graham
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I've added JC in the reference from the wiki!
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Ok, got it. I have linked to this discussion from the FSCO.664 wiki article. Thx.
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Sorry for being slow on the uptake but I still don't know which specific exam question you asking about.
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Here's a very brief description of what is meant: * No Deferral in Explicit Valuation but Deferral if UEP - DAC is Held: This means for some insurance contracts, costs to acquire them can't be delayed in accounting (no deferral), but for others…
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The Alberta GRID programme is no longer on the syllabus. There was a reading devoted entirely to GRID but it has been removed. But to answer your question: The Alberta GRID (Grid Rating Indicator for Drivers) program is essentially the province's…
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I'm not 100% what you're looking for here but below is a list of the deductions and additions for MCT capital available. These guidelines aim to ensure that insurers maintain a buffer of high-quality capital that is readily available to absorb lo…
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Which question on that exam are you referring to?
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Sorry, I'm not sure I follow. The exam question 2015-Fall-Q2 is from McDonald, B.R., Life Insurance Laws of Canada and I don't believe it's outdated: * https://battleactsmain.ca/wiki6c/McD.Intro
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My guess is that this reading is decreasing in importance with every passing year since IFRS 17 was introduced. During the transition, it may have been necessary to understand both the old and new accounting standards but as IFRS17 becomes integrate…
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In the example you included, that is what happened. We had assets < liabilities but the base scenario passed. Keep in mind that this is just an example generated randomly. It may be unlikely to happen in a real analysis. The assets, liabilitie…
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This question is taken directly from the reading: The idea is that the AA gives a qualified opinion that everything is fine, but that is conditional on receiving an unqualified opinion from the auditor. If the auditor does not eventually provide …
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The derivation of the 1.1 factor isn't explained in the source text but you can think of it as a way of being more conservative. The 1.1 factor increases the required margin by 10%.
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Update: The formula has been amended to include the 1.1 factor.
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Thanks, we will make that correction. (The factor of 1.1 in that particular formula was new for the most recent syllabus and we forgot to change it in that spot.)
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Nice! I have inserted a link to your hint in the wiki. Click here to see where the link is: * https://battleactsmain.ca/wiki6c/IAA.Climate#CatastropheModelHint
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Note on downloading Excel files: You may have to clear your cache to ensure you get the latest version.
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Also, the syllabus reading was written in 2008 so if there have been changes in FA operation since then, the syllabus reading would be out of date compared to information on the website.
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No, your interpretation is not quite correct. RSPs do no operate in the territories.
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Excel versions have been added to the Excel Practice wiki page here: * https://battleactsmain.ca/wiki6c/Excel_Practice_Problems#List_of_Problem_Types
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The source text (available only in the study kit and not online) says the threshold is 500%. I checked the 2018 version of the source text and it is 500% there also. It appears the sample solutions are in error in using 400% although the final concl…
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Yes, your interpretation makes sense.
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@chelseamh, this has been corrected. Thanks! But double-check your final answer above. This is what I got:
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Thanks for the extra info @NycxBattle!
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@Staff-T1: Is this your understanding and interpretation also? The source text, which is only available through the study kit and not online states the following: * Both NB and NFL are both prior approval and file and use This reading is…
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Yes, that's correct: SK and MB. (Not NB)
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Oops, sorry about that. I have removed that pop quiz. (I had removed the reading on UBI but forgot I had put a pop quiz about it in a different reading.) Thanks for pointing that out.
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The new item types will not appear on Exam 6-Canada until Fall 2024. As far as I know, the CAS has not provided any information on the ratio between these question types.
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Numerous? You only provided 2. If you can provide 2 more, we will send you a BattleActs mug. The 2 errors you pointed out have been corrected.
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Sure, we converted 3 past CAS exams to Excel format and you can get them at the link below: * https://battleactsmain.ca/wiki6c/Excel_Practice_Problems_-2023-05-22#Past_CAS_Exams.28Many_Problems_are_Now_Outdated.29