Difference between revisions of "Exam Summaries"

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==2018 Fall==
+
__FORCETOC__
 +
==2022 Spring==
 +
 
 +
<span style="color: red;">'''Note:'''</span> Thank you to everyone who submitted their grade report. The number of grade reports now seems credible and the statistics aren't changing with the inclusion of additional grade reports.
 +
 
 +
The following estimate is based on currently available grade reports submitted from unsuccessful candidates:
 +
 
 +
:{| class='wikitable' style='background-color: navajowhite;">
 +
|-
 +
|| Estimated %-score required to pass Exam 6U in 2022-Spring || <span style="color: green;">'''69.2%'''</span>
 +
|}
 +
 
 +
Exam summaries as provided for 2019-Fall and earlier are no longer available because the CAS has stopped publishing exams and providing detailed grade reports to unsuccessful candidates. The grade reports currently provided to unsuccessful candidates now show only a 10% score range for each major learning objective. For example: Section A: 60-70%. Here are the average scores for each section across all candidates from whom we received a grade report:
 +
 
 +
:{| class='wikitable' style="text-align: center;"
 +
|- style='background-color: lightgrey;'
 +
|| '''Section''' || style="text-align: left;" | '''Learning Objective''' || '''Average Score'''
 +
|-
 +
|| A      || style="text-align: left;" | Regulation of Insurance and U.S. Insurance Law || 88%
 +
|-
 +
|| B      || style="text-align: left;" | Government & Industry Insurance Programs      || 68%
 +
|-
 +
|| C      || style="text-align: left;" | Financial Reporting & Taxation                || 60%
 +
|-
 +
|| D      || style="text-align: left;" | Professional Responsibilities                  || 75%
 +
|-
 +
|| E      || style="text-align: left;" | Reinsurance Accounting Principles              || 44%
 +
|}
 +
 
 +
Score distribution and number of score reports received:
 +
 
 +
:{| class='wikitable' style="text-align: center;"
 +
|- style='background-color: lightgrey;'
 +
|| '''Candidate Score''' || '''Number of Candidates'''
 +
|-
 +
|| not provided    || 2
 +
|-
 +
|| 0      || 0
 +
|-
 +
|| 1      || 0
 +
|-
 +
|| 2      || 0
 +
|-
 +
|| 3      || 0
 +
|-
 +
|| 4      || 7
 +
|-
 +
|| 5      || 7
 +
|- style='background-color: lightgrey;'
 +
|| '''Total'''  || '''16'''
 +
|}
 +
 
 +
==2019 Fall==
 +
 
 +
[https://www.battleacts6us.ca/pdf/average_scores_2019_2.pdf <span style="font-size: 20px; background-color: lightblue; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''2019.Fall Avg Scores - All Candidates'''</span>]
 +
 
 +
:{| class='wikitable' style='background-color: orange; font-size: 18px;"
 +
|-
 +
|| Questions highlighted in '''orange''' are outdated.
 +
|}
 +
 
 +
: {| class="wikitable" style="width: px;"
 +
|-
 +
! link !! reference !! paper tested !! topic !! type of problem
 +
 
