G. Stolyarov II
G. Stolyarov II is a science fiction novelist, independent essayist, poet, amateur mathematician, composer, author, and actuary.
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Valedictorian: Glenbrook South High School, Glenview, IL ; Salutatorian: Hillsdale College, Hillsdale, MI - Bachelor of Sciences in Economics, Mathematics, and GermanInterests
philosophy, politics, economics, culture, mathematics, music, debate, argumentation, business, literature, poetry, writingMotto
Reason, Rights, and ProgressAffiliations
Editor-in-Chief, The Rational Argumentator, Writer, Le Quebecois Libre, Writer, Ludwig von Mises InstituteFavorites
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Christopher Hitchens, Kim Jong Il, Totalitarianism, and Cultural HomogeneityTwo famous men in December 2011. One was a great thinker, the other – a vile dictator and despicable thug. This is not an obituary for either of them. Rather, it is an exploration of ideas and their implications.
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Reserve Estimation Using the Extended Link Ratio Family and the Probabilistic Trend Family of ModelsSection 67 of The Actuary's Free Study Guide for Exam 6 offers 20 practice questions/solutions regarding the extended link ratio family (ELRF) and the probabilistic trend family (PTF) of models for estimating reserves, described by Barnett and Zehnwirth.
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Characteristics of Excess Loss Development - Part 2: Practice Questions and SolutionsSection 66 of The Actuary's Free Study Guide for Exam 6 offers six practice questions and solutions pertaining to the analyses of Bear and Levine regarding the Pinto-Gogol technique for estimating excess loss development.
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Calculation of Loss Development Factors for Excess Loss Layers: Practice Questions and SolutionsSection 65 of The Actuary's Free Study Guide for Exam 6 offers five practice questions and solutions regarding the calculation of loss development factors for excess loss layers that have an upper bound.
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Characteristics of Excess Loss Development: Practice Questions and SolutionsSection 64 of The Actuary's Free Study Guide for Exam 6 offers six practice questions and solutions regarding the theoretical insights developed by Pinto and Gogol regarding excess loss development.
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Conciseness on Actuarial Essay ExamsMr. Stolyarov offers four general hints for condensing one's answers to essay questions on upper-level actuarial exams, without compromising the communication of candidates' knowledge.
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Reinsurance Pricing Concepts -- Part 2: Practice Questions and SolutionsSection 61 of The Actuary's Free Study Guide for Exam 6 offers seven more practice problems and solutions regarding concepts in reinsurance pricing.
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Reinsurance Pricing Concepts: Practice Questions and SolutionsSection 60 of The Actuary's Free Study Guide for Exam 6 offers seven practice questions and solutions regarding reinsurance pricing concepts and reinforcing a conceptual understanding of various pricing approaches.
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Analysis of the PDLD Approach to Estimating the Premium Asset for Loss-Sensitive Contracts: Practice Questions and SolutionsSection 59 of The Actuary's Free Study Guide for Exam 6 offers five practice questions and solutions on conceptual aspects of the premium development to loss development (PDLD) approach for estimating the premium asset on loss-sensitive contracts.
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Calculation of Cumulative Premium Development to Loss Development Ratios and Premium Assets for Retrospectively Rated Insurance Policies: Practice Questions and SolutionsSection 58 of The Actuary's Free Study Guide for Exam 6 offers five practice questions and solutions regarding the calculation of CPDLD ratios and the determination of the premium asset in retrospectively rated insurance policies.
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Calculation of Premium Development to Loss Development Ratios for Retrospectively Rated Insurance Policies: Practice Questions and SolutionsSection 57 of The Actuary's Free Study Guide for Exam 6 offers five practice questions and solutions regarding the calculation of premium development to loss development (PDLD) ratios for retrospectively rated insurance policies.
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Intermediate Principles of Premium Accounting: Practice Questions and SolutionsSection 56 of The Actuary's Free Study Guide for Exam 6 offers five practice questions regarding such concepts of premium accounting as the premium deficiency reserve, non-pro-rata earning of premium, and various distinctions in regulatory accounting.
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Basic Principles of Premium Accounting: Practice Questions and SolutionsSection 55 of The Actuary's Free Study Guide for Exam 6 offers five practice questions and solutions regarding the basic principles of premium accounting, including when to recognize premium as revenue and various complicating considerations.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 26Section 54 of The Actuary's Free Study Guide for Exam 6 offers five exam-style questions and solutions regarding various insurance reserving techniques and reinsurance.
