SOP.UnpaidClms

Study Tips

This reading is only 2 pages. It provides definitions of basic terms like claim and coverage as well as 3 Principles regarding unpaid claims estimates. The definitions are obvious and you can take a few minutes to scan them if you'd like (link provided below.) The only things you specifically have to memorize are the 3 principles.

Estimated study time: 30 minutes (not including subsequent review time)

BattleTable

Based on past exams, the main things you need to know (in rough order of importance) are:

• how to assess reserving issues using common sense

reference	part (a)	part (b)	part (c)	part (d)
E (2013.Fall #15)	reserve study design: - considerations	Friedland06.Diagnostics	Friedland06.Diagnostics	Friedland06.Diagnostics

In Plain English!

Here's a link to the source text:

STATEMENT of PRINCIPLES:   Unpaid Claims Estimates

Here's the essence of the 3 principles:

Principle 1

Principle 2

Principle 3