michael7

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michael7
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  • I now see the duration in 2017 is for how long capital is held not when loss payments are made. Thank you, anyways.
    in #20 Comment by michael7 April 22
  • Ok, thank you. Two follow up questions if you do not mind. Who then underwrites the policies? And second, just to confirm, the study cheat sheet is inaccurate by saying the under the title "Govt" it "Reinsurers (Fed Govt)" in the Govt Participatio…
    in 2019 Fall 7 Comment by michael7 April 21
  • Please excuse my error, I meant #4 for Spring 2017 not Fall. Is this problem outdated?
    in #4 Comment by michael7 April 18
  • Are the other answers still accurate for RMA? For example, help farmers prevent losses and underwriting the policies? Thank you.
    in 2019 Fall 7 Comment by michael7 April 18
  • Ok thank you. The examiner's report stated we needed to list both no timing risk and no significant risk of loss.
    in #28 Comment by michael7 April 17
  • Thank you for the response, then why is Anticipated Salvage and Subrogation listed as one of the 11 differences between SAP and GAAP? The wiki article also states: anticipated salvage & subrogation: (this difference is less familiar) - …
    in Total Paid and Unpaid Net of Sal/Sub Comment by michael7 April 8
  • I am having trouble understanding the SAP vs GAAP differences for anticipated salvage and subrogation. Is SAP and therefore Schedule P gross of anticipated S&S but net of received S&S while GAP is net of both anticipated and received S&…
    in Total Paid and Unpaid Net of Sal/Sub Comment by michael7 April 7
  • So is the agents balance Type 1 but immaterial? Graham above states that he believes this is a Type II event contradicting what you wrote above. Can you clarify please?
    in Exam Problem 2018 Fall #10 Comment by michael7 April 7
  • Thank you, this makes sense.
    in Question 21 part c Comment by michael7 March 19
  • This is very helpful thank you so much, Graham.
    in Syllabus Changes since last released exam Comment by michael7 March 19
  • Thank you very much. Since it seems this is not currently available is there a way to see previous syllabus changes further back than the most recent sitting? Like each exams syllabus changes wiki? This way I can see what is new over the years.
    in Syllabus Changes since last released exam Comment by michael7 March 18
  • The Examiner's Report also states this about Part C: "Notes: Candidates were not marked incorrect if they interpreted Company A’s intercompany pooling percentage of 0% as not participating in a pooling agreement. " This seems like it would dras…
    in Question 21 part c Comment by michael7 March 18