 +
|- style='background-color: orange;"
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(01).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;">'''(2019.Fall #1)'''</span>
 +
|| [[NAIC.Telematics]]
 +
|| '''UBI''': benefits & concerns
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(02).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;">'''(2019.Fall #2)'''</span>
 +
|| [[Dearie.Excess]]
 +
|| '''surplus lines''': advantages, regulatory requirements
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(03).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;">'''(2019.Fall #3)'''</span>
 +
|| [[Vaughan.Crisis]]
 +
|| '''regulation''': judging effectiveness, reasons for failure, strengths of U.S. system
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(04).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;">'''(2019.Fall #4)'''</span>
 +
|| [[Porter.12-Insolvency]]
 +
|| '''insolvency''': types of corrective action by commissioner
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(05).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;">'''(2019.Fall #5)'''</span>
 +
|| [[Feldblum.Ratings]], [[Odomirok.19-RBC]]
 +
|| '''financial strength ratings''': uses, capital requirements, comparison to RBC
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(06).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;">'''(2019.Fall #6)'''</span>
 +
|| [[Porter.2-Devlpt]]
 +
|| '''legal''': Paul v VA, SEUA case, McCarran-Ferguson Act
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(07).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;">'''(2019.Fall #7)'''</span>
 +
|| <span style="color: red;"><sup>'''5'''</sup></span> [[Germani.GovtIns]]
 +
|| '''crop insurance''': private/public roles, RMAs, social welfare systems
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(08).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;">'''(2019.Fall #8)'''</span>
 +
|| [[Horn2018.Flood]]
 +
|| '''flood insurance''': FEMA & NFIP, private flood insurance ''(issues & barriers)''
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(09).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;">'''(2019.Fall #9)'''</span>
 +
|| [[Cook.Personal]]
 +
|| '''ARPs''': social purpose, '''FAIR plans''': uninsurable exposures, DIC policy
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_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;">'''(2019.Fall #10)'''</span>
 +
|| [[Germani.GovtIns]]
 +
|| '''WC''': impacts of lack of WC, federal & state WC programs
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(11).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;">'''(2019.Fall #11)'''</span>
 +
|| [[Odomirok.6-7-BS]], [[Odomirok.8-9-IS]]
 +
|| '''calculate''': U/W income, year-end liabilities
 +
|| <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_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;">'''(2019.Fall #12)'''</span>
 +
|| <span style="color: red;"><sup>'''4'''</sup></span> [[Odomirok.6-7-BS]], [[Odomirok.8-9-IS]]
 +
|| '''calculate''': total assets ''(and give an example of a non-admitted asset)''
 +
|| <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(13).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;">'''(2019.Fall #13)'''</span>
 +
|| [[Odomirok.8-9-IS]], [[NAIC.SSAP-62R]]
 +
|| '''reinsurance accounting''': impact on Income Statement
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_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;">'''(2019.Fall #14)'''</span>
 +
|| [[Odomirok.15-P]]
 +
|| '''calculate''': closure rates, '''average case O/S''': calculation, importance, cautions
 +
|| essay / <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_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;">'''(2019.Fall #15)'''</span>
 +
|| <span style="color: red;"><sup>'''3'''</sup></span> [[Odomirok.14-F]]
 +
|| '''calculate''': reinsurance provision, '''describe''': mapping between B/S & Schedule F
 +
|| essay / <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(16).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;">'''(2019.Fall #16)'''</span>
 +
|| [[Odomirok.10-Notes]]
 +
|| '''notes to fin. stmts.''': structured settlements, high deducs, credit risk, uncoll. reins.
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(17).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;">'''(2019.Fall #17)'''</span>
 +
|| [[NAIC.IRIS]]
 +
|| '''calculate''': IRIS ratios 4 & 9
 +
|| <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(18).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;">'''(2019.Fall #18)'''</span>
 +
|| [[Odomirok.19-RBC]], [[NAIC.IRIS]]
 +
|| '''calculate''': RBC R<sub>2</sub> charge, '''interpret''': RBC trend test, IRIS 5
 +
|| <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_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;">'''(2019.Fall #19)'''</span>
 +
|| [[Odomirok.19-RBC]]
 +
|| '''calculate''': compnents of R<sub>4</sub> charge, L+LAE resv, '''interpret''': impact of new LOB on R<sub>4</sub>
 +
|| essay / <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(20).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;">'''(2019.Fall #20)'''</span>
 +
|| [[Odomirok.6-7-BS]], [[Odomirok.22-23-GAAP]]
 +
|| '''calculate''': SAP & GAAP bonds values, '''interpret''': SAP vs GAAP
 +
|| essay / <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(21).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;">'''(2019.Fall #21)'''</span>
 +
|| <span style="color: red;"><sup>'''2'''</sup></span>  [[Odomirok.22-23-GAAP]]
 +
|| '''calculate''': goodwill, '''interpret''': impact of sale on GAAP, goodwill under SAP & GAAP
 +
|| essay / <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(22).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;">'''(2019.Fall #22)'''</span>
 +
|| [[Odomirok.16-17-SAO]], [[COPLFR.SAO]]
 +
|| '''SAO''': language for OPINION, items in Exhibit B
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(23).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;">'''(2019.Fall #23)'''</span>
 +
|| [[Odomirok.16-17-SAO]], [[COPLFR.SAO]]
 +
|| '''SAO''': materiality, RMAD, subsequent events ''(see [[NAIC.SSAP-62R]])''
 +
|| essay / <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(24).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;">'''(2019.Fall #24)'''</span>
 +
|| [[Odomirok.16-17-SAO]], [[COPLFR.SAO]]
 +
|| '''SAO, AOS, Actuarial Report''': users, purpose, public or confidential
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(25).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;">'''(2019.Fall #25)'''</span>
 +
|| [[Odomirok.16-17-SAO]], [[COPLFR.SAO]]
 +
|| '''SAO''': disclosures in SCOPE section, provide an OPINION
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(26).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;">'''(2019.Fall #26)'''</span>
 +
|| <span style="color: red;"><sup>'''1'''</sup></span> [[Klann.ReinsComm]], [[Odomirok.10-Notes]]
 +
|| '''commutations''': definition, impact on losses & reserves, ann. stmt. disclosures
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(27).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;">'''(2019.Fall #27)'''</span>
 +
|| [[Freihaut.Reins]]
 +
|| '''risk transfer tests''': 10-10 rule, ERD rule, pitfalls in a risk transfer test ''(reinsurer expenses)''
 +
|| essay
 +
 
 +
|}
 +
 
 +
: <span style="color: red;"><sup>'''1'''</sup></span> The answer to part (c) of this problem in the examiners' report likely contains an error. According to the Klann source text, a commutation will distort the claim closure rates in Part 5 of the <u>reinsurer’s</u> Schedule P, since from the reinsurer’s standpoint a commuted claim is considered to be closed. No mention is made regarding distortion of the <u>ceding insurer's</u> closure rates.
 +
 
 +
: <span style="color: red;"><sup>'''2'''</sup></span> The examiners' report solution to this question is outdated. For an explanation, see ''[https://www.battleacts6us.ca/vanillaforum6us/discussion/573/f-2019-b#latest this forum discussion]''.
 +
 
 +
: <span style="color: red;"><sup>'''3'''</sup></span> The examiners' report contains an error in the answer to part (c). It says that "ceded amount payable to reinsurer" is not an acceptable answer. This <u>is</u> an acceptable answer however.
 +
 
 +
: <span style="color: red;"><sup>'''4'''</sup></span> 2019.F.12 listing real estate as a non-admitted asset is an error. According to the Odomirok text regarding non-admitted asset and real estate: ''Amounts held of specific types of bonds, stocks, mortgage loans or real estate that are in excess of limitations that exist in specific states.'' So, real estate is not <u>fully</u> non-admitted.
 +
 
 +
: <span style="color: red;"><sup>'''5'''</sup></span> For part (a), the examiners' report incorrectly states that the federal government is the reinsurer. ''(It is RMA that is the reinsurer.)''
 +
 
 +
==2019 Spring==
 +
 
 +
[https://www.battleacts6us.ca/pdf/average_scores_2019_1.pdf <span style="font-size: 20px; background-color: lightblue; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''2019.Spring Avg Scores - All Candidates'''</span>]
 +
 
 +
:{| class='wikitable' style='background-color: orange; font-size: 18px;"
 +
|-
 +
|| Questions highlighted in '''orange''' are outdated.
 +
|}
 +
 
 +
: {| class="wikitable" style="width: px;"
 +
|-
 +
! link !! reference !! paper tested !! topic !! type of problem
 +
 
