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Madalyn Winger
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Decks in this class (32)
Odomirok 1-5
Purpose of financial reporting,
Accounting principles prescribed ...,
Main reason that sap rules are co...
14
cards
Odomirok Ch. 6 to 7
Why are nonadmitted assets not in...,
List some differences between pre...,
Valuation rules for different typ...
10
cards
Odomirok Ch. 8 to 9
Underwriting income formula,
List some factors that can be use...,
List some problems that may arise...
23
cards
Feldblum - Statutory Surplus
Two methods to account for nonadm...,
Formula for cost of double taxation,
Formula for margin needed on prem...
11
cards
Odomirok Ch 11: General Interrogatories
2 parts of general interrogatories,
Purpose of common interrogatories...,
Items discussed in general sectio...
10
cards
Odomirok Ch 12: 5 year historical data
Sections of 5 year historical dat...,
What should users look out for in...,
What does balance sheet show
4
cards
Odomirok Ch 13: Overview of Schedules and their Purpose
Schedule a,
Schedule b,
2 reasons that insurers should no...
14
cards
Odomirok Ch 14: Schedule F
List 2 things that the actuary ca...,
Main purpose of schedule f,
How is the provision for reinsura...
17
cards
Odomirok Ch 15: Schedule P
List some uses of schedule p in a...,
List the parts of schedule p,
How are losses in part 1 grouped
43
cards
Odomirok Ch 10: Notes to Financial Statements
Purpose of the notes to the finan...,
What notes require direct involve...,
What notes are potentially releva...
31
cards
Odomirok Ch 18: Insurance and Expense Exhibit
What does the iee provie,
List the 3 parts of the iee,
When does the iee need to be filed
19
cards
SSAP 5: (NAIC) Liab, Contingencies, & Impairment of Assets
3 components of liabilities,
Define loss contingency asset imp...,
2 necessary criteria to charge a ...
8
cards
SSAP 9: Subsequent Events
Define subsequent events,
2 categories of subsequent events,
Which events should already be re...
4
cards
SSAP 53: P&C Contracts - Premiums
When is written premium recorded ...,
When are the additional premium f...,
2 methods to uniformly earn premi...
11
cards
SSAP 63: Underwriting Pools
What are the 3 categories of pool...,
2 general structures of underwrit...
2
cards
SSAP 65: P&C Contracts
How are premium liabilities recor...,
How are premium liabilities recor...,
Accounting action required of ins...
17
cards
SSAP 66: Retrospectively Rated Contracts
Define retrospective rating,
Two ways to estimate future premi...,
When are premium adjustments reco...
5
cards
Odomirok Ch 19: Risk Based Capital
What are the risks included in rbc,
Formula for rbc before operationa...,
Two main components of the rbc sy...
94
cards
IRIS
How are iris tests used,
Equation and normal range for rat...,
Factors to consider if ratio 1 is...
40
cards
Odomirok Ch 21: Measurement Tools
List 2 reasons measurement tools ...,
Limitations of measurement tools,
The statutory financial statement...
13
cards
Odomirok Ch 22&23: US GAAP & Fair Value Under Purchase GAAP
Describe the different intended u...,
Name some things that are treated...,
Compare the gaap sap treatment of...
23
cards
Lindbergh/Odomirok 24: IFRS
Who follows ifrs,
What does ifrs17 do,
List 2 reasons that private compa...
8
cards
Odomirok Ch 25: Solvency II
3 pillars of solvency ii,
Briefly describe the solvency cap...,
Describe minimum capital requirement
13
cards
ASOP 20: Discounting of P&C Loss & LAE Reserves
Recommended practices context,
How to determine payment timing,
3 methods to derive discount rate
7
cards
ASOP 41: Actuarial Communications
What does asop 41 apply to,
Define actuarial document,
List the 2 requirements for actua...
8
cards
ASOP 43: P&C Unpaid Claim Estimates
Actions the actuary must take if ...,
Items regarding the unpaid claim ...,
Factors that the actuary should c...
4
cards
SAO Papers
3 main purposes of the sao,
Requirements to be a qualified ac...,
List the requirements from the st...
49
cards
Odomirok 26: Taxable Income
What is revenue offset,
Statutory ep formula,
Equations to determine tax basis ep
13
cards
SSAP 62: P&C Reinsurance
5 benefits of reinsurance,
2 classes of reinsurance contracts,
Contract provisions included in m...
29
cards
Cedar: Reinsurance Accounting
0
cards
Klann: Reinsurance Commutation
0
cards
Freihaut: Common Pitfalls & Practical Considerations in Risk Transfer Analysis
2 criteria to classify a transact...,
Gaap and sap both require insuran...,
What must the ceo cfo confirm in ...
14
cards
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Exam 6
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