IEE
 
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|| book
 
  
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|| Committee on Property and Liability Financial Reporting, American Academy of Actuaries, “A Public Policy Practice Note, Statements of Actuarial Opinion on Property & Casualty Loss Reserves, 2018.” Exclude Appendix I.1.3 NAIC Title SAO Instructions and Appendix IV. SSAPs. Note that SSAP 5R, 9, 53, 55, 62R, and 65 found in Appendix IV are readings for Learning Objectives C1 and E1 for this exam.
 
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|| COPLFR P&C Practice Note
 
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|| online
 
  
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===Modified Readings 2 (No Material Changes)===
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|| National Association of Insurance Commissioners, Accounting Practices and Procedures Manual, 2018, Preamble.
 
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|| NAIC APPM Preamble
 
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|| study kit
 
  
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The following readings are have <span style="color: red;">'''no significant changes'''</span> to the content.  
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|| National Association of Insurance Commissioners, Accounting Practices and Procedures Manual, 2018, Statement of Statutory Accounting Principles 5R, “Liabilities, Contingencies and Impairment of Assets,” paragraphs 1-12, 26-29, and 33-34. This material is available in Appendix IV of the COPLFR P&C Practice Note.
 
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|| NAIC SSAP 5R
 
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|| online
 
  
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: {| class='wikitable' style='width: 1000px; font-size: ;'
 
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|| National Association of Insurance Commissioners, Accounting Practices and Procedures Manual, 2018, Statement of Statutory Accounting Principles 9, “Subsequent Events,” paragraphs 1-8. This material is available in Appendix IV of the COPLFR P&C Practice Note.
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! style='width: ;' | Citation 
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|| NAIC SSAP 9
 
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|| online
 
  
 
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|| National Association of Insurance Commissioners, Accounting Practices and Procedures Manual, 2018, Statement of Statutory Accounting Principles 53, “Property Casualty Contracts—Premiums,” paragraphs 1-18. This material is available in Appendix IV of the COPLFR P&C Practice Note.
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|| [[FIO.DoddFrank]]
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|| NAIC SSAP 53
 
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|| online
 
  
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|| National Association of Insurance Commissioners, Accounting Practices and Procedures Manual, 2018, Statement of Statutory Accounting Principles 55, “Unpaid Claims, Losses and Loss Adjustment Expenses,” paragraphs 1-6 and 10-17. This material is available in Appendix IV of the COPLFR P&C
 
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Practice Note.
 
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|| NAIC SSAP 55
 
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|| online
 
  
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===Modified Readings 3 (Under Review)===
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|| National Association of Insurance Commissioners, Accounting Practices and Procedures Manual, 2018, Statement of Statutory Accounting Principles 62R, “Property and Casualty Reinsurance,” paragraphs 1-90. This material is available in Appendix IV of the COPLFR P&C Practice Note.
 
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|| NAIC SSAP 62R
 
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|| online
 
  
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We are <span style="color: red;">'''currently reviewing'''</span> these articles and will advise above if there are any significant changes.
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|| National Association of Insurance Commissioners, Accounting Practices and Procedures Manual, 2018, Statement of Statutory Accounting Principles 65, “Property and Casualty Contracts,” paragraphs 1-46. This material is available in Appendix IV of COPLFR P&C Practice Note.
 
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|| NAIC SSAP 65
 
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|| online
 
  
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: {| class='wikitable' style='width: 1000px; font-size: ;'
 
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|| National Association of Insurance Commissioners, Official 2018 NAIC Annual Statement Blanks, Property and Casualty, (both individual and consolidated basis), pp. 2-13, Notes to the Financial Statement p. 14 (refer to the Odomirok paper for the Notes to cover); Schedules D (pp. SI03 through SI09), F (pp. 20-29), H (pp. 30-32), and P (pp. 33-93). Candidates will be expected to have knowledge of other sections of the annual statement that are discussed in other Syllabus readings. Candidates are not responsible for page numbers. [The “Notes to the Financial Statement” are cited for reference only. Candidates are responsible for the Notes as described in the Odomirok reading where the Notes are referenced by title. If the 2018 Annual Statement and the study materials differ, candidates may base their answers on either.]
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! style='width: ;' | Citation 
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|| NAIC Annual Statement
 
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|| book
 
  
 
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|| National Association of Insurance Commissioners Official Annual Statement Examples: The following companies post their annual statements online. Candidates may use these (or their own company’s statements) as illustrations to better understand the annual statement but are not responsible for any company specific data: (1) Travelers and (2) the Liberty Mutual Group.
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|| COPFLFR P&C Practice Note, 2023 edition
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|| NAIC Annual Statement Examples
 
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|| online
 
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|}
 
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===Modified Readings 3===
 
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The following readings are <span style="color: red;">'''updated versions'''</span> of previous readings. Graham is <span style="color: red;">'''currently reviewing'''</span> these updated versions and will advise if there are material changes or not. In the meantime, set these readings aside until further notification.
 
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: {| class='wikitable' style='width: 1100px; font-size: ;'
 
 
|-
 
|-
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! style='width: ;' | Citation !! style='width: 100px;' | Abbreviation !! style='width: 100px;' | Source <br>
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|| NAIC IRIS
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|-
 
|-
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|| National Association of Insurance Commissioners, Accounting Practices and Procedures Manual, 2018, Preamble.
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|| NAIC Preamble
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|| NAIC APPM Preamble
 
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|| study kit
 
  
 
|}
 
|}

Latest revision as of 18:56, 26 July 2024

FALL 2024 UPDATE

You will find the content changes below.

NOTE ABOUT THE EXAM 6 SYLLABUS

One of the challenging things about the Exam 6 syllabus is that it changes frequently with new articles added and existing articles being updated or modified. The syllabus will also sometimes label an article as “new”, but it is actually an updated version of an existing article. The updates of existing articles sometimes have significant changes and sometimes not. All this can be confusing … but not for BattleActs users. You don’t need to figure all this out because we have. BattleActs is the only study guide that identifies what is actually a new article, clarifies what is a modified article and highlights significant changes. We also make it clear when we have reviewed an article, so you won’t find yourself studying something, only to realize later that the content has not been updated. Check our table below and you will know exactly where things stand … and keep checking back to see updates.

Deleted Readings

The following readings have been deleted.

Citation
None

New Readings

The following readings have been added.

Citation
Cole and Marzen
Florida Hurricane Catastrophe Fund

Modified Readings 1 (Contain Material Changes)

The following readings have changes you should be aware of.

Citation
ASOP.20 → no major changes but you should take a quick look at the wiki article

Modified Readings 2 (No Material Changes)

The following readings are have no significant changes to the content.

Citation
FIO.DoddFrank

Modified Readings 3 (Under Review)

We are currently reviewing these articles and will advise above if there are any significant changes.

Citation
COPFLFR P&C Practice Note, 2023 edition
NAIC IRIS
NAIC Preamble
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