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Principles and Criteria of Insurance Accounting: Practice Questions and SolutionsSection 53 of The Actuary's Free Study Guide for Exam 6 offers five practice questions and solutions regarding the different systems of principles and criteria for insurance accounting.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 25Section 52 of The Actuary's Free Study Guide for Exam 6 offers five exam-style questions and solutions on reserving techniques, including the expected claims, Cape Cod, Bornhuetter-Ferguson, and Berquist-Sherman methods.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 24Section 51 of The Actuary's Free Study Guide for Exam 6 offers five exam-style questions and solutions on topics related to reinsurance, insurance accounting, and commutation of claims.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 23Section 50 of The Actuary's Free Study Guide for Exam 6 offers five exam-style questions and solutions on reinsurance and reserving techniques such as the Cape Cod method.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 22Section 49 of The Actuary's Free Study Guide for Exam 6 offers five exam-style questions and solutions on reinsurance, insurance-related accounting concepts, and enterprise risk management.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 21Section 48 of The Actuary's Free Study Guide for Exam 6 offers five exam-style questions and solutions on the Cape Cod reserving method, reinsurance, and enterprise risk management.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 20Section 47 of The Actuary's Free Study Guide for Exam 6 offers five exam-style questions and solutions on reinsurance and reserving techniques.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 19Section 19 of The Actuary's Free Study Guide for Exam 6 offers five exam-style practice questions and solutions on insurance accounting concepts and retrospective reserve evaluation.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 19Section 46 of The Actuary's Free Study Guide for Exam 6 offers five exam-style practice questions and solutions on insurance accounting concepts and retrospective reserve evaluation.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 18Section 45 of The Actuary's Free Study Guide for Exam 6 offers five exam-style questions and solutions on such concepts as Bayesian credibility for unpaid claim estimates, retrospectively rated insurance policies, and accounting concepts.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 17Section 44 of The Actuary's Free Study Guide for Exam 6 offers exam-style five practice questions and solutions of various loss development methods, including the least-squares method and fitted loss models.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 16Section 38 of The Actuary's Free Study Guide for Exam 6 offers five exam-style questions and solutions regarding various reserving techniques, such as frequency-severity methods, the Berquist-Sherman method, and the Bornhuetter-Ferguson method.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 15Section 37 of The Actuary's Free Study Guide for Exam 6 offers five practice questions and solutions on subjects such as the Bornhuetter-Ferguson method, excess loss development, and retrospective analysis of reserve estimates.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 14Section 31 of The Actuary's Free Study Guide for Exam 6 offers five exam-style questions and solutions on reinsurance, the Berquist-Sherman approach, and large-deductible policies.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 13Section 30 of The Actuary's Free Study Guide for Exam 6 offers five exam-style questions and solutions on reinsurance, unpaid loss estimation, and policy-event-based loss estimation.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 12Section 24 of The Actuary's Free Study Guide for Exam 6 offers five exam-style questions and solutions on enterprise risk management, reinsurance data and accounting, and the Bornhuetter-Ferguson and Stanard-Buhlmann/Cape Cod methods.
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ACTA: The War on Progress, Freedom, and Human CivilizationA clandestine international treaty, currently being negotiated, can justly be called the greatest threat of our time to the advancement of human civilization. ACTA would undo the Internet revolution's accomplishments and stifle technological progress.
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The Effects of the Economic Crisis on Young PeopleThe current economic crisis may seem abstract and distant to some, but it cannot be more immediate and pressing for young people in their early twenties. Mr. Stolyarov hopes to convey some understanding of the experiences faced by this group of people.
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The Benefits of the Abolition of Compulsory Education Over the Status QuoWould ending compulsory schooling add anything to the educational freedoms enjoyed by students today due to the permissibility of homeschooling? Mr. Stolyarov discusses ways in which abolishing compulsory schooling would accomplish even more.
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How Can I Live Forever?: What Does and Does Not Preserve the SelfWhen we seek indefinite life, what is it that we are fundamentally seeking to preserve? Mr. Stolyarov explains the concept of "I-ness" and the situations in which it does and does not continue.
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Concepts Involved in the Expected Claims Method: Practice Questions and SolutionsSection 23 of The Actuary's Free Study Guide for Exam 6 offers five practice questions and solutions regarding the concepts involved in the expected claims method of estimating claim development.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 11Section 22 of The Actuary's Free Study Guide for Exam 6 offers five exam-style questions and solutions pertaining to reinsurance and two different possible treatments of allocated loss adjustment expenses.
