Chapter 35: Insolvency and closure Flashcards Preview

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Flashcards in Chapter 35: Insolvency and closure Deck (8)
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1
Q

Why insurance companies rarely become insolvent:

A

(RIPTC)

2
Q

When taking over discontinuance business or for a merger/acquisition, consider:

A

RIEL SyCRETS

3
Q

Options for benefit provision of discontinued benefit scheme

A

CLiBPr DIGG / CT6

4
Q

Factors affecting the level of benefit paid out in the case of insolvency:

A

(ARE)

5
Q

Factors considered when modeling future solvency

A

RECSOF

6
Q

Factors affecting benefit paid in discontinuance:

A

(FRACPENTCS)

7
Q

Issues arising when regulator intervention takes place

A

CRIMN

8
Q

Considerations when setting the basis for transfer values:

A

FND