Difference between revisions of "Odomirok.11-GenInt"
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| − | + | '''Reading''': Financial Reporting Through the Lens of a Property/Casualty Actuary - '''Chapter 11''' - '''General Interrogatories''' | |
| − | + | '''Author''': ''Kathleen C. Odomirok'', FCAS, MAAA, ''Liam M. McFarlane'', FCIA, FCAS, ''Gareth L. Kennedy'', ACAS, MAAA, ''Justin J. Brenden'', FCAS, MAAA, ''EY'' | |
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| + | [https://www.battleacts6us.ca/vanillaforum6us/categories/odomirok-11-genint<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>] | ||
| + | |||
| + | {| class='wikitable' style='background-color: navajowhite; | ||
| + | |- | ||
| + | || '''BA Quick-Summary''': <span style="color: green;>'''General Interrogatories'''</span> | ||
| + | |||
| + | The General Interrogatories are a '''series of questions''' included in the statutory Annual Statement of an insurance company. There are 2 parts: | ||
| + | |||
| + | * '''Part 1''': common questions for <u>all</u> types of insurers | ||
| + | * '''Part 2''': specific questions for <u>property/casualty</u> insurers. | ||
| + | |||
| + | The '''purpose''' of these interrogatories is to provide additional clarity and identify areas that might require further regulatory review such as: | ||
| + | * company operations | ||
| + | * financial conditions | ||
| + | * exposures to catastrophic events | ||
| + | |||
| + | |} | ||
==Study Tips== | ==Study Tips== | ||
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==BattleTable== | ==BattleTable== | ||
| − | * ''this reading has not been tested on any exam from the year 2012 | + | * ''this reading has not been tested on any exam from the year 2012 to Fall 2019 when the exams stopped being published.'' |
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The '''purpose''' of the ''General Interrogatories'' is to provide further information on: [Hint: <span style="color: red;">'''COB'''</span> - ''yummy like corn-on-the-'''cob'''] | The '''purpose''' of the ''General Interrogatories'' is to provide further information on: [Hint: <span style="color: red;">'''COB'''</span> - ''yummy like corn-on-the-'''cob'''] | ||
| − | : <span style="color: red;">'''C'''</span> | + | : <span style="color: red;">'''C'''</span>ontrols ''(both internal & external)'' |
: <span style="color: red;">'''O'''</span>perations | : <span style="color: red;">'''O'''</span>perations | ||
: <span style="color: red;">'''B'''</span>usiness practices | : <span style="color: red;">'''B'''</span>usiness practices | ||
Latest revision as of 23:11, 27 June 2024
Reading: Financial Reporting Through the Lens of a Property/Casualty Actuary - Chapter 11 - General Interrogatories
Author: Kathleen C. Odomirok, FCAS, MAAA, Liam M. McFarlane, FCIA, FCAS, Gareth L. Kennedy, ACAS, MAAA, Justin J. Brenden, FCAS, MAAA, EY
| BA Quick-Summary: General Interrogatories
The General Interrogatories are a series of questions included in the statutory Annual Statement of an insurance company. There are 2 parts:
The purpose of these interrogatories is to provide additional clarity and identify areas that might require further regulatory review such as:
|
Study Tips
Spend no more than 10 minutes on this chapter.
BattleTable
- this reading has not been tested on any exam from the year 2012 to Fall 2019 when the exams stopped being published.
reference part (a) part (b) part (c) part (d) no prior questions
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In Plain English!
The purpose of the General Interrogatories is to provide further information on: [Hint: COB - yummy like corn-on-the-cob]
- Controls (both internal & external)
- Operations
- Business practices
And here are a few examples of items discussed in the General Interrogatories: [Hint: R-MESS - the interrogatories are a mess of further information]
- Regulatory exams
- –
- Merger activity
- Exemptions from regulations
- Sales commissions - whether they're excessive just to acquire business
- Suspension of licenses - if applicable
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