Question Regarding the L in the acronym SLuSH
Which lines of business are typically exempted from filing the SAO? Why are those lines of business exempted?
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Which lines of business are typically exempted from filing the SAO? Why are those lines of business exempted?
Comments
The source material doesn't specifically call out any lines of business - so I wouldn't lose too much sleep over this.
Here's my 2 cents on it, though: to get an exemption, a company needs to file for it (it's not just automatically granted). There may be certain circumstances that a company might argue, depending on the line of business, that an SAO is not needed because it's not very actuarial complex, or in runoff, or I'm sure there are other unique situations that might be valid. But for the purpose of Exam 6, I think it's enough to know that L stands for lines of business.