Difference between revisions of "ASOP12.RiskClass"
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==In Plain English!== | ==In Plain English!== | ||
| + | ===Section 2: Definitions=== | ||
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| + | The xxxx terms defined in this sections are: ''xxxx''. | ||
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| + | :{| class='wikitable' | ||
| + | |- | ||
| + | || | ||
| + | |} | ||
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| + | ===Section 3: Analysis of Issues and Recommended Practices=== | ||
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| + | |||
| + | ===Section 4: Communications and Disclosures=== | ||
==POP QUIZ ANSWERS== | ==POP QUIZ ANSWERS== | ||
Revision as of 15:46, 14 July 2020
Reading: Actuarial Standard of Practice No. 12, Risk Classification
Contents
Pop Quiz
Study Tips
ASOPs generally have these sections:
- Section 1. Purpose, Scope, Cross References, and Effective Date
- Section 2. Definitions
- Section 3. Analysis of Issues and Recommended Practices
- Section 4. Communications and Disclosures
- Appendices
Sections 3 & 4 contain most of the relevant information. The definitions in Section 2 are usually obvious and familiar, and are covered in either the Werner of Friedland source texts anyway. You can skip Section 1 and the Appendices. The appendices usually contain either very general background information or comments on the draft version of the ASOP.
Estimated Study Time: 30 minutes (you may occasionally refer back to this ASOP while studying the main pricing and reserving material)
BattleTable
Based on past exams, the main things you need to know (in rough order of importance) are:
- fact A...
- fact B...
reference part (a) part (b) part (c) part (d) E (2016.Fall #10) considerations:
- for risk classification
In Plain English!
Section 2: Definitions
The xxxx terms defined in this sections are: xxxx.