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Financial Accounting Standards for Loss Contingencies: Practice Questions and SolutionsSection 21 of The Actuary's Free Study Guide for Exam 6 offers five practice questions and solutions regarding financial accounting standards for loss contingencies.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 10Section 20 of The Actuary's Free Study Guide for Exam 6 offers five exam-style questions and solutions regarding insurance and reinsurance accounting.
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Applications of the Chain Ladder Method: Practice Questions and SolutionsSection 19 of The Actuary's Free Study Guide for Exam 6 offers five practice questions and solutions regarding applications of the chain ladder method (a.k.a. the development method) of estimating unpaid claims.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 9Section 18 of The Actuary's Free Study Guide for Exam 6 offers five exam-style questions and solutions regarding loss development, reinsurance, medical malpractice insurance, and determinants of loss frequency and severity.
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Concepts Involved in the Chain Ladder Method: Practice Questions and SolutionsSection 17 of The Actuary's Free Study Guide for Exam 6 offers five practice questions and solutions regarding the concepts involved in the chain ladder method, also known as the development method.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 8Section 16 of The Actuary's Free Study Guide for Exam 6 offers five exam-style questions regarding estimation of allocated loss adjustment expenses, insurance accounting, and reinsurance-related concepts.
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Uses of Actuarial Triangles for Claims and Claim Counts to Evaluate an Insurer's Situation: Practice Questions and SolutionsSection 15 of The Actuary's Free Study Guide for Exam 6 offers five practice questions and solutions regarding how actuarial triangles for claims and claim counts may be used to evaluate an insurer's situation.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 7Section 14 of The Actuary's Free Study Guide for Exam 6 offers assorted exam-style questions on retrospective rating, strategic risk, cumulative development functions, disposal rates for claims, and the percentage of premium method for estimating IBNR.
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Actuarial Triangles Involving Reported Claims, Paid Claims, and Earned Premium: Practice Questions and SolutionsSection 13 of The Actuary's Free Study Guide for Exam 6 offers five practice questions and solutions regarding actuarial triangles used for comparing various ratios involving reported claims, paid claims, and earned premium.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 6Section 12 of The Actuary's Free Study Guide for Exam 6 offers five further exam-style questions and solutions regarding premium deficiency reserves, reinsurance, Patrik's method, excess loss development, and development triangles.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 5Section 10 of The Actuary's Free Study Guide for Exam 6 offers five practice questions and solutions of the sort that might appear on the actuarial exam.
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Actuarial Reserving Considerations: Practice Questions and SolutionsSection 9 of The Actuary's Free Study Guide for Exam 6 offers five practice questions/solutions regarding actuarial reserving considerations from the Statement of Principles Regarding Property and Casualty Loss and Loss Adjustment Expense Reserves.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 4Section 8 of The Actuary's Free Study Guide for Exam 6 offers five practice questions and solutions to prepare candidates for the problems that might appear on the actuarial exam.
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Actuarial Reserving Definitions and Principles: Practice Questions and SolutionsSection 7 of The Actuary's Free Study Guide for Exam 6 offers five practice questions/solutions based on concepts in the Casualty Actuarial Society Statement of Principles Regarding Property and Casualty Loss and Loss Adjustment Expense Reserves.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 3Section 6 of The Actuary's Free Study Guide for Exam 6 offers five assorted exam-style questions to prepare candidates for problems they might encounter on the actuarial exam.
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Basic Concepts Regarding Data Aggregation and Other Data Treatments in Unpaid Claim Estimation: Practice Questions and SolutionsSection 5 of The Actuary's Free Study Guide for Exam 6 offers five practice solutions regarding basics of data aggregation and other data treatments (such as treatment of loss adjustment expenses and data reviews) relevant to estimating unpaid claims.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 2Section 4 of The Actuary's Free Study Guide for Exam 6 offers five assorted exam-style questions and solutions designed to prepare candidates for the kinds of problems that might appear on the examination.
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Basic Concepts Regarding Data Used in Estimating Unpaid Claims: Practice Questions and SolutionsSection 3 of The Actuary's Free Study Guide for Exam 6 offers five practice questions and solutions regarding data used in estimating unpaid claims.
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Assorted Exam-Style Questions for Actuarial Exam 6 -- Part 1Section 2 of Assorted Exam-Style Questions for Actuarial Exam 6 offers five questions and solutions meant to resemble the kinds of questions that might be asked on the exam.
