When are we allowed to talk?

[FormLetter]

Originally Posted by EasternSierra

I think if you pass one FSA level exam under the current system then you get credit for one 5 hour exam, and the one 2 hour exam under the new "7/1/2013" system. So it's almost beneficial to just pass one exam before the switch. That way you only have 6+5 = 11 hours of test rather than 12.

Yes (on the transition rule, not on what is beneficial) - from the SOA site on the transition:

Tracks Other Than Finance/ERM - July 1, 2013 Transition Rules:

•Each of the two current FSA exams in a track will be mapped into either FC or FA, with the decision to be made after curriculum is developed.
•Candidates who have passed both exams in their track will receive credit for FNC, FC and FA.
•Candidates, other than U.S. Retirement Benefits, who have passed exactly one exam in their track will receive credit for FNC and the exam to which their exam has been mapped.
•U.S. Retirement Benefits will map DP to FNC and CSP to FA. There will be no FC exam for U.S. Retirement Benefits candidates; the two EA exams will continue to be required.
•It is likely that the FC exam will not be the same for both the Investment and Finance/ERM tracks, even though the FETE exam it replaces is the same in both tracks.

[moniccazz]

hhmm i bet bonus structure will change again

[moniccazz]

just realized i had the wrong MLR! blaaahhh

[FormLetter]

Originally Posted by moniccazz

just realized i had the wrong MLR! blaaahhh

What do you mean?

[moniccazz]

i think i had MLR = 80% but it should have been 85%, one of the problems that ask if the insurer meets HCR Min Loss ratio...

i realized it reading some article on MLR today....

[FormLetter]

Yeah, 85% for large group. In that situation, I wonder which approach gets you more points...

1) state you can't remember if it is 85% or 80%, but you calculated X%, and state what you would conclude either way, or
2) pick 80% which is wrong, and state your conclusions correctly as though 80% was correct

[moniccazz]

no clue, but i did 2! well that's part is at the end, i guess we probably get more points getting to mlr, and then credit for explaining if it meets mlr or not, and how you can make it to meet.. i swear i made some stupid stuff up as i was getting like 83% and i said they are fine because i had 80%!! should have clicked that i was wrong!!
damn!

[Bison]

Went on a vacation a day after the exam in an attempt to forget all about it... and I've gotta say that reading through this thread now, I succeeded. I can't remember any answers that I got for any of this stuff.

I probably ended up with a few too many 0's and 1's to pass this sitting, but I've got a reasonable shot at least. Especially if everyone had as many time issues in the AM as I did.

[FormLetter]

Can you post any stats on how many questions/points from a past sitting you had in questions that you got a 0 or 1 on?

[SamTheEagle]

Originally Posted by FormLetter

Can you post any stats on how many questions/points from a past sitting you had in questions that you got a 0 or 1 on?

Here are my stats from the Fall 2011 sitting:

Question---Point Value-----Score
1---------------------5--------------4
2---------------------9--------------2
3---------------------6--------------2
4---------------------9--------------3
5---------------------8--------------3
6---------------------7--------------1
7--------------------11--------------2
8---------------------5--------------1
9---------------------6--------------1
10--------------------9-------------10
11-------------------12--------------9
12--------------------9--------------2
13--------------------6--------------2
14-------------------12-------------10
15--------------------6-------------10

I crushed the afternoon, and the morning killed me. Ended up with a 5 overall.