F - Revision history

185.93.229.4: /* More Practice */

2019-02-01T15:07:01Z

‎More Practice

185.93.229.4: /* Certified Reinsurers */

2019-02-01T15:06:27Z

‎Certified Reinsurers

185.93.229.4: /* 2017.Fall #14 */

2019-02-01T14:55:57Z

‎2017.Fall #14

185.93.229.4: /* 2018.Spring #9 */

2019-02-01T14:55:41Z

‎2018.Spring #9

185.93.229.4: /* 2017.Fall #14 */

2019-02-01T04:03:43Z

‎2017.Fall #14

185.93.229.4: /* 2017.Fall #14 */

2019-02-01T04:03:14Z

‎2017.Fall #14

185.93.229.4: /* 2017.Fall #14 */

2019-02-01T04:02:21Z

‎2017.Fall #14

185.93.229.4: /* 2017.Fall #14 */

2019-02-01T04:00:54Z

‎2017.Fall #14

185.93.229.4: /* 2017.Fall #14 */

2019-01-31T21:59:46Z

‎2017.Fall #14

185.93.229.4: /* 2017.Fall #14 */

2019-01-31T21:58:36Z

‎2017.Fall #14

← Older revision		Revision as of 15:07, 1 February 2019
Line 474:		Line 474:

	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=14-F&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=6<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 6]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>		[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=14-F&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=6<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 6]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
−
−	~~<hr>~~

	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=14-F&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>		[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=14-F&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>

← Older revision		Revision as of 15:06, 1 February 2019
Line 469:		Line 469:
	:: = <u>60</u>		:: = <u>60</u>

		+	===More Practice===
		+
		+	There is no new material here. The quiz just has a few exam problems that weren't covered in previous sections.
		+
		+	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=14-F&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=6<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 6]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>

	<hr>		<hr>

@@ Line 211: / Line 211: @@
 Also note that none was classified as an ''income statement'' item. ''(That was a red herring)''
-====2017.Fall #14====
+====2017.Fall #14 (calculation)====
 After years of asking you to calculate the ''reinsurance provision'', the CAS switched to a new type of problem involving restatement of the balance sheet:

@@ Line 187: / Line 187: @@
 :* '''RP''' is a <u>minimum reserve</u> ''(calculated under SAP)'' that reflects estimated <u>uncollectible</u> reinsurance recoveries
-====2018.Spring #9====
+====2018.Spring #9 (essay)====
 Let's review an old exam question related to this mapping:

@@ Line 251: / Line 251: @@
 : [https://www.battleacts6us.ca/pdf/Odomirok.Ch14_(17S.14)_practice_01.pdf <span style="color: white; font-size: 12px; background-color: green; border: solid; border-width: 2px; border-radius: 10px; border-color: green; padding: 1px 3px 1px 3px; margin: 0px;">'''''1 practice problem like 2017.Fall #14'''''</span>]
-The mini BattleQuiz has a practice template for this problem for more torture.
+The mini BattleQuiz has a practice template for this problem for more torture. :-)
 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=14-F&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=2<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 2]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>

← Older revision		Revision as of 04:03, 1 February 2019
Line 250:		Line 250:

	: [https://www.battleacts6us.ca/pdf/Odomirok.Ch14_(17S.14)_practice_01.pdf <span style="color: white; font-size: 12px; background-color: green; border: solid; border-width: 2px; border-radius: 10px; border-color: green; padding: 1px 3px 1px 3px; margin: 0px;">'''''1 practice problem like 2017.Fall #14'''''</span>]		: [https://www.battleacts6us.ca/pdf/Odomirok.Ch14_(17S.14)_practice_01.pdf <span style="color: white; font-size: 12px; background-color: green; border: solid; border-width: 2px; border-radius: 10px; border-color: green; padding: 1px 3px 1px 3px; margin: 0px;">'''''1 practice problem like 2017.Fall #14'''''</span>]
		+
		+	The mini BattleQuiz has a practice template for this problem for more torture.

	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=14-F&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=2<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 2]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>		[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=14-F&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=2<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 2]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>

@@ Line 249: / Line 249: @@
 Once you understand the above solution, here's a practice problem:
-: [https://www.battleacts6us.ca/pdf/Odomirok.Ch14_(17S.14)_practice_01.pdf <span style="color: white; font-size: 12px; background-color: green; border: solid; border-width: 2px; border-radius: 10px; border-color: green; padding: 1px 3px 1px 3px; margin: 0px;">'''''restate balance sheet - practice'''''</span>]
+: [https://www.battleacts6us.ca/pdf/Odomirok.Ch14_(17S.14)_practice_01.pdf <span style="color: white; font-size: 12px; background-color: green; border: solid; border-width: 2px; border-radius: 10px; border-color: green; padding: 1px 3px 1px 3px; margin: 0px;">'''''1 practice problem like 2017.Fall #14'''''</span>]
 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=14-F&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=2<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 2]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>

@@ Line 245: / Line 245: @@
 The next obvious question is: ''how do these items change'' or in other words ''how do you restate the balance sheet to a <u>gross</u> of reinsurance basis. Alice has ''(again)'' reworked the problem in her own style to make it easier to understand:
-: put link here
+: [https://www.battleacts6us.ca/pdf/Odomirok.Ch14_(17F.14).pdf <span style="color: white; font-size: 12px; background-color: green; border: solid; border-width: 2px; border-radius: 10px; border-color: green; padding: 1px 3px 1px 3px; margin: 0px;">'''''Schedule F - 2017.Fall #14'''''</span>]
 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=14-F&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=2<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 2]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>

@@ Line 224: / Line 224: @@
 |}
-:: '''assets''': ''only these 2 line items change''
+:: '''assets''': ''only these 2 line items change'' (line numbers refer to the labels in Schedule F, Part 8)
 ::: <u>line 3</u>: reinsurance recoverable on loss and loss adjustment expense payment
 ::: <u>line 6</u>: net amount recoverable from reinsurers

@@ Line 212: / Line 212: @@
 ====2017.Fall #14====
 One of the uses of Schedule F is monitoring the solvency of the insurer by evaluating the ''credit-worthiness'' of its reinsurers. But what if the insurer had <u>no</u> reinsurance protection? How would this change its balance sheet? Well, this is shown in Part 8, and it's actually pretty easy.
@@ Line 238: / Line 242: @@
 This sounds very much like the line 15 item: ''funds held by company under reinsurance treaties''. One needs an adjustment ''(line 15)'' and the other one doesn't. The KEY to remembering which is which is that the one requiring adjustment has the word '''''treaties''''' in it. ''(The other doesn't)''
 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=14-F&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=2<span style="font-size: 20px; background-color: aqua; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''mini BattleQuiz 2]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>