Below is a list of Spring 2024 errors. If you notice any errors, please let us know by email at mateseminars.dc@gmail.com.

Group and Health Design & Pricing study materials

There is a typo in the “Calculated Risk – Driving Decisions Using the 5/50 Research” summary.

Under:

The projection risk: 4. a) i)

It should read: “For this particular sample, the sample mean is $440 PMPM”

If currently reads: “For this particular sample, the sample mean is $444 PMPM”

 

Group and Health Valuation & Regulation – US study materials

In Skwire chapter 39, manual page 5, the sub section discussing the development method approach for paid loss ratios can be ignored.  This was thoroughly covered in the prior edition of the text, but not in the 8th edition. 

Under:

Reserve methods – the appropriate method for setting reserves will vary based on the type of product

2. f)  Another development method approach is to develop paid loss ratios by incurral period … 

 

Group and Health Valuation & Regulation – Canada study materials

There was a revised version of GHVR-650-F23 that was posted by the SOA after we published the Spring 2024 material.  Most of the revisions were updating interest rate assumptions and fixing some typos.  Most of the changes do not need to be updated in our Spring 2024 materials. There was one paragraph that was updated and you can add two lines to your Outlines.

Under:

Net defined benefit liability and defined benefit cost (MATE manual, page 205)

2. d) ii) Increases in the DBO are referred to as “past service costs”

2. d) iii) Either are measured at the earlier of the date the event occurs and the date the company recognizes related restructuring costs

————

In Skwire chapter 39, MATE manual page 5, the sub section discussing the development method approach for paid loss ratios can be ignored.  This was thoroughly covered in the prior edition of the text, but not in the 8th edition. 

Under:

Reserve methods – the appropriate method for setting reserves will vary based on the type of product

2. f)  Another development method approach is to develop paid loss ratios by incurral period …

 

Group and Health Risk Mitigation study materials

There are currently no errata for these materials