Actuarial Notes

CAS Exam 6C Spring 2019, Question 7

Study guide: Exam 6C

Part a (2 points)

Briefly describe each of the following legal principles and briefly explain a reason each principle is plaintiff-friendly or defendant-friendly:

  • i. Joint and several liability
  • ii. Gross income wage replacement
  • iii. Collateral source rule
  • iv. Prejudgment interest

Part b (1 point)

Identify a reform to each of the legal principles in part a. above that would benefit the counterparty to the one identified in part a. above.

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Concepts tested

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