Chapter 35: Insolvency and closure Flashcards
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