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Basic Concepts Regarding Unpaid Claim Estimation: Practice Questions and SolutionsSection 1 of The Actuary's Free Study Guide for Exam 6 offers five practice questions and solutions related to some basic terms pertaining to estimation of unpaid claims.
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Freedom, Responsibility, and the BP Oil SpillThe BP oil spill is a prime example of the failures of corporatism, a regime that is the antithesis of genuine free markets. This article analyzes some of the unintended consequences of bad policies that made the oil spill possible.
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Unstructured Leisure and ProgressMr. Stolyarov argues that unstructured time is not only the source of human progress; it is also essential for people to develop their own individualities and flourish as unique human beings.
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Three Near-Term Threats to Liberty in AmericaThe United States is threatened by three immediate-to-near-term problems that endanger individual freedom in this country, as well as the more tangible material quality of life for most Americans. Mr. Stolyarov presents them in order of increasing harm.
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Collectivism is Ancient; Freedom, Reason, and Progress Are NewIrrational, illiberal collectivism had its beginnings along with the beginnings of the human species. It is the liberation of the individual from irrational superstitions and the tyranny of other men that is quite new in human history.
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Elements of Directors' and Officers' Liability Insurance, Employment Practices Liability Insurance, Employee Benefits Liability Insurance, and Fiduciary Liability Insurance: Practice Questions and SolutionsSection 137 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding elements of insurance covering liability for directors and officers, employment practices, employee benefits, and fiduciary activities.
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Elements of Professional Liability Insurance and Management Liability Insurance: Practice Questions and SolutionsSection 136 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding elements of professional liability insurance and management liability insurance.
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Elements of Umbrella Liability Insurance: Practice Questions and SolutionsSection 135 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding elements of umbrella liability insurance, including applications of drop-down coverage and some umbrella policy conditions and exclusions.
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Special Elements of Some Workers' Compensation Insurance Programs and Basics of Excess and Umbrella Liability Insurance: Practice Questions and SolutionsSection 134 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding special elements of some workers' compensation insurance programs and the basics of excess and umbrella liability insurance.
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Elements of Employers' Liability Insurance: Practice Questions and SolutionsSection 133 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding elements of employers' liability insurance and related topics.
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Elements of Workers' Compensation Insurance - Part 2: Practice Questions and SolutionsSection 132 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding elements of workers' compensation insurance and other related concepts, such as excess insurance for self-insured employers.
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Elements of Workers' Compensation Insurance: Practice Questions and SolutionsSection 131 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding basic elements of workers' compensation insurance.
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Elements of Typical Claims-Made Commercial General Liability Insurance Policies, Certificates of Insurance, and Other Liability Coverage Forms: Practice Questions and SolutionsSection 130 of The Actuary's Free Study Guide for Exam 5 offers 5 practice questions/solutions regarding elements of typical claims-made commercial general liability insurance policies, certificates of insurance, and other liability coverage forms.
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Conditions of a Typical Commercial General Liability Insurance Policy: Practice Questions and SolutionsSection 129 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding the conditions in a typical commercial general liability (CGL) insurance policy.
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Insureds and Limits of Commercial General Liability Insurance Policies: Practice Questions and SolutionsSection 128 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding the limits in typical commercial general liability insurance policies, as well as who is considered an insured.
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Coverages and Exclusions of a Typical Commercial General Liability Insurance Policy: Practice Questions and SolutionsSection 127 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding the coverages and exclusions of a typical commercial general liability (CGL) insurance policy.
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Particular, Principled, Context-Specific JusticeMr. Stolyarov argues that justice should not be blind. Indeed, justice should see as much as possible about the situation which is being judged and use all relevant information to arrive at a remedy specifically tailored to that situation.
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Elements of the "Special" Commercial Property Insurance Causes of Loss Form and Commercial General Liability Insurance: Practice Questions and SolutionsSection 126 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding elements of the "special" commercial property insurance causes of loss form and of commercial general liability (CGL) insurance.
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Covered Perils and Exclusions Under Typical Commercial Property Insurance Causes of Loss Forms: Practice Questions and SolutionsSection 125 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding covered perils and exclusions under typical causes of loss forms used in commercial insurance.
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Aspects of Typical Commercial Property Insurance Coverage Forms and Causes of Loss Forms: Practice Questions and SolutionsSection 124 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding aspects of typical commercial property insurance coverage forms and causes of loss forms.
