graham
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Yes, I've corrected it. Thanks!
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First, let's review the term "Policyholders' Surplus" or PHS: * Policyholder Surplus — the difference between an insurer's admitted assets and liabilities—that is, its net worth. This figure is used in determining the insurer's financial streng…
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You're welcome!
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First of all: RMAD is bad! (You can remember that because it rhymes!) But I completely understand your confusion. At first glance it does seem backwards but here's how I think about it. Let's look at an example: * MS = 3m * Reserves = 50m …
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Yes, they are different but you have to look at the exact wording in Exhibit A: * Reserve for unpaid losses * Reserve for unpaid loss adjustment expense So the first line is for what the claimant would receive while the second line refers …
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Sorry about that. It's fixed. (And yes, it was related to the updates I did last night. The questions didn't get uploaded properly for some reason.) Thanks for letting me know. We did have another person notify us also.
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Sorry for the delay in getting you this information. I decided to do some coding on the website rather than just give you a hardcopy list. There's a new link on the Main Page in the "Combat Training" box. * https://battleacts6us.ca/BattlePlan.p…
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All instances of this formula have now been updated to reflect the 2019 of the Odomirok source text.
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Yes, it's not always obvious which learning objective a reading should go with because some readings are listed under multiple objectives. I didn't do a mapping before because it didn't seem helpful in studying but now that the grade report subscore…
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Ok, I double-checked with a grader and my statement above is accurate.
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I have edited the purchase GAAP section to state that the 10% limit applies only to SAP.
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I believe that's correct for lists - they only look at the first x items. Otherwise people could list 20 items in the hopes that 3 are correct. The grader won't sift through all that. For calculation questions, my understanding is that individual…
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You're very welcome! Actually, Fall 2021 was the same as Spring 2022. There was 1 "new" article for Fall 2021, "Emmanuel.ExcessLines" but it was almost exactly the same as the old "Dearie.Excess" reading. All I did for Spring 2022 was remove the …
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I didn't make a list, but yes, if you look at the old ranking tables, you can see which readings were new by the red outline. (For everyone else, links to the old ranking tables are at the bottom of the current ranking table page.) The 2020 Sprin…
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I believe that reasoning is correct but it's crazy if they expected you to memorize that exception. (Further down in the examiner's report, they do mention that it's a Type 1 event, but I think an argument could be made that it's Type 2. In any c…
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The code was originally set to not show duplicate questions. For example, if there were 3 exam questions that asked you to calculate surplus, the BattleCard filter would only show the most recent. That was an old feature that is no longer required b…
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I've linked the wiki to your memory trick. Thx!
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Thx! I've mentioned your alternate hint in the wiki at this link: * https://battleacts6us.ca/wiki6us/Odomirok.19-RBC#Alice.27s_2nd_Day_.28Trend_Test_.26_Risk_Categories.29
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See link below. The link is also in the sidebar of the wiki under "Miscellaneous Battle Reports". https://battleacts6us.ca/wiki6us/Excel_Practice_Problems
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You're welcome!
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Take a look at footnote 1 in this section of the RBC wiki article: * https://battleacts6us.ca/wiki6us/Odomirok.19-RBC#Summary_for_R1_.26_R2
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Are we looking at the same edition? In the 2019 edition that I've got, table 75 is on page 243 and table 76 that is shown in the wiki is on page 244.
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Yes, that's a good suggestion. Thx! Sorry you wasted time on that. (I had marked it as outdated in the BattleCards and in the appropriate section in the wiki but I forgot to put a footnote in the BattleTable and change the cell color to orange.)
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I took the answers in that table directly from this exam problem: * https://battleacts6us.ca/pdf/Exam_(2015_2-Fall)/(2015_2-Fall)_(14).pdf I see your point but I also don't think they graded this too strictly. I suspect if you had listed "P…
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That does seem close to contradictory but I double-checked the Porter text and that is exactly what it says. I suspect the actual legislation is very detailed and a thorough study of it would probably clear this up. That would be well beyond what yo…
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The source text does show an exponent of +1/2 but that term is in the denominator. In the wiki, I placed that term in the numerator so that's why I had to use -1/2.
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An ARP (Assigned Risk Plan) doesn't share losses and expenses. Insureds are assigned to an ARP based on written premium market share but then each insurer fully absorbs the losses and expenses for the policies assigned to it.
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The difference between cooperative ratemaking and price-fixing is semantics. The term "cooperative" has good connotations whereas "price-fixing" is seen as bad. Cooperative means sharing information for the benefit of policyholders and the genera…
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It's generally just the L&LAE reserves. The specific items covered would be described in the SCOPE section of the SAO. The AOS just provides some extra (non-public) information on what was already discussed in the SAO. For Mr. Smith's SAO and AO…
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Glad you like the organization! It's always nice to get good feedback. By several days, I meant maybe 3-4 days. There are readings in the ranking table that say "2 days" and others that say "1 week", so I meant for "several days" to be somewhere …