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  #41  
Old 10-20-2019, 12:48 PM
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What's the answer in the study note? I'm only looking at the outline. I think how you do it works but I wouldn't be surprised if it was rounded up in some way to be conservative
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  #42  
Old 10-20-2019, 01:14 PM
PoisedGiraffe PoisedGiraffe is offline
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Quote:
Originally Posted by Ezea View Post
Can anyone explain what's going on in GHS 128-19 example E? I'm at a complete loss from where they are getting the answer.

Question:
A carrier has an RBC ratio of 17% plans to have its owner infuse capital so that the RBC ratio will exceed 225%. Given that the current surplus is $100 million, how much additoinal capital is warranted?

Answer:
(225%/175% - 1) * 100 Million

I think they just skipped some intermediate steps. If you first solve for ACL, I think it's more clear.

100M/ACL = 175%

So ACL = 57.2M

Now to have RBC of 225% multiply 57.2 by 2.25 = 128.6

Subtract the 100M already available and need an increase of 28.6

Seems like their formula just does some substitution to remove the calc of ACL .

If ACL = 100/1.75, then the new capital requirement is 2.25 * (100/1.75) - 100.

Pull out the 100 and I think this is how they arrive at their formula
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  #43  
Old 10-20-2019, 03:01 PM
Ezea Ezea is offline
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Quote:
Originally Posted by PoisedGiraffe View Post
I think they just skipped some intermediate steps. If you first solve for ACL, I think it's more clear.

100M/ACL = 175%

So ACL = 57.2M

Now to have RBC of 225% multiply 57.2 by 2.25 = 128.6

Subtract the 100M already available and need an increase of 28.6

Seems like their formula just does some substitution to remove the calc of ACL .

If ACL = 100/1.75, then the new capital requirement is 2.25 * (100/1.75) - 100.

Pull out the 100 and I think this is how they arrive at their formula

Thank you. I think I was so focused on arriving at their formula, I abandoned all common sense.
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  #44  
Old 10-22-2019, 01:25 PM
PoisedGiraffe PoisedGiraffe is offline
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Does anyone have any thoughts on how in-depth we should be covering the various grouper models (e.g. Symmetry, MARA, DxCG, etc.)?

Has anyone come across an old exam problem that looks at one of these?
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  #45  
Old 10-25-2019, 12:36 PM
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Quote:
Originally Posted by PoisedGiraffe View Post
Does anyone have any thoughts on how in-depth we should be covering the various grouper models (e.g. Symmetry, MARA, DxCG, etc.)?

Has anyone come across an old exam problem that looks at one of these?
I know there were questions concerning DRGs versus ETGs maybe 5ish years ago. Nothing comes to mind with the commercial grouper models.
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  #46  
Old 10-25-2019, 02:12 PM
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Originally Posted by trondogss View Post
I know there were questions concerning DRGs versus ETGs maybe 5ish years ago. Nothing comes to mind with the commercial grouper models.
Yeah, Iím not going to spend too much time on this topic. Knowing all of the grouper models would take up way too much memory and memory is limited right now.
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  #47  
Old 10-28-2019, 07:46 AM
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Good luck to everyone taking the exam tomorrow afternoon!!

After the exam, take a much needed break. You've earned it!
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  #48  
Old 10-29-2019, 08:37 AM
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Best of luck to everyone today!
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  #49  
Old 10-29-2019, 06:44 PM
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are they trying to get back up to a 70% pass mark again?
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  #50  
Old 10-29-2019, 07:10 PM
WamBamPassExam WamBamPassExam is offline
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Quote:
Originally Posted by BigBlackBen View Post
are they trying to get back up to a 70% pass mark again?
So you thought it was easy?
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