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Common Elements and Additional Common Types of Commercial Insurance Policies: Practice Questions and SolutionsSection 123 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding common elements and types of commercial insurance policies.
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Common Types of Commercial Insurance: Practice Questions and SolutionsSection 122 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding common types of commercial insurance.
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Occurrence-Based Versus Claims-Made Insurance Policies: Practice Questions and SolutionsSection 121 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding differences and comparisons between occurrence-based and claims-made insurance policies.
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A Fictional Workers' Compensation Insurance Retrospective Rating Plan: Practice Questions and SolutionsSection 120 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding a fictional workers' compensation insurance retrospective rating plan, which illustrates some general elements of such plans.
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A Fictional Commercial Insurance Large Deductible Plan: Practice Questions and SolutionsSection 119 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding a fictional commercial insurance large deductible plan, used to illustrate calculations pertaining to similar such plans.
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Fictional Commercial Insurance Composite Rating Plan: Practice Questions and SolutionsSection 118 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding a fictional commercial insurance composite rating plan, designed to illustrate applications of composite rating.
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A Fictional Workers' Compensation Insurance Experience Rating Plan: Practice Questions and SolutionsSection 117 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions pertaining to a fictional workers' compensation experience rating plan, used to provide an application of experience rating.
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A Fictional Commercial Insurance Experience Rating Plan: Practice Questions and SolutionsSection 116 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions intended to illustrate elements experience rating in commercial lines insurance via the application of a simple fictional rating plan.
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Considerations Pertaining to Insurance Rate Dislocations, Rate Transitions, and New Rating Selections: Practice Questions and SolutionsSection 115 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding considerations pertaining to insurance rate dislocations, rate transitions, and new rating selections.
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The Approximated Change in Rate Differential Method of Establishing Base Rates for Insurance Rating Plans: Practice Questions and SolutionsSection 114 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding the approximated change in rate differential method of establishing base rates for insurance rating plans.
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The Approximated Average Rate Differential Method of Establishing Base Rates for Insurance Rating Plans: Practice Questions and SolutionsSection 113 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding the approximated average rate differential method of establishing base rates for insurance rating plans.
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Insurance Non-Pricing Changes and Rating Changes Aimed at Achieving Rate Adequacy: Practice Questions and SolutionsSection 112 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding both pricing and non-pricing changes that insurers sometimes implement to achieve rate adequacy.
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Elements of Typical Homeowners' Insurance Policies - Part 7: Practice Questions and SolutionsSection 111 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding elements of typical homeowners' insurance policies, focusing on the exclusions pertaining to the liability and medical payments coverages.
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Elements of Typical Homeowners' Insurance Policies - Part 6: Practice Questions and SolutionsSection 110 of The Actuary's Free Study Guide for Exam 5 offers five practice problems and solutions regarding the liability coverages offered by typical homeowners' insurance policies.
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Elements of Typical Homeowners' Insurance Policies - Part 5: Practice Questions and SolutionsSection 109 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding elements of typical homeowners' insurance policies, focusing on some of the conditions in the HO-3 policy.
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Elements of Typical Homeowners' Insurance Policies - Part 4: Practice Questions and SolutionsSection 108 of The Actuary's Free Study Guide for Exam 5 offers five practice problems and solutions regarding elements of typical homeowners' insurance policies, with a focus on the HO-3 policy and its conditions and exclusions.
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Elements of Typical Homeowners' Insurance Policies - Part 3: Practice Questions and SolutionsSection 107 of The Actuary's Free Study Guide for Exam 5 offers 5 practice questions/solutions on elements of typical homeowners' insurance policies, with emphasis on the HO-3 policy and Coverages A, B, C, and D - as well as the Additional Coverages.
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Elements of Typical Homeowners' Insurance Policies - Part 2: Practice Questions and SolutionsSection 106 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding elements of typical homeowners' insurance policies, particularly coverage for the dwelling, other structures, and personal property.
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Elements of Typical Homeowners' Insurance Policies - Part 1: Practice Questions and SolutionsSection 105 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding elements of typical homeowners' insurance policies, including the types of policies and coverages that are available.
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Elements of a Personal Automobile Insurance Policy - Part 6: Practice Questions and SolutionsSection 104 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding elements of a typical personal automobile insurance policy, including policy conditions and coverage for transportation expenses.
