CIA.FCT-2
Updates COMPLETE: (for Fall 2022)
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Reading: Guidance for the 2021 Reporting on Capital and Financial Condition Testing for Life, P&C, and Mortgage Insurers (Candidates are not responsible for details related to life assurance or mortgage insurance companies, nor for Sections 1 and 3 and Appendices A, B, and C.)
Author: Canadian Institute of Actuaries
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Study Tips
Everything in this reading is covered in other readings. This reading is useful if you do Financial Condition Testing at work because section 5 explains the differences between the old DCAT methodology and the new FCT methodology, but all of the relevant information regarding FCT is already in CIA.FCT-1. The following sections of the source text are excluded from the syllabus:
- Section 1: Life regulatory capital requirements
- Section 3: Mortgage Insurance regulatory capital requirements
- Appendices A, B, and C
Estimated study time: zero minutes
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No past exam questions are available for this reading.
reference part (a) part (b) part (c) part (d)
In Plain English!
See CIA.FCT-1.
