graham
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Yes, you should be able to answer based on CIA.IFRS17 because the exam question you referenced was actually based on older reading. It should be acceptable to answer on the more current reading CIA.IFRS17 should a similar question come up.
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This is a very fine distinction they're drawing in the syllabus. Note that in this more recent exam problem the operational risk factors were indeed provided: * https://battleactsmain.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(13)_v2.pdf …
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Great! I've linked to your post from the wiki. See here: * https://battleactsmain.ca/wiki6c/McD.Intro#Federal_Insurance_Regulation
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I try to update the BattleTables with orange colour-coding when problems are outdated. but sometimes I miss some because there are so many changes to the syllabus each year. If you're unsure, you can display past exams using this feature: * htt…
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Ok, you are correct that I was right initially. Thx! And yes, both parts are outdated anyway. It's marked as outdated if you bring up the BattleCards by exam, but I forgot to mark it as outdated in the BattleTable for the MCT reading. Thx again!
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Oh gosh. I might need a nap. I’ll look at again.
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This was a typo. It should be min not MAX. Thanks for pointing this out. No WAIT! See below.
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I looked at this and I'm not quite sure how to say it differently. The idea is that if you use this formula to calculate equity: * E(x) = E(x-1) + CI(x), you may not get the right answer unless you also subtract things like dividend payment…
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I've edited the BattleCard answer to state LIC and/or LRC. Thx!
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Yes, B8 is part of U/W risk. The practice problem and the web-based problem inadvertently listed it as being under "Other Risk".
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Hmmm...I did the problem a different way and I thought I got a different answer but that was several years ago. I solved it again using my method and now I get the same answer so maybe the exam question is ok. For the column numbers, please refer to…
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Memory hints always work better when they are personal! I'll link to your post from the wiki so others can either use yours or get inspiration to create their own! (The place I wanted most to visit after Exam 6 was my bed. )
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"Walls" means that capital cannot be shared between legal entities. I've edited the wiki and BattleCard to include that detail. Thx.
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Fixed. Thx!
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I think you're probably right about that being confusing. If both of you took the time to post about it then there are probably others who thought the same thing. That's just the way it made sense to me when I first read the LRC paper but in retrosp…
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3c: * I've changed part c from UBI to something else. 9b: * You're right that risk-splitting is not specifically listed as a stabilizing method in the source, but I think you could still argue that it's a valid answer. * Splitting of …
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Corrected. Thanks!
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These have been corrected. Thanks!
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Thanks for the feedback. I will look into this over the next few days.
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Ok, I see. I have removed the reference to reinsurance recovery. When I wrote that, I had not yet read that other source text.
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I've now clarified this. Thx!
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Yes, that's correct. Actually, I changed it to "loans to high-risk entities".
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Yes, that's correct. I've fixed it. Thx.
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I think I was looking at a different question. I see what you mean now. Yes, the row for participation ratio in the examiner's report doesn't really make sense. I would ignore it. See the relevant BattleCard instead. Note that the BattleCard for …
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The CAS responded and stated there was a typo in the study kit. It should not have specified the page range 1-8. In other words, the whole reading is covered. Getting back to the original question, I shouldn't have mentioned "expenses" in the "ex…
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Click the happy face with sunglasses under the decision tree diagram in this section: * https://battleactsmain.ca/wiki6c/CIA.IFRS17-LRC#Section_5.3:_Onerous_Groups_of_Contracts
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I don't think part (c) of this question was specifically about the FARM or the RSPs. In other words, it was not related to any other parts of the question. They were just testing whether you memorized the list at the top of page 4 in the reading. FA…
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I'll need to get back to you on this.
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I went to check the BattleCard and maybe edit it to make it more clear but I'm not sure I'm looking at the same one as you guys are. Which quiz number and BattleCard number is it?
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Excellent! That's why I like it when people point out things like this. When I study, I always try to boil everything down to the essentials. That means I get rid of unnecessary words and such, but I realized that made it harder for others to und…