ILA CSP (2008) - Notes/Outlines

[wat?]

I dunno if we need a whole other thread for this, but I typed up some outlines last time, and I'll likely do it again for this exam.

I've been typing out the notes I had done last year, so it's not like I've re-done all the readings and taken notes all over again.

But here's the first couple: ASOP 7 & 10.

[inexactuary]

I'm glad to be taking another exam with the "Hawaiian Lion" (just made that up) :)

[wat?]

I'm glad to be taking another exam with the "Hawaiian Lion" (just made that up) :)

Because I provide the notes and drop the curve down come test time? Thanks! :tup:

[Hairy Bactuary]

Hey wat?, your ASOP 10 outline has a teeny tiny booboo. For restricted stockholder profits, policyholder dividends would by treated as disbursements of predividend profits, not as disbursements in the liability calculation.

[wat?]

Hey wat?, your ASOP 10 outline has a teeny tiny booboo. For restricted stockholder profits, policyholder dividends would by treated as disbursements of predividend profits, not as disbursements in the liability calculation.

Right on - thanks! I'll fix it.


... as soon as I figure out what you're talking about. :duh:

[inexactuary]

If a question of this level of obscurity shows up on the exam, I'll probably drop an f-bomb and immediately move on. However, the exact wording from ASOP 10 has

Restricted Stockholder Profits: Policyholder dividends would
generally be treated as disbursements of predividend profits, not as
disbursements in the liability calculation.

Unrestricted Profits: Policyholder dividends should be treated as
disbursements in the liability calculation.

I think this just means that for restricted you don't include dividends as a benefit in the FAS 60 reserve calculation, but for unrestricted you do.

[wat?]

If a question of this level of obscurity shows up on the exam, I'll probably drop an f-bomb and immediately move on. However, the exact wording from ASOP 10 has

Restricted Stockholder Profits: Policyholder dividends would
generally be treated as disbursements of predividend profits, not as
disbursements in the liability calculation.

Unrestricted Profits: Policyholder dividends should be treated as
disbursements in the liability calculation.

I think this just means that for restricted you don't include dividends as a benefit in the FAS 60 reserve calculation, but for unrestricted you do.


Thanks. :tup:

It's knowledgeable posts like yours, inexactuary, that reminds me that I am WAY too far behind.

[inexactuary]

As you can see, I'm an expert at creating the illusion that I know what I'm talking about.

Just hang in there, and next year at this time you'll be lounging around waiting for your FAC invitation instead of studying for a stupid exam.

[AG]

I would just skip it if I were you. Move on to something more significant.

[Toluca]

And that is the BIG question, what is more significant?

This is my first time taking this monster and I just don't know how to attack it.

I have read the techniques on how to prepare, but it is still a massive amount of info to take. How do you decide what to really learn is going to be key to pass.

What are people's material priorities?

Thanks

[Dbell]

And that is the BIG question, what is more significant?

This is my first time taking this monster and I just don't know how to attack it.

I have read the techniques on how to prepare, but it is still a massive amount of info to take. How do you decide what to really learn is going to be key to pass.

What are people's material priorities?

Thanks
:iatp:
Ditto this! I spent a lot of time studying some stuff on DP because, as a pricing actuary, I thought it was core and important (and the page count was huge) and it hardly showed up on the exam. Go figure.

Toluca- can't answer your question, I'm just going through the material in the order it's presented in the study guide (still on first read through).