jc2018
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Hi, When calculating the APV, why does their number for Gross PV of Loss &LAE give different number than doing Gross UPR *ELR+ULAE times the PV factor calculated? I thought I read that I can calculate gross by just not adding any future rein…
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There seems to be an error in the formula when you click "cheat". PVfctr @ discount rate = 0.8929 = 0.8857 x (1 + 1.05)(0.5 - 1/3) PVfctr with MfAD = 0.9129 = 0.907 x (1 + 1.04)(0.5 - 1/3) it says 1 + 1.05 but it should just be …
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https://www.battleactsmain.ca/wiki6c/FSCO.Covgs Tort Deductible Tort Deductible 1: Define the term tort deductible the amount that is deducted from a settlement or court award for pain and suffering Tort Deductible 2: If a victim …
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On page 11 of the reading for the cap on non pecuniary general damages, it specifically says that the SCC does not see a reason why considerations from cases due to "negligence causing catastrophic personal injuries" should extend to cap jury awards…
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Thanks Graham, You noted that the ceded premium of 125$ in your example is different from the premium the insurer would pay to the reinsurer for the basic reinsurance policy, but the 100$ paid at the beginning of the year in 2017 Fall 17 question…
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my reference was to Graham's notes. But I see that my question is actually already answered in the notes for Dav.NonPec which I seem to have missed the first time going over. Please ignore my question.
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in the examiner's report, this opportunity lists information to be submitted as 1. exposure distribution by territory & COVERAGE 2. written premium distribution by territory & COVERAGE and so on.. whereas for opportunity B, it just sa…
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still confused about why option B is chosen for the discount rate section. In the source text it says if net and ceded discount rates are different, we should calculate net and ceded, not "gross and net" or "gross and ceded". So is there a reason wh…
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Thank you I think that clears up the confusion!
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ok, Instead of "Incurred Losses" & "Adjustment Expenses", I had read "Incurred" "Loss Adjustment Expenses" and thought 200 Losses in the second column was extra. It makes sense now. Thanks
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After further reading, I guess [14] is due to the fact that prior to reform, injured victims had to first pay out of their pocket but they didn't have the money to? But prior to reform, couldn't they still make claim with the insurer right after the…
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Wow, I didn't know about some of these, thanks!