SOA GIFREUGeneral Insurance — Financial & Regulatory Environment (U.S.)

Fellowship (FSA)

4 hours·10–12 written-answer questions·≈350 study hours

Score 0/0 · 5 MC

GIFREU · Q1
Written answer
Regulation, solvency & RBC
Explain the purpose of the covariance adjustment in the U.S. P&C RBC formula and describe the treatment of the R0 component.
GIFREU · Q2
Multiple choice
Regulation, solvency & RBC
An insurer has Total Adjusted Capital of 15 million and Authorized Control Level RBC of 5 million. Calculate the RBC ratio and identify the resulting action level.
GIFREU · Q3
Written answer
Regulation, solvency & RBC
Describe the purpose of the NAIC's IRIS ratio system and explain why a company failing several IRIS ratio tests is not automatically deemed insolvent or subject to regulatory action.