Difference between revisions of "F"
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− | || [https://www.battleacts6us.ca/pdf/NAIC.Ex2_(Liberty) | + | || [https://www.battleacts6us.ca/pdf/NAIC.Ex2_(Liberty)_Sched_F_Part_1.pdf <span style="color: white; font-size: 12px; background-color: green; border: solid; border-width: 2px; border-radius: 10px; border-color: green; padding: 1px 3px 1px 3px; margin: 0px;">'''''Schedule F – Part 1'''''</span>] |
|| 110-114 || 5 pages || ?? | || 110-114 || 5 pages || ?? | ||
Revision as of 20:02, 19 January 2019
Contents
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BattleTable
Based on past exams, the main things you need to know (in rough order of importance) are:
- reinsurance provision calculation
- Sched F solvency testing - strengths & weaknesses of using Schedule F for solvency testing
- SAO reinsurance collectability amount versus Schedule F reinsurance provision
- "Certified" category - benefits to insurers & reinsurers of this special category
reference part (a) part (b) part (c) part (d) E (2018.Spring #9) define:
- reinsurer recoverabledefine:
- reinsurer payabledefine:
- reinsurer funds helddefine:
- reinsurance provisionE (2017.Fall #14) balance sheet:
- restate to gross of reSched F solvency testing:
- strength/weaknessE (2017.Spring #14) reinsurance provision:
- calculate"Certified" category:
- benefitsreinsurance provision:
- how to improveE (2016.Fall #13) reinsurance provision:
- calculateSched F solvency testing:
- strength/weaknessE (2016.Spring #14) reinsurance provision:
- calculate"Certified" category:
- benefitsE (2015.Spring #15) reinsurance provision:
- calculatereinsurance provision:
- how to reduceSAO reins. collectability:
- vs. Sched F provisionE (2013.Fall #16) SCENARIO:
- slow-paying reinsurer?reinsurance provision:
- calculatereinsurance provision:
- calculate (unauthorized re)Sched F solvency testing:
- potential enhancmentsE (2012.Fall #19) reinsurance provision:
- calculateSAO reins. collectability:
- vs. Sched F provisionSAO reins. collectability:
- vs. Sched F provisionSched F solvency testing:
- strength/weakness
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In Plain English!
Introduction
When I start a new chapter, I like to orient myself by sketching a out the chapter contents. Schedule F has 8 parts:
Schedule F PART & Link Page Range # of Pages Relative
ImportanceSchedule F – Part 1 110-114 5 pages ?? 2 114-114 1 pages ?? 3 115-121 7 pages ?? 4 121-122 2 pages ?? 5 122-126 5 pages ?? 6 126-128 3 pages ?? 7 128-131 4 pages high 8 128-138 11 pages ??
2018.Spring #9
Let's look at this exam question from 2018.Spring:
- E (2018.Spring #9)
I was little surprised because they haven't asked a question like this before. Most of the old questions are calculations. Anyway, they ask you to define and classify the given financial statement quantities as assets, liabilities, or income statement items. This is a very typical question from an accounting course and if you've had an accounting course, you'll probably find it easy. Here's how I think about it:
- Money coming in (a receivable or recoverable) is good! A receivable is an asset.
- Money going out (a payable) is bad! A payable is an liability.
...finish this later...
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BattleCodes
Memorize:
Conceptual:
Calculational: