Most life insurance companies that are taxable in Canada fall into which one of the following classifications:
A company that has its loans serviced, for whatever reason, is usually charged a servicer’s fee. This fee is usually expressed:
What method assumes that an entity’s historical experience relating to the timeliness of settlement will be predictive of future results?
The nature and extent of interest rate risk, credit risk, reinsurance risk and other significant risks should be disclosed is required for:
The Appointed Actuary has a responsibility to express an opinion on the appropriateness of certain actuarially determined amounts in the financial statements.
In a yield-maintenance agreement:
Adjusting and Others (AO) reserves are often provided for by using the calendar year paid-to-paid method rather than the accident year paid-to-paid method used for Inflation in Defense & Cost Containment (DCC) reserves.
Final approval should be obtained prior to placing a new system into operation is the activity that can be fall into which control?
Scope of Examination and Report of Independent Certified Public Accountant states that:
_______________ reserves for income tax purposes are referred to as maximum tax actuarial reserves (MTAR) and replace the actuarial liabilities used for accounting purposes in computing taxable income.
