graham
About
- Username
- graham
- Joined
- Visits
- 4,034
- Last Active
- Roles
- Administrator
Comments
-
There are many different ways to set up ceding commissions, but your example accurately captures the basic idea: the ceding commission is a percentage of ceded premium. (The purpose of ceding commissions of course is to help the ceding company cover…
-
Thanks for pointing that out. I have added a note about rounding to the IRIS ratios wiki. I also checked the examiner's reports and they do not usually round to the nearest percent, so I'm not sure I would do that on the exam unless you explain what…
-
Sorry, I see what you mean now. I've modified the formulas in the wiki to be consistent with the text and exam problems. Originally, I was using the term other income generically to mean everything other than U/W income and net investment income whi…
-
I'm not sure which problem you're referring to. At first, I thought it was the practice template that's modeled on 2017.Fall Q10. But "Other Income" is provided as item J in the table. Is it possible that you just need to scroll down to see the bott…
-
P.S. The site WILL work on Android devices.
-
Sorry for the trouble you're having. We are aware of this issue and are working to resolve it. There is something different about the way Apple handles javascript code in certain circumstances. I'm afraid I can't provide an estimated resolution date…
-
All these different rulings are difficult to untangle. Here is how I understand it: * Blue Shield entered into agreements with selected pharmacies * Respondents (those bringing action against Blue Shield) claimed this caused a boycott and ther…
-
Good question. I added an example to the wiki. Here's the direct link: * https://battleacts6us.ca/wiki6us/RBC_for_Holding_Companies You can also get there from this subsection of the main RBC article: * https://battleacts6us.ca/wiki6us…
-
Those statements do seem contradictory but here's what's going on: * If credit score is introduced as a rating variable, it's possible for the aggregate premium to go up, down, or stay the same, as it would when any change to the rating algorit…
-
I just reread that example with HI and AK, and I'm not sure now what I was thinking when I wrote the last sentence. I struck it out and inserted a different sentence that refers to HI as being the state that would licence the broker since Alice is i…
-
Oh, don't beat yourself up too much. It sounds like you actually did understand it but you just got that one small piece mixed up. :-)
-
Your last statement is not correct - the ultimate losses after the commutation are higher. The net ultimate before the commutation was 8,750 whereas after it was 10,250. (You didn't have to calculate the new ultimate loss in part (a), but you could …
-
You are right that this is confusing. And you're also right that that's what I meant when I said the changes are subtracted. I think they calculated the change in provision for reinsurance "backwards" so they could just add all those rows to get the…
-
Yes, that's a typo. That extra rePgross on the end shouldn't be there. I have made the correction in the wiki. Thanks!
-
Well, that was an unlucky combination of numbers. Sorry you had your correct answer marked wrong due to rounding. I have now doubled the tolerance for IRIS 13 when the computer checks the answer so that should resolve the issue. (I also changed the …
-
Awesome!
-
A paragraph got accidentally deleted from the "Intro" article. I put it back and here's the link: * https://battleacts6us.ca/wiki6us/Exam_6-US_Intro#The_BattleActs_Scoring_System Basically, the lapse statistic for each BattleCard tells you …
-
Yup, thanks! I have corrected it.
-
First just a reminder that COPLFR is the main source for SAO material but there are also 2 others: * Odomirok Chapter 16 (SAO) & 17 (AOS) * ASOP 36 also overlaps with chapters 16 & 17 of Odomirok as well as COPLFR Second, there is …
-
The straightforward answer to your question is that "accounting basis" generally refers to SAP versus GAAP. This is mentioned in a sidebar in section 3.2 of the COPLFR reading and the paragraphs given in the question did specify SAP. That means that…
-
Excellent!
-
Ok, that's an easy one for me to answer! You will see [setup required] for exam problems where the actual exam question is too long to fit in the BattleCard. You then have to click the yellow "E" in the left hand column to bring up the actual exa…
-
If you have reached the level where you can answer you own questions, then my work is done! Nice job!
-
I understand where you're coming from. It would be nice to be able to check a few answers and put your mind at ease rather than waiting 6-8 weeks, and I've had others sometimes ask me the same thing. In all honesty, it's something I didn't really…
-
Thank you for highlighting this. I will add an explicit comment regarding this point.
-
I reviewed the answer in the examiner's report and here are my comments (given that it's just 1 day before the exam.) * The lengthy explanation in the examiner's reports indicates that this was a very difficult problem to get completely correct…
-
Thanks for bringing this to my attention. I've added more explanatory notes to the footnote and the practice template itself. Sorry for the confusion.
-
Do you remember where you saw this?
-
I've looked into this some more and I can't see how "Other non-insurance subs" could ever go into R0. That just doesn't make sense. But I believe it could go into R1 or R2, I suppose, depending on whether the sub is considered fixed income or equ…
-
Hmm... the examiner's report says "Other non-insurance subs" can go into either R0, R1, or R2. But now that I'm looking at this again, I'm not sure how it would ever go into R0. Let me check up on this and I'll get back to you. It could be an err…