 +
|- style='background-color: orange;"
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(01)_v2.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;">'''(2019.Spring #1)'''</span>
 +
|| [[NAIC.Telematics]]
 +
|| '''UBI''': benefits & concerns
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(02)_v2.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;">'''(2019.Spring #2)'''</span>
 +
|| [[Porter.5-Opns-State]], [[Porter.8-Rates]]
 +
|| '''rate filings''': disapproval, level of regulatory scrutiny
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(03)_v2.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;">'''(2019.Spring #3)'''</span>
 +
|| [[NAIC.Solvency]], [[Porter.12-Insolvency]]
 +
|| '''insolvencies''': reasons, stages of regulatory intervention, slow regulatory response
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(04)_v2.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;">'''(2019.Spring #4)'''</span>
 +
|| [[Porter.2-Devlpt]]
 +
|| '''regulation''': Paul v VA, U.S. v SEUA, NAIC recommendations
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(05)_v2.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;">'''(2019.Spring #5)'''</span>
 +
|| [[Porter.2-Devlpt]]
 +
|| '''regulation''': Clayton, Robinson-Patman, & McCarran-Ferguson Acts, NAIC model law
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(06)_v2.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;">'''(2019.Spring #6)'''</span>
 +
|| [[Porter.12-Insolvency]]
 +
|| '''guaranty funds''': how they work, coverage limitations, elimination
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(07)_v2.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;">'''(2019.Spring #7)'''</span>
 +
|| [[Cook.Personal]], [[Webel.TRIA-1]]
 +
|| '''auto & terrorism''': high-risk auto plans, TRIA ''(goals & loss-sharing)''
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(08)_v2.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;">'''(2019.Spring #8)'''</span>
 +
|| [[Germani.GovtIns]], [[Horn2018.Flood]]
 +
|| '''WC, crop, flood''': reasons for programs, subsidies, participation rates
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(09)_v2.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;">'''(2019.Spring #9)'''</span>
 +
|| [[Odomirok.8-9-IS]]
 +
|| '''income statement''': U/W income, investment income, bond value decrease
 +
|| <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(10)_v2.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;">'''(2019.Spring #10)'''</span>
 +
|| [[Odomirok.8-9-IS]], [[NAIC.IRIS]]
 +
|| '''calculate''': SAP surplus, IRIS 9, '''identify''': liquidity exhibits
 +
|| essay / <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(11)_v2.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;">'''(2019.Spring #11)'''</span>
 +
|| [[Odomirok.15-P]]
 +
|| '''Schedule P''': financial health, reserve adequacy
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(12)_v2.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;">'''(2019.Spring #12)'''</span>
 +
|| [[Odomirok.18-IEE]]
 +
|| '''calculate''': investment gain, '''describe''': surplus allocation issues
 +
|| essay / <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(13)_v2.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;">'''(2019.Spring #13)'''</span>
 +
|| [[Odomirok.19-RBC]], [[Odomirok.16-17-SAO]]''
 +
|| '''interpret''': RBC ratio, '''calculate''': materiality standard, R4, RBC ratio
 +
|| essay / <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(14)_v2.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;">'''(2019.Spring #14)'''</span>
 +
|| [[NAIC.IRIS]]
 +
|| '''calculate''': IRIS 10, 11, 12, 13 ''(and evaluate financial health)''
 +
|| <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(15)_v2.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;">'''(2019.Spring #15)'''</span>
 +
|| [[Odomirok.19-RBC]]
 +
|| '''calculate''': R5
 +
|| <span style="color: red;">'''HARD calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(16)_v2.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;">'''(2019.Spring #16)'''</span>
 +
|| [[Odomirok.22-23-GAAP]]
 +
|| '''fair value of liabilities''': 3 required components under GAAP
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(17)_v2.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;">'''(2019.Spring #17)'''</span>
 +
|| [[Odomirok.22-23-GAAP]]
 +
|| '''compare''': SAP vs GAAP for various annual statement quantities
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(18)_v2.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;">'''(2019.Spring #18)'''</span>
 +
|| [[Odomirok.16-17-SAO]], [[COPLFR.SAO]]
 +
|| '''AOS''': items A &rarr; E
 +
|| essay / <span style="color: red;">'''easy calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(19)_v2.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;">'''(2019.Spring #19)'''</span>
 +
|| [[Odomirok.16-17-SAO]], [[COPLFR.SAO]]
 +
|| '''SAO''': bright-line indicator test, RMAD
 +
|| essay / <span style="color: red;">'''easy calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(20)_v2.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;">'''(2019.Spring #20)'''</span>
 +
|| [[Odomirok.16-17-SAO]], [[COPLFR.SAO]]
 +
|| '''SAO''': id & opinion ''(language errors, qualified opinion, disclosures)''
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(21)_v2.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;">'''(2019.Spring #21)'''</span>
 +
|| [[Odomirok.16-17-SAO]], [[COPLFR.SAO]]
 +
|| '''SAO''': Exhibit A, language for SCOPE, disclosures ''(pooling, reins)''
 +
|| essay / <span style="color: red;">'''easy calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(22)_v2.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;">'''(2019.Spring #22)'''</span>
 +
|| [[Odomirok.16-17-SAO]], [[COPLFR.SAO]]
 +
|| '''SAO''': opinion, RMAD, new business considerations
 +
|| essay / <span style="color: red;">'''easy calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(23)_v2.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;">'''(2019.Spring #23)'''</span>
 +
|| [[Freihaut.Reins]], [[NAIC.SSAP-62R]]
 +
|| '''reinsurance''': cash flows in a risk transfer test, accounting treatment
 +
|| essay
  
−
Based on user feedback, the BattleCards corresponding to the <span style="color: red;">'''2018.Fall'''</span> exam will NOT be loaded into the BattleActs database until <u>after</u> the '''2019.Spring''' exam. This is to provide the opportunity for practice on a fresh exam prior to your real exam.
+
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(24)_v2.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;">'''(2019.Spring #24)'''</span>
 +
|| [[Klann.ReinsComm]]
 +
|| '''commutations''': price & taxation, motivation for commutation
 +
|| essay / <span style="color: red;">'''HARD calc'''</span>
  
−
But for reference, here is a listing of topics and questions for <span style="color: red;">'''2018.Fall'''</span>
+
|}
  
−
:{| class="wikitable"
+
==2018 Fall==
 +
 
 +
:{| class='wikitable' style='background-color: orange; font-size: 18px;"
 
|-
 
|-
−
| The <span style="color: red;">'''2018.Fall'''</span> exam summary will be inserted in this table '''after''' the full examiner's report has been released sometime in December.
+
|| Questions highlighted in '''orange''' are outdated.
 
