W2 - Revision history

185.93.229.4: /* The Basics */

2019-02-02T21:47:55Z

‎The Basics

185.93.229.4: /* BattleCodes */

2019-02-02T13:14:54Z

‎BattleCodes

185.93.229.4: /* A Possible Calculation */

2019-02-02T13:14:01Z

‎A Possible Calculation

185.93.229.4: /* A Possible Calculation */

2019-02-02T13:13:23Z

‎A Possible Calculation

185.93.229.4: /* A Possible Calculation */

2019-02-02T13:12:47Z

‎A Possible Calculation

185.93.229.4: /* A Concept Question */

2019-02-02T13:11:58Z

‎A Concept Question

185.93.229.4: /* In Plain English! */

2019-02-02T12:59:29Z

‎In Plain English!

185.93.229.4: /* BattleTable */

2019-02-02T12:51:27Z

‎BattleTable

185.93.229.4: Created page with " [https://www.battleacts6us.ca/vanillaforum6us/categories/webel-tria-2
2019-02-02T12:51:07Z

Created page with " [https://www.battleacts6us.ca/vanillaforum6us/categories/webel-tria-2<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; b..."

New page
  [https://www.battleacts6us.ca/vanillaforum6us/categories/webel-tria-2'''Forum''']

==Pop Quiz==

==BattleTable==

Based on past exams, the '''main things''' you need to know ''(in rough order of importance)'' are:
* ''there are currently no old exam problems from this reading''

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! style='width: 175px;' | reference !! style='width: 175px;' | part (a) !! style='width: 175px;' | part (b) !! style='width: 175px;' | part (c) !! part (d)

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[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Webel&suffix=TRIA-2&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all'''Full BattleQuiz]''' '''You must be logged in or this will not work.'''

  [https://www.battleacts6us.ca/vanillaforum6us/categories/webel-tria-2'''Forum''']

==In Plain English!==

This reading is easy to cover. It's worth reading the source paper - it will only take 10 minutes.

The first page of the reading provides a very nice summary of TRIA, along with its 2005 & 2007 extensions, and the '''critical extension & update of Jan 12, 2015'''.

: {| class="wikitable"
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| The 2015 legislation of the 114th Congress extended TRIA almost 6 years, to the end of 2020
|}

'''Side note:''' The 2007 extension provided coverage for all terrorism ''(including domestic)'' whereas the 2002 version covered only foreign terrorism.

The only things you have to know are the '''differences''' between the 2015 version of TRIA versus the 2002 version.

* decrease federal loss-sharing gradually from 85% to 80% (also called co-insurance)
* increase program trigger by $20 million/year from $100 million to $200 million
* increase the mandatory recoupment from $27.5 billion to $37.5 billion

That's it! ''(There are actually 4 more items in the list of differences on page 2, but it's very unlikely you'd be asked for all of them.)

[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Webel&suffix=TRIA-2&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all'''Full BattleQuiz]''' '''You must be logged in or this will not work.'''

==BattleCodes==

Memorize:

Conceptual:

Calculational:

==POP QUIZ ANSWERS==

← Older revision		Revision as of 21:47, 2 February 2019
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	That's it! ''(There are actually 4 more items in the list of differences on page 2, but it's very unlikely you'd be asked for all of them.)		That's it! ''(There are actually 4 more items in the list of differences on page 2, but it's very unlikely you'd be asked for all of them.)
		+
		+	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Webel.TRIA-2&suffix=14-F&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=1<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 1]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>

	===A Concept Question===		===A Concept Question===

← Older revision		Revision as of 13:14, 2 February 2019
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	[https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Webel&suffix=TRIA-2&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=Webel&suffix=TRIA-2&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>
−
−	~~==BattleCodes==~~
−
−	~~Memorize:~~
−
−
−	~~Conceptual:~~
−
−
−	~~Calculational:~~

