intelmic's Practice Exam 2010

[intelmic]

Great news!

I'm releasing my Practice Exam for exam 7C!!


Description:

-It's written specifically for the 2010 7C syllabus.
-It has been reviewed multiple times so there's no typos.
-The questionnaire is free!
-Great opportunity to test your knowledge on this last prep week! :study:


Content:

-Over 40 questions!
-All original ones.
-You won't find any of my questions in an old CAS exam.
-Great mix of questions from easy to hard!
-Focus mainly on section C & D. (remember, section D is worth 50% of the exam)


Answers:

-Fully detailled answer key available.
-With all shown calculation steps.
-PM me for it.
-I'd like a small paypal donation that would pay me a beer after the exam.

https://www.paypal.com/en_US/i/btn/btn_donate_SM.gif (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=R5ZEHGALFVEBY)


Thanks and good luck!

[Darkness Falls]

Wow intense.

Good work Intelmic :tup:

If I was writing 7C I would definitely be getting you a beer after the exam.

[Digweed]

Thanks Intelmic!!! Will definitely have a good look when/if I get through all the flashcards.

[intelmic]

My pleasure Digweed, but you should definitely take a look at it!

I'm pretty convinced at least one of my question will be on the exam! :)

[intelmic]

Notice to the 2 users I provided the solutions:


My third favorite question has a defect! :(

On the MCT_Q2 solution sheet, under Capital Available:
the first line, "Total Equity" should be renamed "Total Equity less AOCI"
the correspondant number should be switched to 1,100,000.

The rest of the calculations flows normally.

[intelmic]

Added more questions under a separated pdf file. (w/ solutions)

Enjoy!

[intelmic]

:bump:

Just a reminder!

3 days left of studying!
Keep it up!

And if you have some spare time to kill, try my practice exam! ;)

[Digweed]

I like the MCT Q2. What were you favourite and second favourite question?

[intelmic]

My favorite is Cheng's question, makes you combine many items.

and FeldblumQ1&2!

[Prince]

I like the MCT Q2. What were you favourite and second favourite question?

I wonder whether we should add the income from subsidiaries (line 47 page 20.42) to the items of AOCI. I thought we should only add Bond, Equity and Currency net of Hedge.

[intelmic]

The calculated interest rate risk is within the range so should not be capped.



No, the overall MfAD for Discount rate is between 50 & 200 bp. You must sum the 3 sub components (Credit risk, Interest Rate risk, Timing risk) which yields 210 bp. This is what is capped to 200 bp.

[intelmic]

I wonder whether we should add the income from subsidiaries (line 47 page 20.42) to the items of AOCI. I thought we should only add Bond, Equity and Currency net of Hedge.

Take a look at the PC1 template from OSFI or the CCIR instructions for page 30.70.

[CanadianBorn]

Regarding the 2nd OFSI memo question, I don't understand how the calculation for direct unpaid clms works? Should there be a deduction for RSP transferred?

I'm trying to reconcile the solution with #35 from the '06 exam

[intelmic]

In the 2006 exam,

the "Direct - regular business on company systems" includes the RSP transferred because it is underwritten by the company and the financial number are in the system. It doesn't include the RSP assumed because that's a bill you receive at some point in time.


My question, I gave you everything broken down already. To calculate the "Direct" for OSFI, there's no deduction for transferred RSP...you simply don't add it at the beginning.

[intelmic]

Alright, book's closed.

Good luck everyone tomorrow!

[intelmic]

I attached all my memory lists.




The file "Other summaries_7C_2010_AO.xls" contains:


a gigantic table summarizing each case law. (with another sheet using a macro to randomly quiz you :))
a big table summarizing DCAT risks.
a Injury / Liability insurance summary.



Have fun!