|}
 
|}
  
Line 15: Line 460:
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(01).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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(01).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;">'''(2018.Fall #1)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #1)'''</span>
−
|| [[]]
+
|| [[NAIC.Price]]
−
||  
+
|| '''price optimization''': regulation, permissibility under actuarial standards
−
||  
+
|| essay
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(02).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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(02).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;">'''(2018.Fall #2)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #2)'''</span>
−
|| [[]]
+
|| [[Porter.5-Opns-State]], [[Porter.12-Insolvency]]
−
||  
+
|| financial exams, capital & surplus, rehab vs liquidation
−
||  
+
|| essay
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(03).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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(03).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;">'''(2018.Fall #3)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #3)'''</span>
−
|| [[]]
+
|| [[Porter.2-Devlpt]], [[McCarty.Credit]]
−
||  
+
|| McCarran-Ferguson Act, shortcomings of credit scores
−
||  
+
|| essay
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(04).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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(04).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;">'''(2018.Fall #4)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #4)'''</span>
−
|| [[]]
+
|| [[Feldblum.Ratings]]
−
||  
+
|| '''financial strength ratings''': importance, stability, information-sharing
−
||  
+
|| essay
  
−
|-
+
|- style='background-color: orange;"
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(05).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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(05).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;">'''(2018.Fall #5)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #5)'''</span>
−
|| [[]]
+
|| [[Baribeau.Regs]]
−
||  
+
|| '''Dodd-Frank''': Federal Insurance Office functions & impact
−
||  
+
|| essay
  
−
|-
+
|- style='background-color: orange;"
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(06).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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(06).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;">'''(2018.Fall #6)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #6)'''</span>
−
|| [[]]
+
|| [[Horn.Flood]]
−
||  
+
|| '''NFIP''': ways of selling, types of subsudies
−
||  
+
|| essay
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(07).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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(07).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;">'''(2018.Fall #7)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #7)'''</span>
−
|| [[]]
+
|| [[Cook.Personal]]
−
||  
+
|| '''residual markets''': placing risks, loss allocation, FAIR plans
−
||  
+
|| essay
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(08).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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(08).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;">'''(2018.Fall #8)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #8)'''</span>
−
|| [[]]
+
|| [[Webel.TRIA-1]]
−
||  
+
|| '''terrorism''': federal/state/private roles, goals of TRIA
−
||  
+
|| essay
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(09).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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(09).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;">'''(2018.Fall #9)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #9)'''</span>
−
|| [[]]
+
|| [[Germani.GovtIns]]
−
||  
+
|| '''WC''': ads/disds of exclusive state fund, WC residual market
−
||  
+
|| essay
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_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;">'''(2018.Fall #10)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #10)'''</span>
−
|| [[]]
+
|| [[Odomirok.8-9-IS]]
−
||  
+
|| '''calculate''': value of investments, surplus, balance sheet impact of events
−
||  
+
|| <span style="color: red;">'''calc'''</span>
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(11).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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(11).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;">'''(2018.Fall #11)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #11)'''</span>
−
|| [[]]
+
|| [[Odomirok.8-9-IS]]
−
||  
+
|| '''calculate''': investment income, U/W income, PDR
−
||  
+
|| essay / <span style="color: red;">'''calc'''</span>
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_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;">'''(2018.Fall #12)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #12)'''</span>
−
|| [[]]
+
|| [[Odomirok.15-P]]
−
||  
+
|| '''Schedule P''': reporting conventions by line, interpretation of reinsurance
−
||  
+
|| essay
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(13).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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(13).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;">'''(2018.Fall #13)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #13)'''</span>
−
|| [[]]
+
|| [[Odomirok.15-P]]
−
||  
+
|| '''Schedule P''': calculate reserve adequacy, considerations
−
||  
+
|| essay / <span style="color: red;">'''calc'''</span>
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_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;">'''(2018.Fall #14)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #14)'''</span>
−
|| [[]]
+
|| [[Odomirok.18-IEE]], [[Odomirok.8-9-IS]]
−
||  
+
|| '''calculate''': unpaid loss, incurred loss, U/W gain
−
||  
+
|| <span style="color: red;">'''calc'''</span>
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_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;">'''(2018.Fall #15)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #15)'''</span>
−
|| [[]]
+
|| [[Odomirok.14-F]]
−
||  
+
|| '''calculate''': provision for reinsurance, strategies to reduce
−
||  
+
|| essay / <span style="color: red;">'''calc'''</span>
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(16).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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(16).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;">'''(2018.Fall #16)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #16)'''</span>
−
|| [[]]
+
|| [[NAIC.IRIS]], [[Odomirok.8-9-IS]]
−
||  
+
|| '''calculate''': IRIS 7 ''(you also need to calc <u>surplus</u>, see Odomirok)''
−
||  
+
|| <span style="color: red;">'''calc'''</span>
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(17).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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(17).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;">'''(2018.Fall #17)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #17)'''</span>
−
|| [[]]
+
|| [[NAIC.IRIS]]
−
||  
+
|| '''calculate''': IRIS 13, identify reserve adequacy concerns
−
||  
+
|| essay / <span style="color: red;">'''calc'''</span>
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(18).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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(18).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;">'''(2018.Fall #18)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #18)'''</span>
−
|| [[]]
+
|| [[Odomirok.19-RBC]], [[NAIC.IRIS]]
−
||  
+
|| '''calculate''': RBC ratio, action level & actions, regulator concerns
−
||  
+
|| essay / <span style="color: red;">'''calc'''</span>
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_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;">'''(2018.Fall #19)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #19)'''</span>
−
|| [[]]
+
|| [[Odomirok.8-9-IS]], [[Odomirok.22-23-GAAP]]
−
||  
+
|| '''SAP versus GAAP''': intended users, differences between SAP & GAAP
−
||  
+
|| essay
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(20).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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(20).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;">'''(2018.Fall #20)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #20)'''</span>
−
|| [[]]
+
|| [[Odomirok.25-Solv2]]
−
||  
+
|| '''calculate''': technical provisions, items required by ORSA
−
||  
+
|| essay / <span style="color: red;">'''calc'''</span>
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(21).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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(21).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;">'''(2018.Fall #21)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #21)'''</span>
−
|| [[]]
+
|| [[Odomirok.16-17-SAO]], [[COPLFR.SAO]]
−
||  
+
|| '''SAO''': Exhibit A, AOS Exhibits A-D, type of opinion
−
||  
+
|| essay / <span style="color: red;">'''calc'''</span>
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(22).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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(22).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;">'''(2018.Fall #22)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #22)'''</span>
−
|| [[]]
+
|| [[Odomirok.16-17-SAO]], [[COPLFR.SAO]]
−
||  
+
|| '''SAO''': language for opinion & relevant comments, materiality standard
−
||  
+
|| essay / <span style="color: red;">'''calc'''</span>
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(23).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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(23).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;">'''(2018.Fall #23)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #23)'''</span>
−
|| [[]]
+
|| [[Odomirok.16-17-SAO]], [[COPLFR.SAO]]
−
||  
+
|| '''SAO''': identify location of given text & errors, type of opinion
−
||  
+
|| essay
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(24).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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(24).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;">'''(2018.Fall #24)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #24)'''</span>
−
|| [[]]
+
|| [[Odomirok.16-17-SAO]], [[COPLFR.SAO]]
−
||  
+
|| '''SAO''': identify required disclosures in SAO & AOS
−
||  
+
|| essay
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(25).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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(25).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;">'''(2018.Fall #25)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #25)'''</span>
−
|| [[]]
+
|| [[Freihaut.Reins]]
−
||  
+
|| '''risk transfer methods''': 10-10 rule, ERD rule
−
||  
+
|| essay / <span style="color: red;">'''calc'''</span>
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(26).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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(26).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;">'''(2018.Fall #26)'''</span>
 
