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Practice Exam 2 #17 and #22
by CK1 ·For Question #17d, is the question faulty? I think it is missing an actual question. -
GAAP Treatment of Discounting Loss Reserves
by jimmynguyen9 ·Going back to 2019 Spring #17, since one answer says "GAAP: Discounting of Loss Reserves is common", would this contradict the BattleAct notes of "no discounting except in certain cases -
Battle Card 17#16 ACC Calculation
by amberxmc ·I am confused about which column is applied with RBC factor to get ACC. From my understanding is based on sorted top 10 total assets, I only pick first 10 from R1(column 1) to get R1 ACC, only pick fi -
general expenses when calculating Net Income (Net Profit)
by lkto22 ·Hi from 12F#17a, what are the items typically included in the "PPE incurred"? Thank you in advance. -
Spring 2019 #17
by zachboaz ·One of the common mistakes for the 'Discounting Loss Reserves' was "Not stating the extend of possible loss reserve discounting for the SAP. For example, under SAP only tabular discounting allow… -
Fall 2012 #17
by JJJ ·For a, why are we not considering the net investment income and the realized capital gain for the next investment gain? Is it because it’s not for PPA-liability specifically? -
Total Profit (Loss)
by zachboaz ·Based on Fall 2012 #17a, it seems as though the 'Pre-tax profit excluding InvGain' term is really just UW income, is this incorrect? -
GAAP Treatment of Discounting Loss Reserves
by zporiri ·On 2019 Spring #17, the following were accepted answers: -
GAAP Treatment of Discounting Loss Reserves
by zporiri ·2019 Spring #17 lists "GAAP: discounts reserve" as an answer worth full credit of .5 points -
R2
by meowyadoin ·Could you please explain Pop Quiz E using the 2 practice problems like 2015.Fall #17? -
general expenses when calculating Net Income (Net Profit)
by nkekar ·Why do we subtract out 100% of general expenses in 2015-Spring #13 a when calculating Net Income, but we only subtract out half in 2012 Fall #17 a. Do we just state an assumption for this on exam da -
Fall 2018 #17
by zporiri ·In calculating the 1 year loss reserve development, why are we able to simply calculate the difference in one year incurred losses? Wouldn't the increase in incurred losses be due to a combination of… -
SAP vs GAAP treatment of Discounting Loss Reserves
by joshchou ·but in Spring 2019, #17, sample responses: -
2015 Spring #17
by semibratova ·In the solution to Spring 2015 #17, the "change in reserve discount" is given as 550 x .05-500 x.08.