Difference between revisions of "ASOP13.Trend"
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==Study Tips== | ==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== | ==BattleTable== | ||
Revision as of 14:41, 14 July 2020
Reading: Actuarial Standard of Practice No. 13, Trending Procedures in Property/Casualty Insurance
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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
- this reading has not been tested on any exam from the year 2012 and subsequent
reference part (a) part (b) part (c) part (d) no prior questions