|| <span style="color: red;">'''(2018.Fall #26)'''</span>
−
|| [[]]
+
|| [[Klann.ReinsComm]]
−
||  
+
|| '''commutation''': definition, motivation
−
||  
+
|| essay
 +
 
 +
|}
 +
 
 +
==2018 Spring==
 +
 
 +
: {| class="wikitable" style="width: px;"
 +
|-
 +
! link !! reference !! paper tested !! topic !! type of problem
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(01).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;">'''(2018.Spring #1)'''</span>
 +
|| [[NAIC.Price]]
 +
|| '''price optimization''': vs traditional ratemaking, discrimination, regulation, disclosures
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(02).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;">'''(2018.Spring #2)'''</span>
 +
|| [[Porter.2-Devlpt]]
 +
|| '''surplus lines''': exemption, regulation
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(03).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;">'''(2018.Spring #3)'''</span>
 +
|| [[Vaughan.Crisis]]
 +
|| '''regulatory failure''': forbearance, associated RBC action levels
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(04).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;">'''(2018.Spring #4)'''</span>
 +
|| [[Porter.2-Devlpt]]
 +
|| '''regulation''': Paul v VA, McCarran-Ferguson, state & federal regulation
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(05).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;">'''(2018.Spring #5)'''</span>
 +
|| [[Porter.2-Devlpt]]
 +
|| '''regulation''': Gramm-Leach-Bliley Act
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(06).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;">'''(2018.Spring #6)'''</span>
 +
|| [[Cook.Personal]]
 +
|| '''residual markets''': ARPs ''(assigned risk plans)'', JUAs ''(Joint U/W Associations)''
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(07).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;">'''(2018.Spring #7)'''</span>
 +
|| [[Porter.12-Insolvency]]
 +
|| '''guaranty funds''': solvency regulation, insolvency, elimination of guaranty funds
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(08).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;">'''(2018.Spring #8)'''</span>
 +
|| [[Cook.Personal]], [[Germani.GovtIns]]
 +
|| '''government insurance''': reasons for, beachfront & windstorm, FAIR plans
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(09).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;">'''(2018.Spring #9)'''</span>
 +
|| [[Odomirok.14-F]]
 +
|| '''reinsurance''': location of line items in balance sheet & income statement
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(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;">'''(2018.Spring #10)'''</span>
 +
|| [[Odomirok.8-9-IS]]
 +
|| '''calculate''': statutory income, '''discuss''': expense allocation method
 +
|| essay / <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(11).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;">'''(2018.Spring #11)'''</span>
 +
|| [[Odomirok.15-P]]
 +
|| '''Schedule P''': net loss & expense ratio
 +
|| <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(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;">'''(2018.Spring #12)'''</span>
 +
|| [[Feldblum.Surplus]]
 +
|| '''calculate''': liquidate or continue operations
 +
|| <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(13).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;">'''(2018.Spring #13)'''</span>
 +
|| [[Odomirok.12-5yr]]
 +
|| '''interpret''': potential areas of concern ''(no calculations required)''
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(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;">'''(2018.Spring #14)'''</span>
 +
|| [[Odomirok.26-Taxes]]
 +
|| '''calculate''': TBI ''(Tax-Basis Income)''
 +
|| <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(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;">'''(2018.Spring #15)'''</span>
 +
|| [[NAIC.IRIS]]
 +
|| '''calculate''': IRIS 5, '''interpret''': how a regulator might respond
 +
|| essay / <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(16).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;">'''(2018.Spring #16)'''</span>
 +
|| [[NAIC.IRIS]]
 +
|| '''calculate''': IRIS 1,2,4, '''interpret''': how a regulator might respond
 +
|| essay / <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(17).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;">'''(2018.Spring #17)'''</span>
 +
|| [[Odomirok.25-Solv2]]
 +
|| '''3 pillars''': governance pillar ''(4 functional areas)''
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(18).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;">'''(2018.Spring #18)'''</span>
 +
|| [[Odomirok.19-RBC]]
 +
|| '''calculate''': RBC charge, '''discuss''': excessive premium growth charge
 +
|| essay / <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(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;">'''(2018.Spring #19)'''</span>
 +
|| [[Odomirok.22-23-GAAP]]
 +
|| '''calculate''': surplus, '''describe''': SAP vs GAAP, bond treatment under SAP
 +
|| essay / <span style="color: red;">'''calc'''</span>
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(20).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;">'''(2018.Spring #20)'''</span>
 +
|| [[Odomirok.16-17-SAO]], [[COPLFR.SAO]]
 +
|| '''AOS''': contents ''(vs SAO)'', '''SOA''': required sections, disclosures
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(21).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;">'''(2018.Spring #21)'''</span>
 +
|| [[COPLFR.SAO]]
 +
|| '''SAO''': disclosures ''(yes/no for 5 different situations)''
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(22).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;">'''(2018.Spring #22)'''</span>
 +
|| [[COPLFR.SAO]]
 +
|| '''SAO''': work of others, disclosures for changes in assumptions/procedures
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(23).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;">'''(2018.Spring #23)'''</span>
 +
|| [[COPLFR.SAO]]
 +
|| '''SAO''': Schedule P, point estimate of reserves, opinion
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(24).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;">'''(2018.Spring #24)'''</span>
 +
|| [[COPLFR.SAO]]
 +
|| '''AOS''': items A,B,C,D,E,
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(25).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;">'''(2018.Spring #25)'''</span>
 +
|| [[COPLFR.SAO]]
 +
|| '''SOA''': materiality standard ''(considerations, language for RELEVANT COMMENTS)''
 +
|| essay
 +
 
