Actuarial Notes

CAS Exam 6C Fall 2014, Question 9

Study guide: Exam 6C

An insured is in a province that offers a choice of either liability (fault) insurance or injury (no-fault) insurance. Provide arguments to support the insured's selection with respect to the following:

Part a (0.5 points)

Financial impact to the at-fault driver

Part b (0.5 points)

Proportionality of benefits to injuries

Part c (0.5 points)

Timing of compensation payments

Part d (0.5 points)

Overall insurance system costs

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