Actuarial Notes

CAS Exam 6C Fall 2014, Question 5

Study guide: Exam 6C

The cap on non-pecuniary damages was established as a result of the 1978 Trilogy of Supreme Court of Canada decisions.

Part a (1.5 points)

Describe three reasons for the cap.

Part b (0.5 points)

Briefly describe two exceptions in which Trilogy decisions were ruled not to apply.

Part c (0.5 points)

Describe the Supreme Court's argument for allowing exceptions to the cap.

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