 +
|-
 +
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(26).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;">'''(2018.Spring #26)'''</span>
 +
|| [[Freihaut.Reins]]
 +
|| '''risk transfer testing''': 10-10 rule, substantially all rule, ERD method
 +
|| essay / <span style="color: red;">'''calc'''</span>
  
 
|-
 
|-
−
|| [https://www.battleactsmain.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(27).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>]
+
|| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(27).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;">'''(2018.Fall #27)'''</span>
+
|| <span style="color: red;">'''(2018.Spring #27)'''</span>
−
|| [[]]
+
|| [[NAIC.SSAP-62R]]
−
||  
+
|| '''reinsurance''': benefits, prospective vs retroactive
−
||  
+
|| essay
  
 
|}
 
|}

Latest revision as of 12:43, 16 April 2025

2022 Spring

Note: Thank you to everyone who submitted their grade report. The number of grade reports now seems credible and the statistics aren't changing with the inclusion of additional grade reports.

The following estimate is based on currently available grade reports submitted from unsuccessful candidates:

Estimated %-score required to pass Exam 6U in 2022-Spring 69.2%

Exam summaries as provided for 2019-Fall and earlier are no longer available because the CAS has stopped publishing exams and providing detailed grade reports to unsuccessful candidates. The grade reports currently provided to unsuccessful candidates now show only a 10% score range for each major learning objective. For example: Section A: 60-70%. Here are the average scores for each section across all candidates from whom we received a grade report:

Section Learning Objective Average Score
A Regulation of Insurance and U.S. Insurance Law 88%
B Government & Industry Insurance Programs 68%
C Financial Reporting & Taxation 60%
D Professional Responsibilities 75%
E Reinsurance Accounting Principles 44%

Score distribution and number of score reports received:

Candidate Score Number of Candidates
not provided 2
0 0
1 0
2 0
3 0
4 7
5 7
Total 16

2019 Fall

2019.Fall Avg Scores - All Candidates

Questions highlighted in orange are outdated.
link reference paper tested topic type of problem
E (2019.Fall #1) NAIC.Telematics UBI: benefits & concerns essay
E (2019.Fall #2) Dearie.Excess surplus lines: advantages, regulatory requirements essay
E (2019.Fall #3) Vaughan.Crisis regulation: judging effectiveness, reasons for failure, strengths of U.S. system essay
E (2019.Fall #4) Porter.12-Insolvency insolvency: types of corrective action by commissioner essay
E (2019.Fall #5) Feldblum.Ratings, Odomirok.19-RBC financial strength ratings: uses, capital requirements, comparison to RBC essay
E (2019.Fall #6) Porter.2-Devlpt legal: Paul v VA, SEUA case, McCarran-Ferguson Act essay
E (2019.Fall #7) 5 Germani.GovtIns crop insurance: private/public roles, RMAs, social welfare systems essay
E (2019.Fall #8) Horn2018.Flood flood insurance: FEMA & NFIP, private flood insurance (issues & barriers) essay
E (2019.Fall #9) Cook.Personal ARPs: social purpose, FAIR plans: uninsurable exposures, DIC policy essay
E (2019.Fall #10) Germani.GovtIns WC: impacts of lack of WC, federal & state WC programs essay
E (2019.Fall #11) Odomirok.6-7-BS, Odomirok.8-9-IS calculate: U/W income, year-end liabilities calc
E (2019.Fall #12) 4 Odomirok.6-7-BS, Odomirok.8-9-IS calculate: total assets (and give an example of a non-admitted asset) calc
E (2019.Fall #13) Odomirok.8-9-IS, NAIC.SSAP-62R reinsurance accounting: impact on Income Statement essay
E (2019.Fall #14) Odomirok.15-P calculate: closure rates, average case O/S: calculation, importance, cautions essay / calc
E (2019.Fall #15) 3 Odomirok.14-F calculate: reinsurance provision, describe: mapping between B/S & Schedule F essay / calc
E (2019.Fall #16) Odomirok.10-Notes notes to fin. stmts.: structured settlements, high deducs, credit risk, uncoll. reins. essay
E (2019.Fall #17) NAIC.IRIS calculate: IRIS ratios 4 & 9 calc
E (2019.Fall #18) Odomirok.19-RBC, NAIC.IRIS calculate: RBC R2 charge, interpret: RBC trend test, IRIS 5 calc
E (2019.Fall #19) Odomirok.19-RBC calculate: compnents of R4 charge, L+LAE resv, interpret: impact of new LOB on R4 essay / calc
E (2019.Fall #20) Odomirok.6-7-BS, Odomirok.22-23-GAAP calculate: SAP & GAAP bonds values, interpret: SAP vs GAAP essay / calc
E (2019.Fall #21) 2 Odomirok.22-23-GAAP calculate: goodwill, interpret: impact of sale on GAAP, goodwill under SAP & GAAP essay / calc
E (2019.Fall #22) Odomirok.16-17-SAO, COPLFR.SAO SAO: language for OPINION, items in Exhibit B essay
E (2019.Fall #23) Odomirok.16-17-SAO, COPLFR.SAO SAO: materiality, RMAD, subsequent events (see NAIC.SSAP-62R) essay / calc
E (2019.Fall #24) Odomirok.16-17-SAO, COPLFR.SAO SAO, AOS, Actuarial Report: users, purpose, public or confidential essay
E (2019.Fall #25) Odomirok.16-17-SAO, COPLFR.SAO SAO: disclosures in SCOPE section, provide an OPINION essay
E (2019.Fall #26) 1 Klann.ReinsComm, Odomirok.10-Notes commutations: definition, impact on losses & reserves, ann. stmt. disclosures essay
E (2019.Fall #27) Freihaut.Reins risk transfer tests: 10-10 rule, ERD rule, pitfalls in a risk transfer test (reinsurer expenses) essay
1 The answer to part (c) of this problem in the examiners' report likely contains an error. According to the Klann source text, a commutation will distort the claim closure rates in Part 5 of the reinsurer’s Schedule P, since from the reinsurer’s standpoint a commuted claim is considered to be closed. No mention is made regarding distortion of the ceding insurer's closure rates.
2 The examiners' report solution to this question is outdated. For an explanation, see this forum discussion.
3 The examiners' report contains an error in the answer to part (c). It says that "ceded amount payable to reinsurer" is not an acceptable answer. This is an acceptable answer however.
4 2019.F.12 listing real estate as a non-admitted asset is an error. According to the Odomirok text regarding non-admitted asset and real estate: Amounts held of specific types of bonds, stocks, mortgage loans or real estate that are in excess of limitations that exist in specific states. So, real estate is not fully non-admitted.
5 For part (a), the examiners' report incorrectly states that the federal government is the reinsurer. (It is RMA that is the reinsurer.)

