CAS Exam 6C Spring 2014, Question 33
Study guide: Exam 6C
Part a (0.5 points)
Define "portfolio yield rate" according to the Canadian Institute of Actuaries' "Educational Note: Discounting".
Part b (0.75 points)
Briefly describe three considerations when calculating a portfolio yield rate.
Part c (0.25 points)
Briefly describe a situation in which the portfolio yield rate may be used as the discount rate for estimation of present value of ceded policy liabilities.
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