Syllabus - 6C - 2019 - Fall

Citation	CAS Abbreviation	BattleWiki Link
Alberta Treasury Board and Finance, “Alberta Standard Automobile Insurance Policy Form – Transportation Network S.P.F. No. 9,” June 28, 2016, pp. 1-4.	Alberta TNC	AB.TNC
A.M. Best Company, Inc., A.M. Best Methodology, “Understanding BCAR For Canadian Property/Casualty Insurers,” July 13, 2018, pp. 1-9 (up to Section C), 21-29 (B5 Reserve Risk and B6 Premiums Risk), and 30-31 (B8 Catastrophe Risk) only.	AM Best Understanding BCAR	BCAR.Cdn2018
A.M. Best Company, Inc., A.M. Best Methodology, “Catastrophe Analysis in A.M. Best Ratings,” October 13, 2017.	AM Best Catastrophe	BCAR.Cat
American Academy of Actuaries, “NAIC Public Hearing on Credit- Based Insurance Scores,” April 30, 2009.	AAA Credit Scores	AAA.CrdSc
“ATRA Tort Reform Record,” CAS Study Note, December 19, 2012.	ATRA	CAS.ATRA
Baer, M.G. and Rendall, J.A., Cases on the Canadian Law of Insurance, Sixth Edition, Carswell, 2000, pp. 67-91, 93-100, 302-304, 518-529, 821-827, and 829-831. Candidates are responsible for the following cases: Glenn v. Scottish Union and National Insurance Company Ltd. (Chapter 1); Fletcher v. MPIC (Chapter 8); and Dillon v. Guardian Insurance (Chapter 11).	Baer and Rendall	Baer.Intro
Blanchard, R.S. and Klann, J., “Basic Reinsurance Accounting—Selected Topics,” CAS Study Note, October 2012.	Blanchard and Klann	BK.Reins
Canadian Council of Insurance Regulators, Annual Statement Instructions P&C-1, 2018, Sections I, III, IV, V, and VI. Candidates will be responsible for detailed instructions for the pages listed in OSFI Annual Return I and OSFI Annual Return II. NOTE: Please use the 2018 edition that has been archived on the CAS Web Site with permission for educational purposes.	CCIR Instructions	CCIR.ARinstr
Canadian Institute of Actuaries, Consolidated Standards of Practice, 1240, 1400, 1510, 1520, 1600, 1700, 2100, 2200, 2400, 2500, and 2600, February 22, 2018.	CIA CSOP	CIA.CSOP
Canadian Institute of Actuaries, “Draft Educational Note: Comparison of IFRS 17 to Current CIA Standards of Practice,” September 2018. Excluding Section 4.2, 4.3, 5.3, 7.3 8.1.2, 8.3.1, 8.3.2 and Appendix E. Candidates will not be tested on issues related solely to life assurance.	CIA IFRS 17	CIA.IFRS17
Canadian Institute of Actuaries, “Educational Note: 2018 Guidance to the Appointed Actuary for Property and Casualty Insurers,” November 2018.	CIA Valuation	CIA.Valn
Canadian Institute of Actuaries, “Educational Note: Consideration of Future Income Taxes in the Valuation of Policy Liabilities,” July 2005.	CIA Taxes	CIA.Taxes
Canadian Institute of Actuaries, “Educational Note: Discounting and Cash Flow Considerations for P&C Insurers,” May 2016. Candidates are responsible for the Excel illustrations attached to the Educational Note.	CIA Discounting	CIA.Discnt
Canadian Institute of Actuaries, “Educational Note: Duration Considerations for P&C Insurers,” March 2017. Candidates are responsible for the Excel illustrations attached to the Educational Note.	CIA Duration	CIA.Duration
Canadian Institute of Actuaries, “Educational Note: Evaluation of the Runoff of P&C Claim Liabilities when the Liabilities are Discounted in Accordance with Accepted Actuarial Practice,” June 2011.	CIA Runoff	CIA.Runoff
Canadian Institute of Actuaries, “Educational Note: Margins for Adverse Deviations for Property-Casualty Insurance,” December 2009. Sections 1 to 5 and 11 only.	CIA MfAD	CIA.MfAD
Canadian Institute of Actuaries,” Educational Note: Premium Liabilities,” July 2016. Candidates are responsible for the Excel illustrations attached to the Educational Note.	CIA Premium Liabilities	CIA.PrLiabs
Canadian Institute of Actuaries, “Educational Note: Subsequent Events,” October 2015, excluding Appendix B.	CIA Subsequent Events	CIA.Subseq
Canadian Institute of Actuaries, “Report: Materiality,” October 2007. Candidates are not responsible for material in the Appendix.	CIA Materiality	CIA.Mat
Canadian Institute of Actuaries, “Report of the CIA Task Force on the Appropriate Treatment of Reinsurance,” October 2007. Candidates will be responsible for the following sections: Key Principles of Risk Transfer (pp. 11-12), Qualitative Assessment (pp. 13), Limitations of Risk Transfer (pp. 15-18) and Other Issues (pp. 18-23).	CIA Reinsurance Treatment	CIA.Reins