2019 Spring

2019.Spring Avg Scores - All Candidates

Questions highlighted in orange are outdated.
link reference paper tested topic type of problem
E (2019.Spring #1) NAIC.Telematics UBI: benefits & concerns essay
E (2019.Spring #2) Porter.5-Opns-State, Porter.8-Rates rate filings: disapproval, level of regulatory scrutiny essay
E (2019.Spring #3) NAIC.Solvency, Porter.12-Insolvency insolvencies: reasons, stages of regulatory intervention, slow regulatory response essay
E (2019.Spring #4) Porter.2-Devlpt regulation: Paul v VA, U.S. v SEUA, NAIC recommendations essay
E (2019.Spring #5) Porter.2-Devlpt regulation: Clayton, Robinson-Patman, & McCarran-Ferguson Acts, NAIC model law essay
E (2019.Spring #6) Porter.12-Insolvency guaranty funds: how they work, coverage limitations, elimination essay
E (2019.Spring #7) Cook.Personal, Webel.TRIA-1 auto & terrorism: high-risk auto plans, TRIA (goals & loss-sharing) essay
E (2019.Spring #8) Germani.GovtIns, Horn2018.Flood WC, crop, flood: reasons for programs, subsidies, participation rates essay
E (2019.Spring #9) Odomirok.8-9-IS income statement: U/W income, investment income, bond value decrease calc
E (2019.Spring #10) Odomirok.8-9-IS, NAIC.IRIS calculate: SAP surplus, IRIS 9, identify: liquidity exhibits essay / calc
E (2019.Spring #11) Odomirok.15-P Schedule P: financial health, reserve adequacy essay
E (2019.Spring #12) Odomirok.18-IEE calculate: investment gain, describe: surplus allocation issues essay / calc
E (2019.Spring #13) Odomirok.19-RBC, Odomirok.16-17-SAO interpret: RBC ratio, calculate: materiality standard, R4, RBC ratio essay / calc
E (2019.Spring #14) NAIC.IRIS calculate: IRIS 10, 11, 12, 13 (and evaluate financial health) calc
E (2019.Spring #15) Odomirok.19-RBC calculate: R5 HARD calc
E (2019.Spring #16) Odomirok.22-23-GAAP fair value of liabilities: 3 required components under GAAP essay
E (2019.Spring #17) Odomirok.22-23-GAAP compare: SAP vs GAAP for various annual statement quantities essay
E (2019.Spring #18) Odomirok.16-17-SAO, COPLFR.SAO AOS: items A → E essay / easy calc
E (2019.Spring #19) Odomirok.16-17-SAO, COPLFR.SAO SAO: bright-line indicator test, RMAD essay / easy calc
E (2019.Spring #20) Odomirok.16-17-SAO, COPLFR.SAO SAO: id & opinion (language errors, qualified opinion, disclosures) essay
E (2019.Spring #21) Odomirok.16-17-SAO, COPLFR.SAO SAO: Exhibit A, language for SCOPE, disclosures (pooling, reins) essay / easy calc
E (2019.Spring #22) Odomirok.16-17-SAO, COPLFR.SAO SAO: opinion, RMAD, new business considerations essay / easy calc
E (2019.Spring #23) Freihaut.Reins, NAIC.SSAP-62R reinsurance: cash flows in a risk transfer test, accounting treatment essay
E (2019.Spring #24) Klann.ReinsComm commutations: price & taxation, motivation for commutation essay / HARD calc

