1 - battle card "(T/F) in an economic downturn, a shift to lower credit scores causes higher premiums for everyone"

The question asks you to identify four items form the table that must be included in Exhibit A of the SAO. In Mr smith's example, there is also a Premium Reserves section. If the table has included d…

When looking at risk of material adverse deviation, do we focus solely on net reserves? Or do we also apply the materiality standard of 50% * 7000 = 3,500 to the direct and assumed reserves (e.g. doe…

In this exam question, we need to give examples of errors / omissions from the provided SCOPE statement. The examiner's report mentions that a common error was suggesting "the basis of reserves…

I did not know that the reinsurance described in this question counts as retroactive. Is a LPT a type of retroactive reinsurance, and if so, where can I learn more about them?

The question is to identify four items the actuary should disclose in the SCOPE paragraph. In the sample answers, Intercompany pooling is not included. Would that have been counted as incorrect? If s…

Could you explain how you get 300000 for reserve commuted? Thx

For this example, why doesn't the Reinsurance Recoverable from Contract #2 get added to the Credit Risk Charge for Non-Invested Assets as "amts receivable relating to uninsured plans"?

I'm confused when reviewing the example problems when comparing 2017 Spring #20 b and 2015 Fall #19 b. With regards to determining what regulatory action is required, for 2017 the discounting of est

Odomirok chapter deals with IFRS 17. From my read, the particular elements questioned in #20 are not covered in Odomirok. So, #20 is marked as outdated.

The examiner's report indicates a common error for part B was "Not including the reasons for the adverse development."

The question asks for the 4 largest R1 RBC risk charge categories. One of the listed answers is 'other non-insurance subsidiaries' but I don't see that category anywhere in the R1 section of the sour…

Based on the solution, what is stated as the formula in the wiki for Change in Tax is used to calculate Reinsurer Tax and Primary Insurer Tax. Isn't setting the change in tax for the reinsurer/primar…

In 2015 F 26, I am confused about provisional ceding commission, profit commission and ceding commission. Based on your definition of profit commission (a payment from reinsurer when ceded LR <

Could you explain more about the impact of commutation on net written premium? The answer says the commutation does not change current NWP, but does commutation reduce the ceded written premium? If s…

Is the answer in the Examiner's report to the definition of qualified actuary outdated in 2016 Fall #22 part a, just like 2013 Fall #27 part a and 2016 Spring #20? In other words, I should answer as y

The examiners report seems to indicate in this case that:

I think there is an issue with your practice problems for "2017.Fall#21(2021.Spring version)" the numbers in the solutions don't match those in the questions

It is not mentioned in the examiner's report but I am wondering if another possible answer is that each contract covers a catastrophic event so it is self-evident that risk transfer has occurred?

In the section that discusses the question and answers from 2019 Fall #2b there is the following note: