CAS Exam 6C Spring 2014, Question 31
Study guide: Exam 6C
| Situation | Information available about the Actuary |
|---|---|
| A | FCIA A worked as a pricing actuary of ABC's subsidiary, but resigned two years ago. |
| B | FCIA B purchased five shares of ABC a week ago. |
| C | FCIA C invested in a mutual fund which owns shares of ABC. |
| D | FCIA D works in a consulting firm. His colleague was involved in the external audit of ABC this year. |
| E | FCIA E works in a consulting firm. His colleague is the Appointed Actuary of ABC. |
Part a (0.75 points)
Briefly describe OSFI's three objectives for requiring peer review of the work of the Appointed Actuary.
Part b (1.25 points)
ABC Insurance Company (ABC) is a federally licensed insurer. For each of the above situations, state whether the respective Fellow of the Canadian Institute of Actuaries (FCIA) is eligible to serve as external reviewer of ABC's Appointed Actuary Report. Support your answer and cite any special conditions that apply.
Answer this question and see the worked solution