2018 Fall

Questions highlighted in orange are outdated.
link reference paper tested topic type of problem
E (2018.Fall #1) NAIC.Price price optimization: regulation, permissibility under actuarial standards essay
E (2018.Fall #2) Porter.5-Opns-State, Porter.12-Insolvency financial exams, capital & surplus, rehab vs liquidation essay
E (2018.Fall #3) Porter.2-Devlpt, McCarty.Credit McCarran-Ferguson Act, shortcomings of credit scores essay
E (2018.Fall #4) Feldblum.Ratings financial strength ratings: importance, stability, information-sharing essay
E (2018.Fall #5) Baribeau.Regs Dodd-Frank: Federal Insurance Office functions & impact essay
E (2018.Fall #6) Horn.Flood NFIP: ways of selling, types of subsudies essay
E (2018.Fall #7) Cook.Personal residual markets: placing risks, loss allocation, FAIR plans essay
E (2018.Fall #8) Webel.TRIA-1 terrorism: federal/state/private roles, goals of TRIA essay
E (2018.Fall #9) Germani.GovtIns WC: ads/disds of exclusive state fund, WC residual market essay
E (2018.Fall #10) Odomirok.8-9-IS calculate: value of investments, surplus, balance sheet impact of events calc
E (2018.Fall #11) Odomirok.8-9-IS calculate: investment income, U/W income, PDR essay / calc
E (2018.Fall #12) Odomirok.15-P Schedule P: reporting conventions by line, interpretation of reinsurance essay
E (2018.Fall #13) Odomirok.15-P Schedule P: calculate reserve adequacy, considerations essay / calc
E (2018.Fall #14) Odomirok.18-IEE, Odomirok.8-9-IS calculate: unpaid loss, incurred loss, U/W gain calc
E (2018.Fall #15) Odomirok.14-F calculate: provision for reinsurance, strategies to reduce essay / calc
E (2018.Fall #16) NAIC.IRIS, Odomirok.8-9-IS calculate: IRIS 7 (you also need to calc surplus, see Odomirok) calc
E (2018.Fall #17) NAIC.IRIS calculate: IRIS 13, identify reserve adequacy concerns essay / calc
E (2018.Fall #18) Odomirok.19-RBC, NAIC.IRIS calculate: RBC ratio, action level & actions, regulator concerns essay / calc
E (2018.Fall #19) Odomirok.8-9-IS, Odomirok.22-23-GAAP SAP versus GAAP: intended users, differences between SAP & GAAP essay
E (2018.Fall #20) Odomirok.25-Solv2 calculate: technical provisions, items required by ORSA essay / calc
E (2018.Fall #21) Odomirok.16-17-SAO, COPLFR.SAO SAO: Exhibit A, AOS Exhibits A-D, type of opinion essay / calc
E (2018.Fall #22) Odomirok.16-17-SAO, COPLFR.SAO SAO: language for opinion & relevant comments, materiality standard essay / calc
E (2018.Fall #23) Odomirok.16-17-SAO, COPLFR.SAO SAO: identify location of given text & errors, type of opinion essay
E (2018.Fall #24) Odomirok.16-17-SAO, COPLFR.SAO SAO: identify required disclosures in SAO & AOS essay
E (2018.Fall #25) Freihaut.Reins risk transfer methods: 10-10 rule, ERD rule essay / calc
E (2018.Fall #26) Klann.ReinsComm commutation: definition, motivation essay

2018 Spring

link reference paper tested topic type of problem
E (2018.Spring #1) NAIC.Price price optimization: vs traditional ratemaking, discrimination, regulation, disclosures essay
E (2018.Spring #2) Porter.2-Devlpt surplus lines: exemption, regulation essay
E (2018.Spring #3) Vaughan.Crisis regulatory failure: forbearance, associated RBC action levels essay
E (2018.Spring #4) Porter.2-Devlpt regulation: Paul v VA, McCarran-Ferguson, state & federal regulation essay
E (2018.Spring #5) Porter.2-Devlpt regulation: Gramm-Leach-Bliley Act essay
E (2018.Spring #6) Cook.Personal residual markets: ARPs (assigned risk plans), JUAs (Joint U/W Associations) essay
E (2018.Spring #7) Porter.12-Insolvency guaranty funds: solvency regulation, insolvency, elimination of guaranty funds essay
E (2018.Spring #8) Cook.Personal, Germani.GovtIns government insurance: reasons for, beachfront & windstorm, FAIR plans essay
E (2018.Spring #9) Odomirok.14-F reinsurance: location of line items in balance sheet & income statement essay
E (2018.Spring #10) Odomirok.8-9-IS calculate: statutory income, discuss: expense allocation method essay / calc
E (2018.Spring #11) Odomirok.15-P Schedule P: net loss & expense ratio calc
E (2018.Spring #12) Feldblum.Surplus calculate: liquidate or continue operations calc
E (2018.Spring #13) Odomirok.12-5yr interpret: potential areas of concern (no calculations required) essay
E (2018.Spring #14) Odomirok.26-Taxes calculate: TBI (Tax-Basis Income) calc
E (2018.Spring #15) NAIC.IRIS calculate: IRIS 5, interpret: how a regulator might respond essay / calc
E (2018.Spring #16) NAIC.IRIS calculate: IRIS 1,2,4, interpret: how a regulator might respond essay / calc
E (2018.Spring #17) Odomirok.25-Solv2 3 pillars: governance pillar (4 functional areas) essay
E (2018.Spring #18) Odomirok.19-RBC calculate: RBC charge, discuss: excessive premium growth charge essay / calc
E (2018.Spring #19) Odomirok.22-23-GAAP calculate: surplus, describe: SAP vs GAAP, bond treatment under SAP essay / calc
E (2018.Spring #20) Odomirok.16-17-SAO, COPLFR.SAO AOS: contents (vs SAO), SOA: required sections, disclosures essay
E (2018.Spring #21) COPLFR.SAO SAO: disclosures (yes/no for 5 different situations) essay
E (2018.Spring #22) COPLFR.SAO SAO: work of others, disclosures for changes in assumptions/procedures essay
E (2018.Spring #23) COPLFR.SAO SAO: Schedule P, point estimate of reserves, opinion essay
E (2018.Spring #24) COPLFR.SAO AOS: items A,B,C,D,E, essay
E (2018.Spring #25) COPLFR.SAO SOA: materiality standard (considerations, language for RELEVANT COMMENTS) essay
E (2018.Spring #26) Freihaut.Reins risk transfer testing: 10-10 rule, substantially all rule, ERD method essay / calc
E (2018.Spring #27) NAIC.SSAP-62R reinsurance: benefits, prospective vs retroactive essay
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