Chapter 1, 2 and 3 Actuarial advice, External environment and Regulation Flashcards Preview

Acronym knowledge test CA1 > Chapter 1, 2 and 3 Actuarial advice, External environment and Regulation > Flashcards

Flashcards in Chapter 1, 2 and 3 Actuarial advice, External environment and Regulation Deck (14)
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1
Q

Different types of advice

A

FRI

2
Q

The external environment

A

CREATE GREAT LISTS

3
Q

Functions of the regulator

A

SERVICE

4
Q

Regulation regimes:

A

UVSS

5
Q

Regulation aims:

A

GRIPIE

6
Q

Regulation needs: Reducing info asymmetries

A

SPIDER CC

7
Q

Regulation needs: Confidence in market

A

CPI’S

8
Q

Cost if regulation:

A

PUMA CR

9
Q

Influences of policyholder reasonable expectations

A

PEMB

10
Q

Managing conflicts of interest

A

CARD R/ CAR DR.

11
Q

Regulation that the state could impose to regulate providers

A

PAM SAM BAM VR

12
Q

Merits of Statutory regulation:

A

PENI MUCI

13
Q

Merits of Self-regulation :

A

REK PEL

14
Q

The different forms of regulation:

A

PrOF