Difference between revisions of "ASOP.43"

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(In Plain English!)
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This actuarial standard of practice (ASOP) provides guidance to actuaries when performing professional services relating to the estimation of loss and loss adjustment expense for unpaid claims for property/casualty coverages.
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ASOP 43, ''Property/Casualty Unpaid Claim Estimates'' provides guidance to actuaries when performing professional services relating to the estimation of loss and loss adjustment expense for unpaid claims for property/casualty coverages.
  
 
&nbsp;&nbsp;[https://www.battleacts6us.ca/vanillaforum6us/categories/asop-43<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://www.battleacts6us.ca/vanillaforum6us/categories/asop-43<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>]
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==Study Tips==
 
==Study Tips==
  
Virtually all of the material in the ASOPs is included in higher-ranked readings.
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There are 4 ASOPs: ''(Virtually all of the material in the ASOPs is included in higher-ranked readings.)''
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* [[ASOP.20]] ''(Discounting)''
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* [[ASOP.36]] ''(SAO)''
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* [[ASOP.41]] ''(Communications)''
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* [[ASOP.43]] ''(Reserve Estimates)''.
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'''Estimated study time''': 30 minutes ''(not including subsequent review time)''
  
 
==BattleTable==
 
==BattleTable==
  
Based on past exams, the '''main things''' you need to know ''(in rough order of importance)'' are:
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* ''this reading has not been tested on any exam from the year 2012 to Fall 2019 when the exams stopped being published.''
 
 
* ''this reading has not been tested on any exam from the year 2012 and subsequent''
 
  
 
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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=ASOP&suffix=43&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/asop-43<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>]
 
  
 
==In Plain English!==
 
==In Plain English!==

Latest revision as of 00:00, 28 October 2020

ASOP 43, Property/Casualty Unpaid Claim Estimates provides guidance to actuaries when performing professional services relating to the estimation of loss and loss adjustment expense for unpaid claims for property/casualty coverages.

  Forum

Study Tips

There are 4 ASOPs: (Virtually all of the material in the ASOPs is included in higher-ranked readings.)

Estimated study time: 30 minutes (not including subsequent review time)

BattleTable

  • this reading has not been tested on any exam from the year 2012 to Fall 2019 when the exams stopped being published.
reference part (a) part (b) part (c) part (d)
no prior questions

In Plain English!

The quiz covers items the AA must identify regarding unpaid claims estimates, factors that should be considered when selecting a methodology, and required disclosures within the report.

Full BattleQuiz You must be logged in or this will not work.