HateExams99
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I asked the same question before https://www.battleactsmain.ca/vanillaforum/discussion/1368/ifrs17-sample-question-14#latest
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The coverage period lasts for two years as the last underlying contract will be written on Dec 31 xxxx, which means you are only fully done providing coverage on Dec 31 xxx + 1 which is twenty four months after inception
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Got it, thanks!
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Thank you both!
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Hi @Staff-T1 , in the $1M BI claim case you gave above, does that imply HIGH exit value? (thus low liquidity)
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Hi, I'm having problems with understanding either the source text or the wiki answers. For example, how does point 2 (reinstatement premium) make insurance revenue for reinsurance contracts different from Earned Premium?
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Because the source text says "informed" and wiki says "no action". Are they both accepted answers to this question?
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Thanks!!
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where can I find IFRS sample questions?
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Thanks T1! Is there a complete list of regulations in all provinces/territories?
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Hi, for part (b) sample answer 2 says "trust claims do not verify if plaintiffs have already been compensated, but trials do verify." Doesn't the collateral source rule say "... need not to be entered AT TRIAL"?
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FCT forecast period is usually 3-5 years and the report is required annually; how about ORSA? Is its forecast period the same as FCT? I didn't see anywhere specifying a number.
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This case's ruling shows that XS/U have duty to defend, but the answer given in the exam in 2019 Spring #5(c) shows the opposite (actually CAS's answer isn't very clear). My understanding is that they do have a duty to defend regardless of whethe…
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Hi, I'm a little confused about Nicols v American Home Assurance case: the solicitor was accused of fraud but later found out to be INNOCENT. Why is there still no duty to defend even though the defendant was found innocent?
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Loss Component = LRC using GMA - LRC using PAA when the contracts are onerous and PAA eligible, is the LC always positive? If not (ie when LC is negative), what do I do with it?
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Thanks, but 2012_Fall (21) c. answer gave a confusing answer: Overall Net Leverage = (NPW + Liabilities) / Equity Net Underwriting Leverage Ratio = NPW / Equity Net Loss Reserves to Equity = Net Loss Reserves / Equity Overall Net Leverage – …
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I have the same question as AndrewL: ROR = (UW.Inc - CapGains + InvInc + IncFromSub) / GWP The answer to b i) is actually using (UW.Inc - CapGains + NetInvInc + IncFromSub) as the numerator. Can you please explain?
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I have a question for a) iv: Net unpaid claims and adjustment = Gross Unpaid Claims and Adjustment Expenses 12/2016 - Ceded Unpaid Claims and Adjustment Expenses 12/2016 + Net Claims and Adjustment Expenses Incurred FY 2017 - Net Paid Losses FY…
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Following with AndrewL's question, the battle quiz looks different from the example 60.45. The quiz did include AY2022's data at the end of CY2023.
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NM, just read the contents and apparently it is a confusing term. I guess I'll just have to memorize it.