Odomirok.14-F
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Based on past exams, the main things you need to know (in rough order of importance) are:
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:
- calculatereinsurance provision:
- Certified categ. benefitreinsurance provision:
- how to improveE (2016.Fall #13) reinsurance provision:
- calculateSched F solvency testing:
- strength/weaknessE (2016.Spring #14) reinsurance provision:
- calculatereinsurance provision:
- Certified categ. benefitE (2015.Spring #15) reinsurance provision:
- calculatereinsurance provision:
- how to reducereinsurance provision:
- vs. SAO collectabilityE (2013.Fall #16) SCENARIO:
- slow-paying reinsurer?reinsurance provision:
- calculatereinsurance provision:
- calculate (unauthorized re)enhancements to Schedule F:
- for solvency testingE (2012.Fall #19) reinsurance provision:
- calculatereinsurance provision:
- vs. SAO collectabilityreinsurance provision:
- vs. SAO collectabilitySched F solvency testing:
- strength/weakness
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In Plain English!
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: