This class was created by Brainscape user Adam Brody.

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Decks in this class (41)

IRIS Ratios
Iris 1 1,
Iris 2 2,
Iris 3 3
17  cards
SAO and AOS
Identification disclosures 1,
Scope disclosures 2,
Opinion disclosures 3
39  cards
Schedule P
Uses for schedule p 1,
Schedule p part 1 2,
Schedule p parts 2 3 4 3
8  cards
RBC
Rbc ratio 1,
Company action level cal 2,
Regulatory action level ral 3
45  cards
Financial Statements
5 elements of financial statements 1,
5 statements in a completed set o...,
Statutory net income 3
10  cards
SAP vs GAAP
Sap vs gaap general use 1,
Sap vs gaap objective 2,
Sap vs gaap intended user 3
17  cards
Insurance Expense Exhibit (IEE)
Insurance expense exhibit vs inco...,
Use of iee actuary 2,
Use of iee policyholder 3
20  cards
Schedule F
Structure of schedule f 1,
Groups categories used in schedul...,
Schedule f part 3 detail shown on...
23  cards
Reinsurance Commutations
Motivations for a commutation 4 1,
Motivation for a commutation for ...,
Accounting treatment of a commuta...
10  cards
Testing Risk Transfer
2 conditions for a contract to re...,
2 components required to satisfy ...,
4 risk transfer tests 3
21  cards
Personal Lines
3 mechanisms for operating a stat...,
How does an arp work 2,
3 items that may make a driver in...
9  cards
Government Insurance Programs
5 reasons for governmental partic...,
3 levels of government involvemen...,
5 criteria for evaluating governm...
20  cards
Flood Insurance
What is nfip national flood insur...,
Policy goals of nfip 2,
Specific objectives of nfip 3
15  cards
Taxes
What is tax basis income 1,
How does irs s revenue offset pro...,
Formula for tax basis income tbi 3
11  cards
Insurance History
Describe paul v virginia 1869 1,
3 antitrust acts 2,
Describe the sherman antitrust ac...
12  cards
Crisis
3 concepts related to regulatory ...,
What is regulatory fallibility 2,
What is regulatory forbearance 3
12  cards
TRIA
2 reasons for government involvem...,
3 goals of tria 2,
7 terrorism loss sharing criteria 3
5  cards
Predictive Models
Potential benefits of using analy...,
Challenge state insurance regulat...,
2 main responsibilities given to ...
14  cards
Solvency (PRIORITIZE)
Solvency modernization initiative...,
6 key components of smi 2,
3 stage financial regulatory proc...
12  cards
Insolvency
Causes warnings of insolvencies 1,
2 main steps of state doi regulat...,
Regulatory action levels 3
11  cards
Solvency II
What is solvency ii 1,
3 pillars of solvency ii 2,
Describe the quantitative pillar ...
19  cards
Uncollectible Reinsurance
New fasb accounting rule for dete...,
Uncollectible reinsurance reserve...,
Current practice incurred loss mo...
17  cards
Rating Agencies
Benefits of financial strength ra...,
How are financial strength rating...,
How do rating agencies ensure con...
10  cards
Excess Lines
Purpose of nrra nonadmitted reins...,
Nrra today 4 key provisions 2,
Nrra one state compliance 3
18  cards
Financial "Notes"
Notes requiring direct involvemen...,
Notes that are relevant to actuar...,
Note change 3
16  cards
Credit Scores
3 things credit scores are used f...,
Arguments for the use of credit s...,
Arguments against use of credit s...
6  cards
Retained Risk (PRIORITY)
Guaranteed cost policy 1,
Retrospectively rated policy 2,
Large deductible policy 3
25  cards
Price Optimization
Price optimization vs traditional...,
4 principles in the cas statement...,
Price optimization 3
18  cards
Rate Regulation
Purpose of rate regulation 1,
Reasons for low regulatory scruti...,
Reasons for high regulatory scrut...
7  cards
RRG (Rate Retention Group)
Formation of an rrg 1,
Operation of an rrg 2,
Is an rrg required to comply with...
4  cards
Reinsurance Accounting Treatment and More
To be reinsurance a contract must...,
Prospective reinsurance 2,
Retroactive reinsurance 3
9  cards
Balance Sheet
Cash invested assets 1,
Non invested assets 2,
Main liabilities 3
8  cards
Assessments and Guaranty Funds
4 limitations that guaranty funds...,
Lob exclusions for guaranty funds 2,
Assessment formula 3
7  cards
Roles of Federal and State Governments
3 characteristics of the business...,
Exceptions to mccarran ferguson 2,
What is the naic 3
17  cards
ASOPs (20, 41, and 43)
Disclosure items in all actuarial...,
Special cases where further discl...,
What information needs to be disc...
6  cards
Nuclear Verdicts
2 industries that may be particul...,
3 reasons related to the facts of...,
Reasons that federal courts are m...
11  cards
Florida Hurricane Catastrophe Fund
What is the fhcf florida hurrican...,
Reasons for the creation of the f...,
Why are fhcf premiums lower versu...
14  cards
Accounting Practices
Codification of sap project 1,
Reasons for the codification of s...,
Concepts underlying ssaps stateme...
28  cards
Reinsurance Accounting & Strategy
0  cards
Dodd-Frank
Dodd frank act requires the feder...,
4 main responsibilities of the fi...,
How does the fio contribute to ri...
4  cards
Additional Odomirok
Purpose of general interrogatorie...,
Blank 2
2  cards

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