graham
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Thx! I've linked to it from the wiki: * https://battleacts6us.ca/wiki6us/Cedar.ReinsAccting#Functions_of_Reinsurance
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Thx! I've linked to your post from the wiki and here's a link to the relevant section of the wiki: * https://battleacts6us.ca/wiki6us/Odomirok.26-Taxes#Calculating_the_Tax-Basis_Income_.28Version_1.29
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AOS shows the actuary's estimates whereas the SAO does not. This includes the point-estimate and ranges if the actuary computed ranges in their analysis. The SAO shows only the booked amounts so the reader of the SAO doesn't know where in the actuar…
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No, not really. It's just one of things that helps give context to the material. However, It isn't a bad idea to know in general that equity risk and U/W risk are the biggest drivers. An exam question might provide a scenario and ask you for ways…
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Since the "general public" is included as an acceptable answer, you could make an argument that practically anybody is an intended user. But I think what they're getting at is the purpose behind the user. Another actuary could be any of the 5 accept…
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The point estimate is the result of the actuary performing their reserve analysis. So if they started with a triangle and calculated the ultimate loss using an appropriate method (like the standard development method) and then subtracted the reporte…
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Here's a short video explanation: * https://www.battleacts6us.ca/video/random_problem_generation.webm You can also copy the data and paste it into an Excel worksheet if you want to solve it in Excel.
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I think they were referring to my solution: * https://battleacts6us.ca/wiki6us/Odomirok.15-P#Our_Third_Calculation_.28back_to_Parts_2.2C3.29 And here is a snapshot of the part with the 36,350:
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Yes, and here's a direct link to the BattleTable for that article where you can find what you're looking for: * https://battleacts6us.ca/wiki6us/Odomirok.15-P#BattleTable
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Yes, the numbers in the lower table should be less than or equal to the numbers from the top table. I'm not too sure what I did there now since it was a few years ago. (You're the first person to notice that.) The procedure should still be the same …
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Yes, I missed that. The examiners' report did indeed exclude raising rates. I will make a note of that in the BattleCard. Thanks. I think they were just trying to trick people however. In retrospect, I can see that they used the term "on the verg…
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Updated, thx! (It's sometimes hard to track down all the different places in the examiners' reports that are affected when readings are updated.)
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Yup, typo. Corrected, thx!
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That's the spirit! Silly = Memorable!
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Done, thx!
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Corrected, thx!
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Glad we’re now on the same page. Literally.
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Is this what you're referring to? This was on page 141 of the edition I'm looking at. (The page numbers in the CAS Financial Reporting text depend on when you downloaded it from the CAS website. They published 2 editions that have different-sized fo…
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You're right that no past exam questions have asked you to do this. The purpose of that quiz is to help familiarize you with the layout of the financial statements just as background knowledge. Note however that an exam question could provide you…
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Sorry, those numbers were left over from a previous version of those 2 practice problems. I forgot to update the pop quiz accordingly. Here's the link to get back to the corrected version. Thx! * https://battleacts6us.ca/wiki6us/Odomirok.19-RBC…
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The Web-Based Problems are special types of BattleCards that bring up calculation problems rather than just being normal flash cards. From the Main Page after you login, click on BattleCards - Calculation Problems. It's the 3rd bullet point in th…
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That made me laugh, so I reckon it's a good mnemonic! I've linked to your post from within these 2 sections in the wiki: * https://battleacts6us.ca/wiki6us/Odomirok.16-17-SAO#The_Boring_Details_.28Yawn.29 * https://battleacts6us.ca/wiki6us/COP…
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Thx! I've linked to it from here: * https://battleacts6us.ca/wiki6us/Odomirok.19-RBC#Alice.27s_2nd_Day_.28Trend_Test_.26_Risk_Categories.29
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One can only hope!
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The data testing requirement is not part of the mnemonic device for what needs to be disclosed in the SCOPE section. This testing of data is done by the auditor and according to the top of page 36 in the COPLFR source text: * The Appointed Actu…
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Ideally, you'd do a quick scan of the source text, but (and you didn't here this from me!) a number of students have told me they never looked at the source text. I didn't know it was out of print but even before that, it was often difficult to get …
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That's not bad! Thx! I linked to it from the wiki here: * https://battleacts6us.ca/wiki6us/Odomirok.16-17-SAO#slush
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The end of the intro to section 2.1 in COPLFR (just before the start of section 2.1.1) states: * The term “Board of Directors” is used broadly throughout the 2021 NAIC SAO Instructions and specifically defined as “Board of Directors can include…
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I looked at your scores and that does look a bit strange. But I think it might just be that the web-based calculation problems are weighted much more heavily, and your scores are lower on those problems. See below. The other factor might be that you…