Difference between revisions of "Exam Summaries"

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__FORCETOC__
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==2019 Spring==
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Based on user feedback, the BattleCards corresponding to the <span style="color: red;">'''2019.Spring'''</span> exam will NOT be loaded into the BattleActs database until <u>after</u> the '''2019.Fall''' exam. This is to provide the opportunity for practice on a fresh exam prior to your real exam.
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''This links in this table currently show the questions only because the examiner's report has not yet been released. The examiner's report is expected to be released sometime in June 2019.''
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: {| class="wikitable" style="width: px;"
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|-
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! link !! reference !! paper tested !! topic !! type of problem
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #1)'''</span>
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|| [[NAIC.Telematics]]
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|| '''UBI''': benefits & concerns
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|| essay
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #2)'''</span>
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|| [[Porter.5-Opns-State]], [[Porter.8-Rates]]
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|| '''rate filings''': disapproval, level of regulatory scrutiny
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|| essay
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #3)'''</span>
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|| [[NAIC.Solvency]], [[Porter.12-Insolvency]]
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|| '''insolvencies''': reasons, stages of regulatory intervention, slow regulatory response
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|| essay
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #4)'''</span>
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|| [[Porter.2-Devlpt]]
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|| '''regulation''': Paul v VA, U.S. v SEUA, NAIC recommendations
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|| essay
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #5)'''</span>
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|| [[Porter.2-Devlpt]]
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|| '''regulation''': Clayton, Robinson-Patman, & McCarran-Ferguson Acts, NAIC model law
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|| essay
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #6)'''</span>
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|| [[Porter.12-Insolvency]]
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|| '''guaranty funds''': how they work, coverage limitations, elimination
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|| essay
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #7)'''</span>
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|| [[Cook.Personal]], [[Webel.TRIA-1]]
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|| '''auto & terrorism''': high-risk auto plans, TRIA ''(goals & loss-sharing)''
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|| essay
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #8)'''</span>
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|| [[Germani.GovtIns]]
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|| '''WC, crop, flood''': reasons for programs, subsidies, participation rates
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|| essay
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #9)'''</span>
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|| [[Odomirok.8-9-IS]]
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|| '''income statement''': U/W income, investment income, bond value decrease
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|| <span style="color: red;">'''calc'''</span>
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #10)'''</span>
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|| [[Odomirok.22-23-GAAP]], [[NAIC.IRIS]]
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|| '''calculate''': SAP surplus, IRIS 9, '''identify''': liquidity exhibits
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|| essay / <span style="color: red;">'''calc'''</span>
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #11)'''</span>
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|| [[Odomirok.15-P]]
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|| '''Schedule P''': financial health, reserve adequacy
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|| essay
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #12)'''</span>
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|| [[Odomirok.18-IEE]]
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|| '''calculate''': investment gain '''describe''': surplus allocation issues
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|| essay / <span style="color: red;">'''calc'''</span>
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #13)'''</span>
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|| [[Odomirok.19-RBC]], [[Odomirok.16-17-SAO]]''
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|| '''interpret''': RBC ratio, '''calculate''': materiality standard, R4, RBC ratio
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|| essay / <span style="color: red;">'''calc'''</span>
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #14)'''</span>
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|| [[NAIC.IRIS]]
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|| '''calculate''': IRIS 10, 11, 12, 13 ''(and evaluate financial health)''
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|| <span style="color: red;">'''calc'''</span>
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #15)'''</span>
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|| [[Odomirok.19-RBC]]
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|| '''calculate''': R5
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|| <span style="color: red;">'''HARD calc'''</span>
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #16)'''</span>
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|| [[Odomirok.22-23-GAAP]]
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|| '''fair value of liabilities''': 3 required components under GAAP
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|| essay
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #17)'''</span>
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|| [[Odomirok.22-23-GAAP]]
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|| '''compare''': SAP vs GAAP for various annual statement quantities
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|| essay
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #18)'''</span>
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|| [[Odomirok.16-17-SAO]], [[COPLFR.SAO]]
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|| '''AOS''': items A &rarr; E
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|| essay / <span style="color: red;">'''easy calc'''</span>
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #19)'''</span>
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|| [[Odomirok.16-17-SAO]], [[COPLFR.SAO]]
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|| '''SAO''': bright-line indicator test, RMAD
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|| essay / <span style="color: red;">'''easy calc'''</span>
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #20)'''</span>
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|| [[Odomirok.16-17-SAO]], [[COPLFR.SAO]]
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|| '''SAO''': id & opinion ''(language errors, qualified opinion, disclosures)''
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|| essay
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #21)'''</span>
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|| [[Odomirok.16-17-SAO]], [[COPLFR.SAO]]
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|| '''SAO''': Exhibit A, language for SCOPE, disclosures ''(pooling, reins)''
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|| essay / <span style="color: red;">'''easy calc'''</span>
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #22)'''</span>
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|| [[Odomirok.16-17-SAO]], [[COPLFR.SAO]]
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|| '''SAO''': opinion, RMAD, new business considerations
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|| essay / <span style="color: red;">'''easy calc'''</span>
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #23)'''</span>
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|| [[Freihaut.Reins]], [[NAIC.SSAP-62R]]
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|| '''reinsurance''': cash flows in a risk transfer test, accounting treatment
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|| essay
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|-
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|| [https://www.battleacts6us.ca/pdf/Exam_(2019_1-Spring)/(2019_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>]
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|| <span style="color: red;">'''(2019.Spring #24)'''</span>
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|| [[Klann.ReinsComm]]
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|| '''commutations''': price & taxation, motivation for commutation
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|| essay / <span style="color: red;">'''HARD calc'''</span>
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|}
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==2018 Fall==
 
==2018 Fall==
  

Revision as of 16:09, 21 June 2019

2019 Spring

Based on user feedback, the BattleCards corresponding to the 2019.Spring exam will NOT be loaded into the BattleActs database until after the 2019.Fall exam. This is to provide the opportunity for practice on a fresh exam prior to your real exam.

This links in this table currently show the questions only because the examiner's report has not yet been released. The examiner's report is expected to be released sometime in June 2019.

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 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.22-23-GAAP, 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

Based on user feedback, the BattleCards corresponding to the 2018.Fall exam will NOT be loaded into the BattleActs database until after the 2019.Spring exam. This is to provide the opportunity for practice on a fresh exam prior to your real exam.

But for reference, here is a listing of topics and questions for 2018.Fall

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 marekts: 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
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