NAIC.SSAP-5R - Revision history

Graham: /* A Few More Facts */

2026-01-22T01:18:28Z

‎A Few More Facts

Graham at 17:15, 16 January 2026

2026-01-16T17:15:56Z

Graham at 17:15, 16 January 2026

2026-01-16T17:15:13Z

Graham: /* A Few More Facts */

2025-12-27T20:21:46Z

‎A Few More Facts

Graham: /* A Few More Facts */

2025-12-27T20:21:27Z

‎A Few More Facts

Graham: /* A Few More Facts */

2025-12-27T20:19:26Z

‎A Few More Facts

Graham: /* A Few More Facts */

2025-12-27T20:17:46Z

‎A Few More Facts

Graham: /* Basic Facts */

2025-12-27T20:16:14Z

‎Basic Facts

Graham: /* A Few More Facts */

2025-12-27T20:14:44Z

‎A Few More Facts

Graham: /* A Few More Facts */

2025-12-27T20:12:46Z

‎A Few More Facts

@@ Line 94: / Line 94: @@
 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=NAIC&suffix=SSAP-5R&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>
-=== A Few More Facts ===
+=== Lower Probability Exam Items ===
 If you want to go into a little more depth in this article, Ian-the-Intern pulled out 5 exam-type questions from various paragraphs within the reading. You should only cover these if you've already studied all the high-value topics thoroughly.

@@ Line 6: / Line 6: @@
 [https://www.battleacts6us.ca/vanillaforum6us/categories/naic-ssap-5r ''&nbsp;&nbsp; (Or click here for Legacy Forum &ndash; no longer monitored)''</span>]
-[https://battleacts8.ca/6u/video/500_Impairment_(v01).mp4 <span style="color: black; font-size: 12px; background-color: aqua; border: solid; border-width: 2px; border-radius: 10px; border-color: aqua; padding: 5px 10px 5px 10px; margin-top: 100px;">'''(4:15) &rarr; Impairment - General Overview'''</span>]
+<span style="display: inline-block; background-color: blue; color: white; font-weight: bold; text-align: center; line-height: 50px; width: 50px; height: 50px; border-radius: 50%;">VIDEO</span> &rarr;
 {| class='wikitable' style='background-color: navajowhite;

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 [https://battleacts.discourse.group/c/candidates-6u/naic-ssap-5r/223<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/naic-ssap-5r ''&nbsp;&nbsp; (Or click here for Legacy Forum &ndash; no longer monitored)''</span>]
 {| class='wikitable' style='background-color: navajowhite;

@@ Line 96: / Line 96: @@
 * These 5 questions are ranked in order of importance (according to Ian!)
-These questions and answers aren’t included in the BattleCards because they’re unlikely to appear on the exam, and including them might suggest they’re required study. Think of them as optional extras rather than core material.
+These questions and answers <u>aren’t included in the BattleCards</u> because they’re unlikely to appear on the exam, and including them might suggest they’re required study. Think of them as optional extras rather than core material.
 {| class="wikitable"

@@ Line 93: / Line 93: @@
 If you want to go into a little more depth in this article, Ian-the-Intern pulled out 5 exam-type questions from various paragraphs within the reading. You should only cover these if you've already studied all the high-value topics thoroughly.
 * These 5 questions are ranked in order of importance (according to Ian!)
-* These questions/answers are not in the BattleCards because they would have just cluttered up the presentation.
 {| class="wikitable"

← Older revision		Revision as of 20:16, 27 December 2025
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	That's about it. Here's the quiz...		That's about it. Here's the quiz...
		+
		+	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=NAIC&suffix=SSAP-5R&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>

	=== A Few More Facts ===		=== A Few More Facts ===

← Older revision		Revision as of 20:14, 27 December 2025
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	=== A Few More Facts ===		=== A Few More Facts ===
		+
		+	If you want to go into a little more depth in this article, Ian-the-Intern pulled out 5 exam-type questions from various paragraphs within the reading. You should only cover these if you've studied all the high-value topics thoroughly.

	{\| class="wikitable"		{\| class="wikitable"

@@ Line 97: / Line 97: @@
 ! '''Comment / Why It Matters'''
 |-
-| '''¶12'''
+| '''12'''
 | If a loss contingency is probable and reasonably estimable <span style="background-color: navajowhite;">as a range</span>, but no amount within the range is a better estimate than another, what amount should be accrued?
 | Accrue the '''midpoint (mean)''' of the estimated range. If the high end of the range cannot be quantified, then no range exists and management’s '''best estimate''' is used.
 | Very testable measurement rule. Easy to miss under pressure.
 |-
-| '''¶11'''
+| '''11'''
 | When is a judgment considered <span style="background-color: thistle;">“rendered”</span> for purposes of recognizing a liability, and do appeals affect recognition?
 | A judgment is rendered when the '''court enters a verdict'''. The ability to appeal does '''not''' delay accrual. The liability includes anticipated settlement amounts, legal costs, and related recoveries.
 | Creates an automatic presumption of accrual.
 |-
-| '''¶32'''
+| '''32'''
 | When must a loss contingency be <span style="background-color: navajowhite;">disclosed</span> even if it is not accrued, and what must be disclosed?
 | Disclosure is required when there is at least a '''reasonable possibility''' of loss. The disclosure must describe the '''nature''' of the contingency and provide an '''estimate of the loss or range''', or state that it cannot be estimated.
 | Tests recognition vs disclosure distinction.
 |-
-| '''¶5–6'''
+| '''5–6'''
 | How should a reporting entity measure its obligation under a <span style="background-color: thistle;">joint and several liability</span> arrangement when the total obligation is fixed but payments for co-obligors are uncertain?
 | Record the sum of (1) the entity’s agreed share and (2) any additional amount it '''expects to pay on behalf of co-obligors''', using the best estimate or midpoint if no estimate is better.
 | Measurement detail for Joint & Several Liability.
 |-
-| '''¶38'''
+| '''38'''
 | How should <span style="background-color: navajowhite;">gain contingencies</span> be treated in statutory financial statements?
 | Gain contingencies are '''not accrued'''. The nature may be disclosed, but care must be taken to avoid misleading implications about the likelihood of realization.