graham
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Ok, I see. I edited Odomirok 8-9 to be consistent with chapter 22-33. It's a small thing but if it makes people stop and wonder, then it's taking away focus when it shouldn't be. Thx.
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I didn't even remember that forum question from before. I think I'll go ahead and change the Schedule BA RBC factor in the quiz 4 problem to 0.05. Thx!
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This discussion was moved to: https://www.battleacts6us.ca/vanillaforum6us/discussion/251/market-entrance-and-underwriting-guidelines
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Your reasoning would be correct, but where did you get your Schedule BA asset factor. I looked in the current version of Odomirok and it looks like the factor is 0.05. Also, the largest factor is 0.150 for unaffiliated common stock, so doubling any …
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Yup, thx!
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There seems to be a contradiction between the examiner's report and the source text for ASOP.41 because Section 3.4.4 (b) in ASOP.41 states: * If a material assumption or method is selected by another party, the actuary has three choices: *…
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Apologies, I normally include that information in the "Study Tips" section of articles that have changed. I have now added that for Odomirok, Chapter 14. Here's the link: * https://battleacts6us.ca/wiki6us/Odomirok.14-F#Study_Tips
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That's a wise strategy. Cover the high-value targets first, then come back later for the other stuff!
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That is my understanding: "Such requirements" refers to state requirements for the reason you gave. Note that questions from 2016 and prior that are listed in the Baribeau BattleTable are very likely outdated. (I just went back to make this more …
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Credit Risk Charge My opinion is that asking you to calculate the credit risk charge as it appears in Schedule F, Part 3, columns 21-36 is not a likely question. The reason is that if you look at the BattleTable for Odomirok.14-F, you'll see t…
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You're right, it can be primary or reinsurance. In my mind, I was thinking "reinsurance" because of the first "R" in NRRA, (which stands for reinsurance.) I changed the wiki to use the term "customer" so hopefully it's clearer now. Thanks.
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It's a little confusing because we're dealing with reinsurance. * In the NAIC.Solvency wiki page (paragraph 5-57), when I referred to "insurer" I was referring to the ceding insurer. * In the Dearie.Excess wiki page, when I referred to "insure…
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Such drama! (Scroll up for original post) I've linked here from the wiki and for others, here is the wiki reference where this came from: * https://battleacts6us.ca/wiki6us/Porter.2-Devlpt#1890:Sherman_Antitrust_Act.28and_others.29
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(Scroll up for original post) Da-Da-Da Ping, Ping Da-Da-Da Ping, Ping Da-Da-Da Ping, Ping, PING! (I've linked to here from the wiki.) And here is the section of the wiki this hint refers to: * https://battleacts6us.ca/wiki6us/Odomiro…
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Here's what I think they mean: With the ARP, the high-risk customer can be assigned to any insurer in the state based on WP. That insurer then handles everything related to that customer and covers the losses themselves. That part makes perfect sens…
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Thank you. I've corrected it.
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I paraphrased the answers from the examiner's reports for the 2 exam questions those BattleCards were based on and I did not notice the CAS answers were contradictory. I deleted the third answer for BattleCard 43 to resolve this. The actual exam que…
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Yes, I just haven't had a chance to do update them yet. Sorry about that. I thought it was probably better to take them down temporarily to avoid confusion. I believe the 3 wiki articles you listed were the only ones where I removed the formula summ…
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Actually, total recoverables are different from paid recoverables. Total recoverables includes several categories of recoverables not included with paid recoverables. You can see this by looking at these column headings in Schedule F: * Schedul…
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That was left over from something else. You can ignore it.
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I don't think you have that quite right. The 90-80 is intended to capture how the original $80 reserve developed over 2016. It would include changes to case and IBNR amounts, but also changes due to claims being paid and closed for amounts different…
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For some reason, I had added the Pn(B) amount (135) to the amount received in the prior 90days (20) to get 155. Not sure now why I did that. Looks like just a typo. Anyway, I've edited the pdf to show 135 for Pn(B). Thx!
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I see what you mean, but here's what's going on: * The reinsurer's investment return rate shouldn't play any role in determining whether risk transfer has occurred. The determination should be made primarily using insurance considerations, not …
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That was a typo. Thx. It should have been 2015.Fall Q26. I edited that sentence and also inserted a direct link to the problem to make it easier to find.
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Got it, thx!
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This also benefits policyholders because it ensures that coverage will always be available. (If rates had to be filed and rate increases were limited, insurers may be less willing to offer coverage to higher risk customers) I modified the BattleC…
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I see what you mean because the surplus ratio is obviously affected by reinsurance. The advantage I included in the wiki for this surplus allocation method came directly from the examiner's report answer to 2015.Fall Q13(b) but here's a more detaile…
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That is a good point and I went back and researched this. Basically, this is not discussed in the source text but there are 2 old exam problems where the sample answer states that insureds may not be aware of placement in a JUA. I have added a short…
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The text example provides a good illustration. * If a 63-year-old is injured, they are not eligible for Medicare so their injuries are covered by some other form of insurance, let's say WC for the sake of this example. * When this person tur…
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I wasn't as clear as I could be with my comment above: When I said above that under a JUA, insureds do not need to be rejected by the voluntary market, I meant that insureds are not aware that they have been rejected. When a driver applies to an …