From 2012, #19
Have an older study manual, may be an error. Cant get my hands on the errata:
Solution:
Basic Premium = Expenses + Conv. IC + (c - 1)E
Shouldn’t it be:
Basic Premium = Expenses + Conv. IC + (c - 1)(E-ELF)
Feels like the ELF was left off.
Does the exam start today? I’m already nervous…
Exam season started Monday.
Does anyone remember if any of the study guides has an example of calculate Table M savings (without calculating the charges)? I thought I remember seeing one and I cannot find it now.
I think you are referring to the vertical method right?
It is in the retro rating section in the Cookbook
Not exactly, I was thinking of setting up the table M and instead of calculating the charge from the bottom up, you calculate the savings from the top down.
The setup I was thinking of was calculating % < entry instead of % > and then use the same formula as the charge just starting with the top = 0 rather than the bottom = 1. The piece I was missing was the %< rather than the %>.
Thank you a lot for looking for me though!
ohh, I think I haven’t seen something like that… but I also haven’t really look very deep into the manuals.
I don’t remember seeing that, is there a scenario where that would be better or necessary? The case study lays out the classic horizontal method pretty well and you can calculate savings from the charge. Maybe it would be useful to check your work with?
I came across a question in a practice exam from crystal clear that asked for the savings and I solved it by getting the charge 1st and then the savings. I knew there was a more direct method and I was trying to remember it.
Hmmm…Horizontal (calculating charge first), vertical or drawing lee diagram (both can work from the top) are all I know, don’t recall seeing any other approach.
Thanks for the quick reply.
I think I had the formula wrong. (E-ELF) should be incorporated in the converted insurance charge (LCF*(E-ELF)*(charge-savings). In 2012-19, they already give the converted insurance charge.
are we allowed to tell how we felt after the exam? (e.g. I was completely beaten, I think I nailed it, that thing was a monstrosity, etc.)
I saw a lot of posts like that last Spring sitting but haven’t seen anything similar this sitting so far. So wondering if something might have changed this sitting?
You should be able to say how you felt without saying something like “that Clark question was impossible”
Not sure if it’s only me but I was confused by what was being asked. Hoping for a 6 …
Did anyone else felt that way? Curious if this sitting was harder than last year since pass rate was already low last time. (Please do not share anything not allowed of course)
Is it your second time? Do you think it’s harder than last year? Were there a lot of questions that you felt confused?
Sorry I had severe questions…
Sounds exactly how I feel leaving most CAS exams… half the battle is just figuring out what the heck is being asked, at least for me.
The exam was hard. Questions were not clear. Can’t really say how well it went.
Should we expect everyone to have the same set of questions? I’m wondering when they will have the question bank because the syllabus will change next year.
I think that will be always a mystery 
I would imagine that everyone still has the same question set based on the fact that CAS released an “examiners report” for the most recent sitting where they referenced specific questions. Complete guess on my part but that was my takeaway.
