COPLFR.SAO - Revision history

Graham at 22:25, 27 January 2026

2026-01-27T22:25:09Z

Graham at 22:23, 27 January 2026

2026-01-27T22:23:39Z

Graham at 22:22, 27 January 2026

2026-01-27T22:22:40Z

Graham at 22:21, 27 January 2026

2026-01-27T22:21:25Z

Graham at 22:20, 27 January 2026

2026-01-27T22:20:09Z

Graham at 22:18, 27 January 2026

2026-01-27T22:18:20Z

Graham at 22:17, 27 January 2026

2026-01-27T22:17:16Z

Graham at 22:15, 27 January 2026

2026-01-27T22:15:05Z

Graham: /* Pop Quiz */

2025-11-26T20:25:43Z

‎Pop Quiz

Graham at 11:40, 17 November 2025

2025-11-17T11:40:14Z

@@ Line 580: / Line 580: @@
 : For my choice: (400 + 50) '''&lt;''' 500 ==> '''YES''', RMAD exists
-: Students often ask whether this test for RMAD is backwards. Here is a ''[https://battleacts6us.ca/vanillaforum6us/discussion/408/materiality-standard-meaning forum discussion on RMAD]'' that addresses this confusion.
+: Students often ask whether this test for RMAD is backwards. Here is a ''[https://battleacts.discourse.group/t/materiality-standard-meaning/2790 forum discussion on RMAD]'' that addresses this confusion.
 : There is also another test related to RMAD called the ''[[Bright Line Indicator Test]]''. Click the link for an explanation.
 :{|class='wikitable
 |-
-|| There is a ''[https://www.battleacts6us.ca/vanillaforum6us/discussion/408/materiality-standard-meaning#latest brief forum comment]'' pointing out that it might be more intuitive to algebraically rearrange the formula used to test RMAD as follows:
+|| There is a ''[https://battleacts.discourse.group/t/materiality-standard-meaning/2790 brief forum comment]'' pointing out that it might be more intuitive to algebraically rearrange the formula used to test RMAD as follows:
 :* (high end of actuary's reserve range) - (reserves) '''>'''  materiality standard ==> '''YES''' ''(to RMAD)''
 :* (high end of actuary's reserve range) - (reserves) '''&le;'''  materiality standard ==> '''NO''' ''(to RMAD)''

@@ Line 385: / Line 385: @@
 : '''part (b)''': You can see from the COPLFR spreadsheet of exam questions that ''<u>work of others</u>'' is a top exam question from COPLFR. The answer is straightforward; it's a bullet point list from section (4.10.1) about items the appointed actuary should <u>consider</u>  (and consider disclosing) when making use of the work of another:
-: &nbsp;&nbsp;&rarr; Hint: <span style="color: red;">'''P-NEC'''</span> or alternately "'''(E)NPC'''" - see ''[https://www.battleacts6us.ca/vanillaforum6us/discussion/232/other-actuary-npc  this forum post for explanation]. <span style="color: green;">
+: &nbsp;&nbsp;&rarr; Hint: <span style="color: red;">'''P-NEC'''</span> or alternately "'''(E)NPC'''" - see ''[https://battleacts.discourse.group/t/other-actuary-npc/2620  this forum post for explanation]. <span style="color: green;">
-: &nbsp;&nbsp;&rarr; BONUS Hint: <span style="color: red;">'''PReQUL'''</span> - see the 2<sup>nd</sup> entry in ''[https://www.battleacts6us.ca/vanillaforum6us/discussion/232/other-actuary-npc  this forum thread for an explanation]. <span style="color: green;">
+: &nbsp;&nbsp;&rarr; BONUS Hint: <span style="color: red;">'''PReQUL'''</span> - see the 2<sup>nd</sup> entry in ''[https://battleacts.discourse.group/t/other-actuary-npc/2620  this forum thread for an explanation]. <span style="color: green;">
 :: <span style="color: red;">'''P'''</span>roportion of reserves covered by other person's work ''(relative to total reserves)''

@@ Line 362: / Line 362: @@
 ::: '''[D]''' ''Make a reasonable provision for the <u>unearned premium reserves for long duration contracts</u>'' ''(and possibly <u>Other Loss Reserve items</u> on which the Appointed Actuary is expressing an Opinion of the Company under the terms of its contracts and agreements.)''
-: You <u>must</u> memorize this. ''(See [https://battleacts6us.ca/vanillaforum6us/discussion/339/memory-trick-for-a-reasonable-opinion this forum post] for a memory trick. <span style="color: green;">)'' Of course, if the opinion is <u>not reasonable</u> the language will change. Sometimes the net reserves are reasonable while the gross reserves are not. This must all be disclosed. You should keep section (4) of COPLFR handy as you work through <u>all</u> the old exam problems. Don't do them now, though. Finish the steps in Alice's guided pathway first.
+: You <u>must</u> memorize this. ''(See [https://battleacts.discourse.group/t/memory-trick-for-a-reasonable-opinion/2723 this forum post] for a memory trick. <span style="color: green;">)'' Of course, if the opinion is <u>not reasonable</u> the language will change. Sometimes the net reserves are reasonable while the gross reserves are not. This must all be disclosed. You should keep section (4) of COPLFR handy as you work through <u>all</u> the old exam problems. Don't do them now, though. Finish the steps in Alice's guided pathway first.
 Here's a link to a more recent exam problem regarding the SAO opinion. <u>It's a hard problem</u>. I wouldn't recommend trying to solve it on your first pass through the SAO material, but at least read the statement of the problem so you know what's coming.