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Elements of a Personal Automobile Insurance Policy - Part 5: Practice Questions and SolutionsSection 103 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding elements of a typical automobile insurance policy, particularly pertaining to underinsured motorists and physical damage coverages.
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Elements of a Personal Automobile Insurance Policy - Part 4: Practice Questions and SolutionsSection 102 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding the elements of a typical personal automobile insurance policy and particularly focusing on uninsured/underinsured motorists coverage.
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Elements of a Personal Automobile Insurance Policy - Part 3: Practice Questions and SolutionsSection 101 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding elements of a typical personal automobile insurance policy, particularly the medical payments and uninsured motorists coverages.
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Elements of a Personal Automobile Insurance Policy - Part 2: Practice Questions and SolutionsSection 100 of The Actuary's Free Study Guide for Exam 5 offers five further practice questions and solutions regarding some elements of the liability coverages offered by a typical personal automobile insurance policy.
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Elements of a Personal Automobile Insurance Policy - Part 1: Practice Questions and SolutionsSection 99 of The Actuary's Free Study Guide for Exam 5 offers five practice problems and solutions regarding some elements of a typical personal automobile insurance policy.
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Formulas for Competitive Comparisons and Measurements of Performance for Insurers: Practice Questions and SolutionsSection 98 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding competitive comparisons and measurements of performance for insurers.
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Progress: Creation and MaintenanceWhile creation is a necessary component to progress, it is not a sufficient component. The other necessary component of progress is maintenance of what has already been created - an activity quite underrated in its significance.
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A Limerick on the Federal ReserveRead this limerick about the Federal Reserve's role in the current economic crisis - a winner of the Unforeseen Contingencies Fiscal Limerick Contest.
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The Method of Fitted Curves for Finding the Complement of Credibility in Excess Insurance Ratemaking and Cost-Benefit Analyses for Changes in Insurance Rating Structures: Practice Questions and SolutionsSection 97 of The Actuary's Free Study Guide for Exam 5 offers 5 practice questions/solutions regarding the use of fitted curves for finding the complement of credibility in excess insurance ratemaking and cost-benefit analyses for insurer rating changes.
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Finding Complements of Credibility in Excess Insurance Ratemaking Using Increased Limit Factors, Lower Limits Analysis, and Limits Analysis: Practice Questions and SolutionsSection 96 of The Actuary's Free Study Guide for Exam 5 offers 5 practice questions/solutions on methods of finding complements of credibility in excess insurance ratemaking such as increased limit factors, lower limits analysis, and limits analysis.
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Using Trended Present Rates in Finding the Complement of Credibility, Statistical Methods in Multivariate Classification Analysis, and the Challenges of Excess Insurance Ratemaking: Practice Questions and SolutionsSection 95 of The Actuary's Free Study Guide for Exam 5 offers 5 questions/solutions regarding the method of using trended rates in finding a complement of credibility, statistical methods in multivariate analysis, and excess insurance ratemaking.
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Methods for Finding Complements of Credibility: Harwayne's Method and the Use of Competitors' Rates: Practice Questions and SolutionsSection 94 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding two methods for finding complements of credibility: Harwayne's Method and the use of competitors' rates.
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Methods for Determining Complements of Credibility: Practice Questions and SolutionsSection 93 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions which provide practice with some analytical considerations pertaining to methods of determining complements of credibility.
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Basics of Classical Credibility, Bühlmann Credibility, and Bayesian Analysis of Credibility: Practice Questions and SolutionsSection 92 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions addressing the basics of classical credibility, Bühlmann credibility, and Bayesian analysis of credibility.
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Rate Calculations for Property Insurance and Considerations Pertaining to Insurance to Value: Practice Questions and SolutionsSection 91 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding rate calculations for property insurance and considerations pertaining to insurance to value.
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Calculations Pertaining to Coinsurance Requirements and Penalties in Property Insurance: Practice Questions and SolutionsSection 90 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding calculations pertaining to coinsurance requirements and penalties in property insurance.
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Calculations of Loss Elimination Ratios Using Continuous Loss Distributions and Considerations Pertaining to Expenses in Workers' Compensation Ratemaking: Practice Questions and SolutionsSection 89 of The Actuary's Free Study Guide for Exam 5 offers 5 practice questions/solutions regarding calculations of loss elimination ratios using continuous distributions and considerations of expenses in workers' compensation ratemaking.
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Calculation of Loss Elimination Ratios Using Observed Data: Practice Questions and SolutionsSection 88 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding the calculation of loss elimination ratios using observed data - both for ground-up losses and reported losses for policies with deductibles.