Canadian Institute of Actuaries, “Second Revision of Educational Note: Dynamic Capital Adequacy Testing,” November 2017, excluding Appendices A and B. Candidates are not responsible for details related to life insurance companies.	CIA DCAT	CIA.DCAT
Canadian Institute of Actuaries, “Use of Models Educational Note,” January 2017.	CIA Models	CIA.Models
Chevalier, Sarah, “Agricultural Risk Management Programs in Canada,” October 2014. Note that the table on page 6 is for reference only.	Agricultural Programs	Chev.Agric
Davidson, J., “The Cap on Non Pecuniary General Damages: Where is it Going and How Does it Affect Litigation?”	Davidson	Dav.NonPec
Dibra, S. and Leadbetter, D., “Why insurers fail: The dynamics of property and casualty insurance insolvency in Canada,” Property and Casualty Insurance Compensation Corporation, 2007, excluding pp. 9-13, 33-40.	Dibra and Leadbetter	Dibra.Fail
Dutil, R., “Facility Association,” CAS Study Note, May 2008.	Dutil	Dutil.FA
EY, “ICBC Affordable and effective auto insurance – A new road forward for British Columbia,” July 2017, Sections 1-4.	EY	ICBC.Affordable
Feldblum, S., “Rating Agencies,” CAS Study Note, October 3, 2011, pp. 1-7 and 14-19, including Appendix A. Candidates are not responsible for Section 4, Appendices B-D, formulae, and the endnotes.	Feldblum	Feld.RtAgs
Financial Services Commission of Ontario, “Private Passenger Automobile Filing Guidelines–Major,” October 2016, pp. 1-5 (excluding filing format), 11-21 (starting from Section 3), and Appendix B2.	FSCO Private Auto	FSCO.PPA
Financial Services Commission of Ontario, “Regulation 664 of the Revised Regulations of Ontario 1990 Automobile Insurance made under the Ontario Insurance Act,” amended version as of 4th July 2016.	FSCO Reg. 664	FSCO.664
Financial Services Commission of Ontario, “Usage-Based Automobile Insurance Pricing in Ontario,” Bulletin A-16/16, December 5, 2016.	FSCO UBI	FSCO.UBI
Financial Services Commission of Ontario, “What do the coverages mean?,” October 2014.	FSCO Coverages	FSCO.Covgs
Freihaut, D. and Vendetti, P., “Common Pitfalls and Practical Considerations in Risk Transfer Analysis,” Casualty Actuarial Society E-Forum, Spring 2009. Appendices A and B are for information only and will not be directly tested.	Freihaut and Vendetti	Frei.RskTrans
Germani, W., et al., "Government Insurers Study Note,” CAS Study Note, April 2017, pp. 1-5, excluding Crop Insurance.	Government Insurers Study Note	CAS.GovtIns
Harris, C., “Tort Reform Tension,” Canadian Underwriter.ca, August 2005.	Harris	Harris.Tort
Institute & Faculty of Actuaries General Insurance Reserving Oversight Committee’s Working Party on Solvency II Technical Provisions, “Solvency II Technical Provisions for General Insurers,” Institute and Faculty of Actuaries, August 2013, Sections 6.4 and 6.5.	IFOA	IFA.Solvency2
Insurance Bureau of Canada, “Code of Conduct for Insurers’ use of Credit Information (CODE).”	IBC Code of Conduct	IBC.Code
Insurance Bureau of Canada, “The financial management of flood risk,” 2015.	IBC Flood	IBC.Flood
“Insurance Companies Act,” Chapter 47, Sections 165(1), 165(2), 203, 331(1), 331(2), 331(4), 346, 357-370, 464, 465, 476-478, 517, 581, 625-632, 641, 664, 665, 667(1), 667(2), and 674 (updated to 12th December 2017).	ICA	ICA.Ch47
Insurance Institute of Canada, Advantage Monthly, “Terrorism Risk and Insurance,” February 2017.	CIP Terrorism	IIC.Terrorism
International Actuarial Association, “Risk Adjustments for Insurance Contracts,” May 2018, Overview and Chapter 1 only.	IAA Risk	IAA.RiskAdjs
KPMG, “Property and Casualty Insurance Compensation Corporation (PACICC), The Actuaries’ role in safeguarding the solvency of P&C insurers,” March 2015, Parts 1, 2, 5 and 7 (pp. 43-47 only).	KPMG PACICC	KPMG.PACICC
KPMG, “Research Report – Best Practices for Actuarial Involvement in the Regulatory Oversight of Property and Casualty Insurance Rates,” December 2012, pp. 21-31.	KPMG Regulatory Oversight	KPMG.RegOv
“Landmark Legal Insurance Cases in Canada” which covers the following cases: Whiten v. Pilot Insurance Co.; Somersall v. Friedman; Somersall v. Scottish and York; Sansalone v. Wawanesa Mutual Insurance Co.; Nichols v. American Home Assurance Co.; Amos v. Insurance Corporation of British Columbia; KP Pacific Holdings Ltd. v. Guardian Insurance Co. of Canada; Alie v. Bertrand & Frere Construction Company Limited; Resurface Corp. v. Hanke; Morrow v. Zhang (Sections I, II, III, IV, VI (E), VII, VIII, and IX.); PIPEDA Report of Findings #2012-005; Kusnierz v. Economical Mutual Insurance Company; Aviva Canada Inc. v. Pastore; Belanger v. Sudbury; and Precision Plating Ltd. v. Axa Pacific Insurance Co.	Landmark Legal	Land.Cases
