Preliminary step before BACRO

slocksonslockson
in CIA.FCT

Hi Graham, in the BattleCards, the preliminary step is defined as review: "Review of financial position at year end for each year in forecast period".

It is my understanding that the preliminary step is to review financial position for historical years, but the statement here is looking at projected financial positions. Please let me know if I'm missing something or if my understanding is not correct.

Thank you.

Comments

  • grahamgraham

    That was a typo. It should be "historical" period (not "forecast" period.) Thx!

  • wilsonchan18wilsonchan18

    Hi, it says also to review Source of Earning. I tried to google it, it seems there is only Source of Earning for Life on OSFI website. Is there one for GI? What does it usually look like?

    Thanks and Cheers,
    Wilson

  • grahamgraham

    Source of earning refers to underwriting income, investment income, or other income. That should be as specific as you need to be here.

  • wilsonchan18wilsonchan18

    I see, thanks Graham!

Sign In or Register to comment.