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Calculations of Increased Limit Factors Using Continuous Loss Distributions and Basic Calculations of Deductible Relativities and Loss Elimination Ratios: Practice Questions and SolutionsSection 87 of The Actuary's Free Study Guide for Exam 5 offers 5 practice questions/solutions regarding calculations of increased limit factors using continuous loss distributions and calculations of deductible factors/loss elimination ratios.
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Increased Limits Ratemaking for Single Limits with Censored Losses: Practice Questions and SolutionsSection 86 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding increased limits insurance ratemaking for single limits with censored losses.
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Increased Limits Ratemaking for Single Limits with Uncensored Losses: Practice Questions and SolutionsSection 85 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding increased limits insurance ratemaking for single limits with uncensored losses.
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Attributes of Territorial Ratemaking in Insurance: Practice Questions and SolutionsSection 84 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding attributes of territorial ratemaking in insurance.
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The Role of Data Mining Techniques and External Data in Enhancing Generalized Linear Models in Insurance: Practice Questions and SolutionsSection 83 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding the role of data mining techniques and external data in enhancing generalized linear models (GLMs) in insurance.
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Basics of GLM Diagnostics, Validation, and Factor Analysis: Practice Questions and SolutionsSection 82 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding the basics of diagnostics, validation, and factor analysis in generalized linear models (GLMs).
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Multivariate Classification Ratemaking Methods and Basic Principles of Generalized Linear Models: Practice Questions and SolutionsSection 81 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding multivariate classification ratemaking methods and the basic principles of generalized linear models (GLMs).
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The Minimum Bias Procedure for Two Rating Variables and Two Categories Per Variable: Practice Questions and SolutionsSection 80 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding the minimum bias procedure, in the context of two insurance rating variables and two categories per variable.
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The Adjusted Pure Premium Approach for Determining Relativities Pertaining to Specific Insurance Rating Variables: Practice Questions and SolutionsSection 79 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding the Adjusted Pure Premium Approach for determining relativities pertaining to specific insurance rating variables.
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Putting Randomness in Its PlaceA widespread misunderstanding of the meaning of "randomness" results in false generalizations made regarding reality. The view of randomness as metaphysical, rather than epistemological, is responsible for numerous commonplace fallacies.
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The Loss Ratio Approach for Determining Relativities Pertaining to Specific Insurance Rating Variables: Practice Questions and SolutionsSection 78 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding the loss ratio approach for determining relativities pertaining to specific insurance rating variables.
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The Pure Premium Approach for Determining Relativities Pertaining to Specific Insurance Rating Variables: Practice Questions and SolutionsSection 77 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding the Pure Premium Approach for determining relativities pertaining to specific insurance rating variables.
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Criteria for Selecting Underwriting and Rating Variables in Insurance: Practice Questions and SolutionsSection 76 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding the various criteria for selecting underwriting and rating variables in insurance.
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The Pure Premium Method and the Loss Ratio Method in Insurance Ratemaking: Practice Questions and SolutionsSection 75 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding the Pure Premium Method and the Loss Ratio Method in insurance ratemaking.
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Trending of Fixed Expenses, Reinsurance Costs, and Treatment of Profit in Insurance Ratemaking: Practice Questions and SolutionsSection 74 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding trending of fixed expenses, reinsurance costs, and treatment of profit in insurance ratemaking.
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The Premium-Based Projection Method and the Exposure-Based Projection Method for Expenses in Insurance Ratemaking: Practice Questions and SolutionsSection 73 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding the Premium-Based Projection Method and the Exposure-Based Projection Method in insurance ratemaking.
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Treatment of Expenses in Ratemaking and the All Variable Expense Method: Practice Questions and SolutionsSection 72 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding treatment of expenses in ratemaking and the All Variable Expense Method.
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Stages of a Lawsuit, Legal Expense Controls, and Alternative Dispute Resolution: Practice Questions and SolutionsSection 71 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding the stages of a lawsuit, legal expense controls, and alternative dispute resolution.
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Negotiations, Settlements, and Litigation for Liability Insurance Claims: Practice Questions and SolutionsSection 70 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding negotiations, settlements, and litigation for liability insurance claims.
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Damages and Settlements in Liability Insurance Claims: Practice Questions and SolutionsSection 69 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions pertaining to damages and settlements in liability insurance claims.