Marshall, D., “Fair Benefits Fairly Delivered,” April 2017, pp. 8-12.	Marshall	Marshall.Benefits
McDonald, B.R., Life Insurance Laws of Canada (Common Law Provinces), Life Underwriters Association of Canada, 1995, pp. A1- 1, A2-1 to A2-9, B1-1 to B1-2, B2-1 to B2-3, and B4-1 to B4-3. Candidates are responsible for all cases cited in this text.	McDonald	McD.Intro
Morneau Shepell Handbook of Canadian Pension and Benefit Plans, 16th edition, LexisNexis Canada, 2016, Chapters 17-19. Candidates will not be responsible for specific values and figures included in the text.	Morneau Shepell	Morn.Pension
MSA Research, Inc., “MSA Report on Property & Casualty, Canada, 2018,” Section 3, pp. 1-10.	MSA	MSA.Ratios
Odomirok, K.C., et al., Financial Reporting Through the Lens of a Property/ Casualty Actuary, Casualty Actuarial Society, 2014, Edition 4, Chapters 1-5, 25, 27, and 28.	CAS Financial Reporting	Odo.FinReg
Office of the Superintendent of Financial Institutions Canada, “Corporate Governance Guideline,” September 2018, Section V and Annex B only.	OSFI Corporate Governance	OSFI.CorpGov
Office of the Superintendent of Financial Institutions Canada, “Earthquake Exposure Sound Practices Guideline” Guideline B-9, February 2013.	OSFI Earthquake	OSFI.Eqk
Office of the Superintendent of Financial Institutions Canada, Guideline E-15, “Appointed Actuary: Legal Requirements, Qualifications, and Peer Review,” September 2012.	OSFI AA	OSFI.AA
Office of the Superintendent of Financial Institutions Canada Guideline E-18, “Stress Testing,” December 2009.	OSFI Stress Testing	OSFI.Stress
Office of the Superintendent of Financial Institutions Canada Guideline, “Minimum Capital Test (MCT) for Federally Regulated Property and Casualty Insurance Companies, Effective January 1, 2019.” Candidates are not responsible for the following sections: 1.2.2., 2.1.1.1., 2.1.2., 2.1.3., App. 2-A, 3, 4.6., 5.1.1.5., 5.1.1.6., 5.2.2., 5.3.4.1., 5.3.4.2., 6.1.1., 6.2.1., 6.2.2., 6.2.3., 6.3. Candidates are not responsible for risk factors relating to insurance, market, or credit risk.	OSFI MCT	OSFI.MCT
Office of the Superintendent of Financial Institutions Canada Guideline, “Regulatory Capital and Internal Capital Targets,” December 2017.	OSFI Target Capital	OSFI.TargCap
Office of the Superintendent of Financial Institutions Canada, “Memorandum for the Appointed Actuary’s Report on Property and Casualty Insurance Business,” 2018.	OSFI Memorandum	OSFI.MemoAA
Office of the Superintendent of Financial Institutions Canada, “Own Risk and Solvency Assessment,” December 2017.	OSFI ORSA	OSFI.ORSA
Office of the Superintendent of Financial Institutions Canada, “Supervisory Framework,” December 2010.	OSFI Supervisory Framework	OSFI.SupFrm
Office of the Superintendent of Financial Institutions Canada, Quarterly Sample Return, 2019, Approved by the Canadian Council of Insurance Regulators – P&C-1Q, pp. 20.10, 20.20, 20.30, 20.42, 20.45, 20.54, 30.61, 30.62, 30.64, 30.66, 30.71, 30.73, 30.75, 30.77, 30.79, 40.07, 60.30, 70.60, 70.61, and 80.10. NOTE: Please use the 2019 edition that has been archived on the CAS Web Site for educational purposes. Candidates may wish to review illustrations of sample Annual Return schedules (please use the link provided on the CAS Web Site). These illustrations are for information only and will not be directly tested.	OSFI Annual Return I	OSFI.AR1
Office of the Superintendent of Financial Institutions Canada, Annual Supplement, 2019, Approved by the Canadian Council of Insurance Regulators – P&C-1A, pp. 10.60, 60.40, and 60.41. NOTE: Please use the 2019 edition that has been archived on the CAS Web Site for educational purposes. Candidates may wish to review illustrations of sample Annual Return schedules (please use the link provided on the CAS Web Site). These illustrations are for information only and will not be directly tested.	OSFI Annual Return II	OSFI.AR2
Property and Casualty Insurance Compensation Corporation, “Guide to Compensation Plan for Property and Casualty Insurers,” May 2010.	PACICC	PACICC.Comp