	==POP QUIZ ANSWERS==		==POP QUIZ ANSWERS==

@@ Line 61: / Line 61: @@
 ===A Possible Calculation===
-A question the CBO (Congressional Budget Office in the U.S.) probably considered is the impact of the 2015 changes to TRIA. Could you calculate reimbursement under the original TRIA versus the 2015 version. You already have the basic formula from the [[Webel.TRIA-1]]. Actually, this calculation could be part of an answer to the question posed above.
+A question the CBO ''(Congressional Budget Office in the U.S.)'' probably considered is the impact of the 2015 changes to TRIA. Could you calculate reimbursement under the original TRIA versus the 2015 version. You already have the basic formula from the [[Webel.TRIA-1]]. Actually, this calculation could be part of an answer to the question posed above.
 ''(Obviously the reimbursement under the 2015 version would be lower, so the federal government would save money. '''Or would it?''' What if private insurers became insolvent after a big terrorist attack, '''either foreign or domestic'''? The government would likely need to step in, and any savings may disappear.)''

@@ Line 61: / Line 61: @@
 ===A Possible Calculation===
-A question the CBO (Congressional Budget Office in the U.S.) probably considered is the impact of the 2015 changes to TRIA. Could you calculate reimbursement under the original TRIA versus the 2015 version. You already have the basic formula from the [[Webel1.TRIA]]. Actually, this calculation could be part of an answer to the question posed above.
+A question the CBO (Congressional Budget Office in the U.S.) probably considered is the impact of the 2015 changes to TRIA. Could you calculate reimbursement under the original TRIA versus the 2015 version. You already have the basic formula from the [[Webel.TRIA-1]]. Actually, this calculation could be part of an answer to the question posed above.
 ''(Obviously the reimbursement under the 2015 version would be lower, so the federal government would save money. '''Or would it?''' What if private insurers became insolvent after a big terrorist attack, '''either foreign or domestic'''? The government would likely need to step in, and any savings may disappear.)''

@@ Line 61: / Line 61: @@
 ===A Possible Calculation===
-A question the CBO (Congressional Budget Office in the U.S.) probably considered is the impact of the 2015 changes to TRIA. Could you calculate reimbursement under the original TRIA versus the 2015 version. You already have the basic formula from the Webel1.TRIA. Actually, this calculation could be part of an answer to the question posed above.
+A question the CBO (Congressional Budget Office in the U.S.) probably considered is the impact of the 2015 changes to TRIA. Could you calculate reimbursement under the original TRIA versus the 2015 version. You already have the basic formula from the [[Webel1.TRIA]]. Actually, this calculation could be part of an answer to the question posed above.
 ''(Obviously the reimbursement under the 2015 version would be lower, so the federal government would save money. '''Or would it?''' What if private insurers became insolvent after a big terrorist attack, '''either foreign or domestic'''? The government would likely need to step in, and any savings may disappear.)''
 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Webel&suffix=TRIA-2&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>

@@ Line 55: / Line 55: @@
 * TRIA was originally intended to be temporary, but terrorism is still considered uninsurable. The private market is stronger ''(prices are down & penetration is up)'' but there is concern that if TRIA does eventually expire, there will be a subsequent lack of AA (Availability & Affordability). '''Discuss the implications of ending TRIA after 2020.'''
-Actually, this would be more like a <u>PhD dissertation</u> than a question on an actuarial exam. Interesting to think about nonetheless. Even if this specific question doesn't appear on the exam, thinking about it will deepen your understanding of terrorism insurance in general. You'll then have a better chance of answering whatever question they do ask.
+Actually, this would be more like a <u>PhD dissertation</u> than a question on an actuarial exam. Interesting to think about nonetheless. Even if this specific question doesn't appear, thinking about it will deepen your understanding of terrorism insurance in general. You'll then have a better chance of answering whatever question they do ask.
 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Webel&suffix=TRIA-2&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>

@@ Line 27: / Line 27: @@
 ==In Plain English!==
 This reading is easy to cover. It's worth reading the source paper - it will only take 10 minutes.
@@ Line 46: / Line 48: @@
 That's it! ''(There are actually 4 more items in the list of differences on page 2, but it's very unlikely you'd be asked for all of them.)
 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Webel&suffix=TRIA-2&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>

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 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Webel&suffix=TRIA-2&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>