CAS Exam 6C Fall 2016, Question 10
Study guide: Exam 6C
Each of the Facility Association risk-sharing pools operates in one specific jurisdiction and member companies operating in the jurisdiction can transfer risk into that pool.
Part a (0.5 points)
Describe how the financial results of a particular pool are shared among member companies.
Part b (1.25 points)
Identify five requirements that a risk must meet in order to be eligible for transfer to a pool.
Part c (1 point)
Describe how the pool operates with respect to:
- i. Actual transfer of premiums from a member company to the pool
- ii. Premium reimbursement from the pool to a member company
Part d (0.25 points)
Briefly describe how the Ontario pool differs from the other pools.
Answer this question and see the worked solution