exam6passer

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• How come I can't find IBC.Flood?

  in 2023 FALL Comment by exam6passer September 2023
• why it makes the entity different on or before the calculation date?

  in 2016 Fall #28iii Comment by exam6passer September 2023
• if federal government can't regulate an insurer operating in a single province, would ON Fire Act be beyond the powers of federal government (ultra-vires) instead?

  in Federal can't regulate an insurer operating in a single province Comment by exam6passer September 2023
• for i, if you have 3M XS 1M instead, all else equal in the question. max loss = 4M THEREFORE max reinsurer payout = 2M (because retention = 1M and deductible = 1M) THEREFORE max reinsurer loss = 2M - (premium of 1M) = 1M 1M loss /1M premium *p…

  in F2016Q16 Comment by exam6passer September 2023
• for the ERD calculation, the severity of reinsurer loss is 800 - 600 (deductible) - 100 (premium) = 100 loss. ERD = 100 loss /100 premium *25% = 25%. Where did I go wrong?

  in 2017 Fall 17 c Comment by exam6passer September 2023
• how about the pop quiz? should we memorize those 4 considerations regarding UBI (Usage-Based Insurance) data?

  in Usage-Based Insurance Comment by exam6passer September 2023
• in the wiki, the example of prior approval is ON but it didn't mention NS. In the BattleQuiz, is says that NS uses only the prior approval for all required vehicles. So my question would be, when we are asked to give an example of prior approval, I …

  in which provinces/territories use 1 approach for all required vehicles Comment by exam6passer September 2023
• Yes, it does clear things up! Thanks Graham!

  in annual statement Comment by exam6passer September 2023
• how come is different than what is listed in the wiki?

  in IFRS17-1 Comment by exam6passer August 2023