Difference between revisions of "Odomirok.8-9-IS"
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Based on past exams, the '''main things''' you need to know ''(in rough order of importance)'' are: | Based on past exams, the '''main things''' you need to know ''(in rough order of importance)'' are: | ||
− | * <span style="color: green;">'''surplus'''</span> | + | * <span style="color: green;">'''surplus:'''</span> <u>calculation</u> of surplus, surplus changes, non-I/S surplus changes & <u>reasons</u> for surplus changes |
− | * | + | * <span style="color: blue;">'''statutory income:'''</span> calculation of statutory income |
: {| class="wikitable" style="width: 1000px;" | : {| class="wikitable" style="width: 1000px;" | ||
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|- | |- | ||
| [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> | | [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> | ||
− | || ''' | + | || <span style="color: blue;">'''statutory income:'''</span> <br> - calculate |
|| '''expense allocation''': <br> - impact on profitability | || '''expense allocation''': <br> - impact on profitability | ||
|| '''expense allocation''': <br> - actuary's involvement | || '''expense allocation''': <br> - actuary's involvement | ||
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|- | |- | ||
| [https://www.battleacts6us.ca/pdf/Exam_(2017_2-Fall)/(2017_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;">'''(2017.Fall #9)'''</span> | | [https://www.battleacts6us.ca/pdf/Exam_(2017_2-Fall)/(2017_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;">'''(2017.Fall #9)'''</span> | ||
− | || ''' | + | || <span style="color: blue;">'''statutory income:'''</span> <br> - calculate |
|| '''users & purpose''': <br> - B/S & I/S <span style="color: red;">'''<sup>1</sup>'''</span> | || '''users & purpose''': <br> - B/S & I/S <span style="color: red;">'''<sup>1</sup>'''</span> | ||
| style="background-color: lightgrey;" | | | style="background-color: lightgrey;" | |
Revision as of 14:24, 24 December 2018
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BattleTable
Based on past exams, the main things you need to know (in rough order of importance) are:
- surplus: calculation of surplus, surplus changes, non-I/S surplus changes & reasons for surplus changes
- statutory income: calculation of statutory income
reference part (a) part (b) part (c) part (d) E (2018.Spring #9) define:
- insurer recoverabledefine:
- insurer payabledefine:
- reinsurer funds helddefine:
- reinsurance provisionE (2018.Spring #10) statutory income:
- calculateexpense allocation:
- impact on profitabilityexpense allocation:
- actuary's involvementE (2017.Fall #9) statutory income:
- calculateusers & purpose:
- B/S & I/S 1E (2017.Fall #10) surplus:
- calculate surplusE (2017.Fall #13) calculate:
- value of bondsregulator concerns:
- regarding assetsE (2016.Fall #14) surplus:
- calculate surplusfinancial health:
- evaluateE (2015.Fall #15) surplus:
- non-I/S surplus changessurplus:
- total surplus changesurplus:
- reasons for surplus chgE (2014.Fall #12) surplus:
- calculate surplussee NAIC.IRIS see Odomirok.10-Notes E (2013.Fall #19) SAP:
- identify errorssurplus:
- calculate surplusreinsurance:
- reasons to purchaseregulator concerns:
- fair valueE (2012.Fall #14) surplus:
- impact on surplussee Odomirok.19-RBC
- 1 B/S stands for Balance Sheet, and I/S stands for Income Statement.
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Memorize:
Conceptual:
Calculational: