CIA.CSOP Flashcards
1
Q
what should be included in the AAR (Appointed Actuary’s Report) (4)
A
OPINION: on whether PolLiabs as determined by AA are fairly represented in insurer’s F/S
ALSO: detailed commentary, data, calculations
2
Q
AA’s main responsibility regarding data in the AAR
A
that the data is RelSuff (reliable & sufficient) for valuation purposes
3
Q
what disclosures are required by NEW AA in next AAR
A
DATES: outgoing AA exit date, incoming AA start date, OSFI notification date
COMMUNICATION: between incoming AA and outgoing AA
QUALIFICATIONS: of new AA
