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BattleTable

Based on past exams, the main things you need to know (in rough order of importance) are:

• surplus allocation - calculating the value/ratio, explaining & evaluating the method
• investment gain - calculating the value/ratio
• miscellaneous IEE topics - impact on stakeholders, profit (loss), prepaid expenses, capital gains, comparison to UIE (U/W & Investment Exhibit)

reference	part (a)	part (b)	part (c)	part (d)
E (2017.Spring #11)	investment gain: - calculate value	surplus allocation: - impact of exposure shift
E (2016.Fall #10)	investment gain: - calculate ratio	surplus allocation: - calculate ratio	IEE (commercial): - impact on stakeholders
E (2016.Spring #11)	investment gain: - calculate value	prepaid expenses: - treatment of
E (2015.Fall #13)	surplus allocation: - calculate value	surplus allocation: - evaluate method
E (2015.Spring #13)	pre-tex profit (loss): - calculate ratio to surplus	surplus allocation: - evaluate method
E (2014.Fall #11)	see Odomirok.8-9-IS	IEE vs UIE: - 2 differences	unrealized capital gains: - exclude from tot. inv. gain	surplus allocation: - IEE vs ratemaking
E (2014.Spring #13)	surplus allocation: - calculate value	surplus allocation: - evaluate method	IEE vs Page 14: - presentation of data
E (2013.Fall #15)	surplus allocation: - explain method	surplus allocation: - evaluate method	surplus allocation: - propose new method	IEE (commercial): - impact on stakeholders
E (2012.Fall #17)	IEE profit (loss): - calculate	IEE profit (loss): - how is it used	rate adequacy: - - based on IEE

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In Plain English!

Intro

When I filled in the BattleTable above, it became blazingly obvious what the most important topic was: surplus allocation. It's also obvious that on the past few exams, they emphasized the calculation of investment gain. This gets to the heart of the unwritten rule of Exam 6. There is lots of repetition. If this weren't the case, nobody would have a chance in hell of passing. Note the very low pass ratios on exams following major syllabus changes.

There are 2,500 pages of material so there's no way you can learn everything. The key is paying attention to what's been asked in the past. Now, the questions usually aren't exactly the same, but they're close enough so if you know how to solve past questions, you'll have a good chance of answering current questions. But every now and then, they throw in something totally new and that's always tough. To prepare for questions that haven't appeared before, always ask yourself as you're reading the material: Would this make a good exam question? If you think it would, then write down the question & answer, and memorize it. Sometimes you'll be right, sometimes you won't.

An interesting aside is that about half-a-dozen articles for Exam 6-US are also on Exam 6-Canada, but I can't copy the wiki articles verbatim. You would think I could, but the exam questions are generally different and the wiki articles have to be modified to reflect that. Someone who aces the Canadian questions would likely have trouble with the U.S. questions, and vice-versa, even though the Canadian and U.S. exams purportedly cover the same material.

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