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By:
Zach Grasty
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Decks in this class (36)
SAO
Purpose of sao 1,
Intended users of sao 2,
Organization of sao isor ab 3
41
cards
IRIS Ratios
Iris 1 formula and range 1,
Iris 2 formula and range 2,
Iris 3 formula and range 3
26
cards
Sch P
Info sch p provides 1,
Why outside parties use sch p 2,
How many parts 3
18
cards
RBC
Rbc ratio formula 1,
Rbc action levels cram 2,
Cal company and regulatory action 3
36
cards
Income Statement
What is sap and gaap 1,
Why insurers use different accoun...,
Sap and gaap intended users purpo...
23
cards
SAP vs GAAP
Types of companies that use gaap ...,
Types of companies that use sap a...,
Which came first sap or gaap 3
20
cards
Sch F
Parts of schedule f 1,
Categories used in sch f exhibits 2,
Contingent commission definition 3
35
cards
Reinsurance Commutations
Define reinsurance commutation 1,
Reasons for commutation sedr 2,
Describe solvency motivation for ...
18
cards
Risk Transfer
Why determining risk transfer is ...,
Conditions for contract to receiv...,
Components of insurance risk 3
34
cards
Insurance Expense Exhibit (IEE)
Compare income statement to iee 1,
Parts of iee 2,
Uses of iee to actuary 3
15
cards
Personal Insurance
Does voluntary auto insurance mar...,
Restrictions insurers may place o...,
3 mechanisms for operating state ...
20
cards
Gov't Participation
Reasons for gov t participation i...,
Levels of gov t participation 2,
Criteria for evaluating gov t pro...
42
cards
Nat'l Flood Insurance Program (NFIP)
Describe nfip 1,
Policy goals of nfip amr 2,
Objectives of nfip rash 3
16
cards
Tax Basis
What is tax basis income for us i...,
Identify areas where federal taxa...,
Describe irs s revenue offset pro...
15
cards
Insurance Regulation
Paul v virginia facts issues and ...,
Sherman antitrust act 2,
Clayton antitrust act tempo 3
36
cards
Economic Crisis
3 concepts related to regulatory ...,
Regulatory fallibility 2,
Regulatory forbearance 3
13
cards
Terrorism Insurance
Pre 9 11 status of terrorism cove...,
Post 9 11 status of terrorism cov...,
Motivation for gov t involvement ...
16
cards
Predictive Models
Potential benefits of using predi...,
Challenges state insurance regula...,
2 main responsibilities given to ...
15
cards
Solvency Regulation
Who performed the solvency modern...,
Purpose of solvency modernization...,
Key components of the solvency mo...
28
cards
Uncollectible Reinsurance
Issue regarding new fasb accounti...,
New fasb accounting rule for dete...,
Risks accounted for by the urr 2 3
26
cards
Solvency II
What is solvency ii 1,
3 pillars of solvency ii 2,
Describe pillar 1 3
12
cards
Financial Ratings
Identify legislative response to ...,
Importance of financial strength ...,
Importance of financial strength ...
21
cards
Surplus Lines
Describe a surplus lines transact...,
2 regulatory exemptions for surpl...,
Purpose of nrra 3
15
cards
Notes to Financial Statements
2 categories and 10 notes to fina...,
Describe note to financial statem...,
Describe note to financial statem...
11
cards
Credit Scores
Arguments against credit scoring ...,
2 age groups disparately impacted...,
Identify a characteristic other t...
14
cards
Price Optimization
Naic paper applies to personal or...,
Actuarial judgements traditionall...,
Does price optimization allow dev...
20
cards
Retained Risk
Define guaranteed cost policy 1,
Define retrospectively rated poli...,
Define large deductible policy 3
24
cards
RRGs
Define and describe concept of a ...,
What is most common line of busin...,
How is a rrg formed 3
6
cards
NAIC SSAPs
Define prospective reinsurance 1,
Define retroactive reinsurance 2,
Describe prospective reinsurance ...
48
cards
ASOP 41: Actuarial Communications
Identify what an actuary should c...,
Identify what should be disclosed...,
Required disclosures when assumpt...
7
cards
ASOP 20: Discounting
Components required to calculate ...,
3 possible methods for selecting ...,
Required disclosures for discount...
3
cards
ASOP 43: Unpaid Claims Estimates
Identify items the aa must identi...,
Specific factors aa should consid...,
Items aa should disclose regardin...
3
cards
Misc
Define financial guaranty insuran...,
Describe concept of materiality 2,
Considerations regarding disclosu...
17
cards
IFRS
Board that promulgates ifrs 1,
Board that promulgates gaap 1,
Why fasb and iasb cooperating to ...
11
cards
Nuclear Verdicts
Industries that may be particular...,
Reasons related to the facts of a...,
Identify reasons that federal cou...
9
cards
Florida Hurricane
What is fhcf florida hurricane ca...,
Reason for creation of fhcf 2,
Why are fhcf prems lower vs mkt p...
18
cards
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Exam 6U Fall 2025
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