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Coverage, Investigation, and Defenses for Liability Insurance Claims: Practice Questions and SolutionsSection 68 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding coverage, investigation, and defenses for liability insurance claims.
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Basics of Liability Claim Adjusting: Practice Questions and SolutionsSection 67 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on the basics of liability claim adjusting.
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Waiver, Estoppel, Reservations of Rights, Salvage, and Subrogation in Insurance Claims: Practice Questions and SolutionsSection 66 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on waiver, estoppel, reservation of rights, salvage, and subrogation in insurance claims.
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Replacement Cost, Actual Cash Value, Depreciation, Agreed Amounts, Stated Amounts, and Policyholder Duties in the Event of Insured Losses: Practice Questions and SolutionsSection 65 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on replacement cost, actual cash value, depreciation, agreed amounts, stated amounts, and policyholder duties in the event of loss.
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Indirect Losses to Property, Verification of Property Losses, Intentional Property Losses, Replacement Cost, and Actual Cash Value: Practice Questions and SolutionsSection 64 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions pertaining to indirect losses to property, verification of property losses, intentional property losses, replacement cost, and actual cash value.
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Basics of Insurance Claims and Property Claim Adjusting: Practice Questions and SolutionsSection 63 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding the basics of insurance claims and property claim adjusting.
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Underwriting Considerations Pertaining to Workers' Compensation Insurance: Practice Questions and SolutionsSection 62 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on underwriting considerations pertaining to workers' compensation insurance.
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Personal Automobile and Commercial Automobile Loss Exposures: Practice Questions and SolutionsSection 61 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions pertaining to personal automobile and commercial automobile loss exposures in insurance.
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Completed Operations Loss Exposures, Professional Liability Insurance, Personal Liability Insurance, and Laws Pertaining to Automobile Insurance: Practice Questions and SolutionsSection 60 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on completed operations loss exposures, professional liability insurance, personal liability insurance, and laws regarding automobile insurance.
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Personal and Advertising Injury Loss Exposures, Premises Medical Payments Loss Exposures, Hold-Harmless Agreements, and Products Liability Loss Exposures: Practice Questions and SolutionsSection 59 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on topics such as loss exposures pertaining to personal and advertising injury, premises medical payments, and products liability.
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Concepts Pertaining to Legal Liability and Commercial Liability Insurance: Practice Questions and SolutionsSection 58 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on concepts pertaining to legal liability and commercial liability insurance.
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Losses Due to Hail, Vandalism, Earthquakes, Water, and Other Perils: Practice Questions and SolutionsSection 57 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on causes of loss such as hail, vandalism, earthquakes, and water damage - and their relationship to insurance.
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Coinsurance Requirements for Property Insurance and the Fire, Lightning, Explosion, and Windstorm Causes of LossSection 56 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on coinsurance requirements for property insurance and the fire, lightning, explosion, and windstorm causes of loss.
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Writers Can Prosper Without Intellectual PropertyIt is commonly supposed that intellectual property is necessary for creators of written works to make a living and - even more importantly - to continue to create. But even if copyrights disappeared, writers would not starve.
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Fire Sprinkler Systems and External Fire Loss Exposures: Practice Questions and SolutionsSection 55 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding fire sprinkler systems and external fire loss exposures - considered from the standpoint of insurance.
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Occupancy Hazards, Fire Protection Classes, Fire Prevention, and Fire Detection: Practice Questions and SolutionsSection 54 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on occupancy hazards, fire protection classes, fire prevention, and fire detection - which are important to consider in insurance.
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Construction and Occupancy Considerations Pertaining to Fire Risk: Practice Questions and SolutionsSection 53 of The Actuary's Free Study Guide for Exam 5 offers 5 practice questions and solutions on construction and occupancy considerations pertaining to fire risk, including construction classes and occupancy categories.
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Incentives Matter... On the MarginOne of the favorite expressions of economists is "Incentives matter." There is much truth to this idea, but it is instructive to examine how it works a bit more closely. Mr. Stolyarov does just that.
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General Underwriting Purposes, Functions, and Information in Insurance - Part II: Practice Questions and SolutionsSection 52 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on the roles of line and staff underwriters, underwriting constraints, underwriting guides, and underwriting audits.
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General Insurance Underwriting Considerations and Procedures: Practice Questions and SolutionsSection 51 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on general underwriting considerations and procedures in insurance, as well as steps in the underwriting process.
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General Underwriting Purposes, