Staff_J1
About
- Username
- Staff_J1
- Joined
- Visits
- 171
- Last Active
- Roles
- Administrator
Comments
-
I see your point.. CAS is known for being very 'grey' on these type of questions, and it's a bit of a coin toss. I would say, your example you gave above is the best way to decipher the questions. Try to see how many points the question is worth …
-
From my understanding the fact that premiums are paid annually would not impact anything for the reason you mentioned - timing risks still exists as the amount/date of the claim settlements remain uncertain! Thanks
-
Not entirely sure on your question. Legal costs referred to in this article are the usual legal costs one can expect: * Obtaining legal expert's opinions * Getting legal counsel in the different provinces * etc I wouldn't overthink this and …
-
This has been removed from the syllabus. We will update it - thanks
-
On the top of my head no.. It could be an "mistake/omission" from CAS where they just forgot to remove the commutation bit from C.3.
-
We cannot know 100% as exams are not being released and we don't know what the exam committee will write, however based on the latest changes for the Fall2025 Syllabus, MSA ratios has been removed
-
As you mentioned deficit recovery amount as mentioned would be the 95th percentile of the fund balance at the end of the 6th year of projection. However, that's just the scenario, if actual event was to happen, it might not be that amount (95th perc…
-
Yes, the answer could technically be no for the exact reason you described! Even in the answers, it is stated "Assuming experience in valuation". For an exam situation, would highly recommended if you have these "doubts/uncertainties" to state your…
-
Hello, I took a look through our history of the syllabus changes, and nothing in the past 3 years regarding changes on this particular reading.. I think the best approach would be if you have the time, take a couple of minutes extra to cover tho…
-
Hi, The Sample Question3 is very similar to 2015 Fall Exam Q7, part C. In the wiki, we showcase an example of calculating the LR assuming no ceding, and as the examiner report shows, the answer is based on using the new Participation Ratio (just …
-
My understanding is, in this situation, they would get the 530K cap.
-
It should already be available - under mini BattleQuiz 2.Thanks!
-
1) Without recent exams and not many prior exam questions to work with, yes I would think so! Also, I think if there is stuff to work with from the question such that you can calculate IndemRt (based on AP, GP, etc), I would say calculate it but als…
-
This article of OSFI Corporate Governance is a part of the syllabus (seem to be very very similair). But only Section V and Annex B https://www.casact.org/sites/default/files/2021-03/6C_OSFI_Corporate_Governance.pdf
-
While the two can be similar, and you are right that the source does indicate that senior management does perform those takes, but if you also look at the article below (which is referenced in the EQK article), you can see that the BoD also does hav…
-
Hello, Not sure if I am looking at the same problem as you. Is the example 2 referring to the excel file Problem 2 or the example 2 in the wiki? Not sure I am matching up with the numbers up top. However, yes whether its to calculate the recovery…
-
As mentioned, the question 4 is not correct right now, so that might be the source of your confusion, once corrected, it might make more sense. But to highlight in this case, how are you calculating the UEP? We do not have a policy effective date? …
-
Ah got it! Ya agree with you there, will take this back to correct. Thanks for spotting this!
-
Some things I can think of are... * If it is a quantitive ask, refer to Freihaut * If mentions anything for self-evident, I personally refer to the CIA paper first * Try to pick up on hints (does it mention/ask for the principles, etc) Ov…
-
Thank you for the spot on this - Do agree that the expectations in the Battlecards are not the qualifications. For the qualifications, yes I feel the new version of the source does not have this as well! Just for the part on the peer reviewer,…
-
Ah good spot, thank you!
-
I think the Battlecard just has been broken out in this fashion (into 7 and 8 due to the exam question asking 2 mini questions within one) and hence just says asks for concept of risk transfer but yes, it is true the answer and true question from th…
-
Sorry for the confusion, but could you clarify on the "one of the questions here", do you mean from the forum link I sent above? Thanks!
-
Yes, I do think so! Taking a look at the below from the source material, it should be 425,000 for Automobile it seems and 530,000 for Homeowner. Thanks for spotting that!
-
I think this actually just might be an error in the MC questions! As you have selected, the answer should be C and it can be found in page 26 (point 19) of the source text!
-
From my understanding there is FARM in AB. The above comment could be relating to just potentially PPV policies however. @Staff-T1 would you just be able to clarify your statement above? Thank you!
-
Payroll tax - A more "specific" tax and think of this as the tax you/your employer pays on your wages for specific insurance or social programs (Workers Comp, Health Care, EI, etc) General tax revenue - This is the broad aspect of tax in society (s…
-
Ah got it. Good point on that, we will see what we can do and let you know - Thanks for bringing this up!
-
Similar comment as your other posts, but not 100% sure on what the question is or the context and where its from just based on your screenshot provided but the above comment is referring to the P&C Memorandum to the AA article, and from that art…