@@ Line 273: / Line 273: @@
 ::: <span style="color: red;">'''D'''</span>ata sources
-:: And here is ''[https://www.battleacts6us.ca/vanillaforum6us/discussion/591/scope-section-mnemonic another mnemonic for this list]'' for those of you with children who are afraid of the dark! <span style="color: green">''
+:: And here is ''[https://battleacts.discourse.group/t/scope-section-mnemonic/2971 another mnemonic for this list]'' for those of you with children who are afraid of the dark! <span style="color: green">''
 :: The <u>most frequently tested topic</u> from the scope section is '''reconciliation to Schedule P'''. We'll look at that next!

@@ Line 344: / Line 344: @@
 : So, you have to match each scenario to the correct type of opinion. There are no tricks &ndash; it's completely straightforward. Give it a try before looking at the answer!
-: &rarr; If you'd like a memory hint for these opinions, I reckon you can ''[https://www.battleacts6us.ca/vanillaforum6us/discussion/419/mnemonic-for-type-of-opinion click here]'' to go to a post by <span style="color: green;">'''Sharmishtha'''</span> in the forum!
+: &rarr; If you'd like a memory hint for these opinions, I reckon you can ''[https://battleacts.discourse.group/t/mnemonic-for-type-of-opinion/2800 click here]'' to go to a post by <span style="color: green;">'''Sharmishtha'''</span> in the forum!
 :{| class="wikitable"

@@ Line 252: / Line 252: @@
 |}
-:: I couldn't think of a good memory trick for this. If anyone comes up with one, let me know, in the forum or in an email. '''Update''': BattleActs user <u>''Casey and others''</u> posted a good memory trick to the forum ''[https://www.battleacts6us.ca/vanillaforum6us/discussion/5/scope-disclosures here]''. I've also reproduced the rearrangement below: [Hint: <span style="color: red;">'''DREARIRR'''</span>, pronounced ''<u>drearier</u>'' because this list is ''<u>dreary</u>'' to memorize!]
+:: I couldn't think of a good memory trick for this. If anyone comes up with one, let me know, in the forum or in an email. '''Update''': BattleActs user <u>''Casey and others''</u> posted a good memory trick to the forum ''[https://battleacts.discourse.group/t/scope-disclosures/2433 here]''. I've also reproduced the rearrangement below: [Hint: <span style="color: red;">'''DREARIRR'''</span>, pronounced ''<u>drearier</u>'' because this list is ''<u>dreary</u>'' to memorize!]
 ::: <span style="color: red;">'''D'''</span>ata sources

@@ Line 244: / Line 244: @@
 :* reviewed methods & assumptions in determining reserves
-: There is a tricky exam problem on this topic and a ''[https://www.battleacts6us.ca/vanillaforum6us/discussion/288/2018-f-23 forum discussion]'' that may be helpful in understanding the answer in the examiner's report. Here's the problem:
+: There is a tricky exam problem on this topic and a ''[https://battleacts.discourse.group/t/2018-f-23/2672 forum discussion]'' that may be helpful in understanding the answer in the examiner's report. Here's the problem:
 :: [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(23).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2018.Fall #23)'''</span>

@@ Line 78: / Line 78: @@
 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=COPLFR&suffix=SAO&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
-&nbsp;&nbsp;[https://www.battleacts6us.ca/vanillaforum6us/categories/coplfr-sao<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
+&nbsp;&nbsp;[https://battleacts.discourse.group/c/candidates-6u/coplfr-sao1/172<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
 You can take a quick look at those now, but I don't think they will be very helpful until you've built a foundation. There is just too much information to absorb. What you ''should'' keep in however is the following...
@@ Line 669: / Line 669: @@
 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=COPLFR&suffix=SAO&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
-&nbsp;&nbsp;[https://www.battleacts6us.ca/vanillaforum6us/categories/coplfr-sao<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
+&nbsp;&nbsp;[https://battleacts.discourse.group/c/candidates-6u/coplfr-sao1/172<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
 <hr>

@@ Line 27: / Line 27: @@
 # The '''bulk of the material''' on the SAO is in the wiki article ''[[COPLFR.SAO]]''.
-[https://battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=ASOP&suffix=36&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=2<span style="font-size: 20px; background-color: yellow; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Multiple Choice (mini BattleQuiz 2)]'''</span>&nbsp;&larr; for general review of topic
+[https://battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=ASOP&suffix=36&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=2<span style="font-size: 20px; background-color: yellow; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Multiple Choice (ASOP 36 - mini BattleQuiz 2)]'''</span>&nbsp;&larr; for general review of topic
 ==Study Tips==

@@ Line 3: / Line 3: @@
 '''Author''': Committee on Property and Liability Financial Reporting, American Academy of Actuaries
-[https://www.battleacts6us.ca/vanillaforum6us/categories/coplfr-sao<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
+[https://battleacts.discourse.group/c/candidates-6u/coplfr-sao1/172<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
 [https://www.battleacts6us.ca/vanillaforum6us/categories/coplfr-sao ''&nbsp;&nbsp; (Or click here for Legacy Forum &ndash; no longer monitored)''</span>]