marquaty

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marquaty
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  • Thanks Graham. Yeah I think swapping the incurred and expected makes more sense.
    in PDR Calculation Comment by marquaty October 2022
  • This was actually the situation on 2016.Spring.24, part a. I had selected the deviation that would get to the 300% level and put some comments in my exam that although we wouldn't necessarily have a company action level, we would be subject to th…
    in Materiality Standard - RBC action level approach Comment by marquaty October 2022
  • Sharmishtha, I was just looking at this today. Take a look at Fall.2016.1. Description of act: "The Robinson-Patman Act is an amendment to the Clayton Act that allows price discrimination only if it can be explain by operation efficiencies lea…
    in Clayton and Robinson Patman Acts Comment by marquaty October 2022
  • Sorry to poke my nose in here, but been trying to look at the same thing. I think the differentiation of DTA in these two exam problems is the 'Net' status. In 2016.s.15 we have DTA > DTL and thus we treat the difference as admitted. In 2019…
    in DTAs - an admitted asset? Comment by marquaty October 2022
  • Spring Exam 2016 #15 includes net DTA as an admitted asset.
    in DTAs - an admitted asset? Comment by marquaty October 2022
  • I think it might be question 20. I'm looking at this one now and I'm confused. Examiner's report states a common error included: "Stating the need to disclose other actuary's credentials or qualifications" But source text (practice note, pg …
    in disclosures when using work from another actuary Comment by marquaty October 2022
  • This is straight from Odom text (pg 156): "Discovery year is generally used for fidelity and surety policies, as it is difficult to determine the actual date the “loss” occurs. As the name suggests, discovery year represents the calendar year in wh…
    in Surety Insurance - Discovery Year Comment by marquaty September 2022
  • SOLUTION 1: Use the Bright Line Indicator Test https://battleacts6us.ca/wiki6us/Bright_Line_Indicator_Test * 10% [Net Loss Reserves] > TAC - CAL * 10% [Net Loss Reserves] > [RBC Ratio * ACL] - 2*ACL * 10% [Net Loss Reserves] > AC…
    in New Question - RBC and SAO (may not be simple enough?) Comment by marquaty September 2022
  • Sorry disregard, I overlooked the forum section noted in the Wiki. https://www.battleacts6us.ca/vanillaforum6us/discussion/288/2018-f-23
    in Fall 2018 #2 - SCOPE Section Comment by marquaty September 2022
  • OK thanks! It's also defined similarly on page 180 (Odom) in the footnote referencing NAIC A.S. Instructions. SSAP 65, however, specifically states "Tabular reserves shall not include medical loss reserves or loss adjustment expense reserves." (65…
    in 2017 Spring #19 Comment by marquaty September 2022
  • @graham I think the footnote you cited is actually referencing the wrong confusing bit in the textbook. What I mean is the inclusion of "01 Unaffiliated bonds" in the example isn't at odds with the text description like the Wiki footnote suggests…
    in BSC Comment by marquaty September 2022