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Search: Posts Made By: garnotte
Forum: Life 10-31-2018, 02:17 PM
Replies: 12
Views: 5,503
Posted By garnotte
Hi Donna, In your original post dating back...

Hi Donna,

In your original post dating back to 2013, you mention a list of VM-20 proposed amendments, one of which addresses the inclusion in VM-20 of group contracts that are individually...
Forum: Life 10-31-2018, 12:18 PM
Replies: 5
Views: 1,176
Posted By garnotte
Anyone mind to share their take on this? ...

Anyone mind to share their take on this?

There appears to be an Amendment Proposal Form dating back to 2013 addressing this issue (https://www.actuary.org/files/APF_VM20_Scope_8-6-13.pdf), but I...
Forum: Life 10-23-2018, 05:29 PM
Replies: 5
Views: 1,176
Posted By garnotte
We're currently including individually...

We're currently including individually underwritten group life in PBR. I'm simply trying to confirm that it is appropriate to do so, given that VM-20 refers to "individual life contracts" instead of...
Forum: Life 10-23-2018, 03:20 PM
Replies: 5
Views: 1,176
Posted By garnotte
I'd appreciate if you could share your thinking...

I'd appreciate if you could share your thinking on this! I'd like to know if individually underwritten group life insurance polices are subject to VM-20?

VM-20 states: "Minimum reserve...
Forum: Life 06-13-2018, 04:38 PM
Replies: 0
Views: 707
Posted By garnotte
VM-20 definition of "Group of policies"

I'm currently working on the Stochastic Exclusion Ratio Test (SERT) for our Term block, and would like to know which policies should I be using for testing purposes?

Should I use only policies...
Forum: Life Finance and Valuation Exam 01-12-2018, 03:52 PM
Replies: 77
Views: 16,194
Posted By garnotte
I did!

I did!
Forum: Life Finance and Valuation Exam 09-19-2017, 06:39 PM
Replies: 2
Views: 999
Posted By garnotte
I have the same question. Thanks!

I have the same question. Thanks!
Forum: Life Pricing Exam 04-24-2017, 01:19 PM
Replies: 11
Views: 1,644
Posted By garnotte
The solution assumes that management fees...

The solution assumes that management fees (including margin offset) are paid at the end of each period. The Hardy book gives an example where fees are paid at the beginning of each period.

How do...
Forum: Life Pricing Exam 04-21-2017, 10:22 PM
Replies: 4
Views: 690
Posted By garnotte
I guess I should have mentioned what the solution...

I guess I should have mentioned what the solution says... It says that 7702 and 7702A limits (NSP, GSP, GLP and 7-Pay) will be reduced due to using a higher rate (5% instead of 4%). Below is the...
Forum: Life Pricing Exam 04-21-2017, 04:54 PM
Replies: 11
Views: 1,644
Posted By garnotte
I agree with the above comment and believe the...

I agree with the above comment and believe the management fee should be negative (since income can be seen as a negative liability). Also, why is the solution not multiplying the death benefit in...
Forum: Life Pricing Exam 04-21-2017, 04:50 PM
Replies: 4
Views: 690
Posted By garnotte
Spring 2016 #6a

Question #6a from the Spring 2016 exam asks what would be the impact on 7702 and 7702A calculations if the statutory valuation rate is being increased from 4% to 5%.

It is my understanding that...
Forum: Life Pricing Exam 03-07-2017, 01:49 PM
Replies: 2
Views: 629
Posted By garnotte
Thank you! That makes sense!

Thank you! That makes sense!
Forum: Life Pricing Exam 02-19-2017, 04:59 PM
Replies: 2
Views: 629
Posted By garnotte
Relationship of IRR to ROI on a Level Term Life Insurance Police

This reading states that using Dac Tax is causing a "negative sloping ROI" (that is, ROI starts higher than IRR early on, and decreases over time), and I don't understand why that is. From my...
Forum: ERM Exam 11-01-2016, 09:04 PM
Replies: 324
Views: 47,303
Posted By garnotte
That's exactly what I did (and had the same...

That's exactly what I did (and had the same results as you), but had no clue if I was right or not. The range seemed pretty big, but had to guess something!
Forum: ERM module 11-07-2015, 01:30 PM
Replies: 717
Views: 184,473
Posted By garnotte
Submitted 9/13 MMR 11/05

Submitted 9/13
MMR 11/05
Forum: Investment / Financial Markets 07-26-2015, 11:41 PM
Replies: 2
Views: 764
Posted By garnotte
Sold !

Sold !
Forum: Regulation and Taxation 07-25-2015, 02:59 PM
Replies: 257
Views: 127,945
Posted By garnotte
Anyone interested in starting a Google Group? I...

Anyone interested in starting a Google Group? I plan on starting the EOM exercise this weekend.
Forum: Investment / Financial Markets 07-25-2015, 02:53 PM
Replies: 2
Views: 764
Posted By garnotte
ASM MFE 9th edition for sale

ASM MFE Manual - 9th Edition, 8th Printing. Comes in a binder.

Selling for 65$ + shipping. I accept Paypal only.

PM me if interested!
Forum: Investment / Financial Markets 07-09-2015, 08:01 PM
Replies: 973
Views: 151,142
Posted By garnotte
Passed !!! I never posted on Actuarial...

Passed !!!

I never posted on Actuarial Outpost before, but I followed this thread for a few weeks, and feel like I should post my comments on MFE for those of you who will be taking the exam in...
Showing results 1 to 19 of 19

 

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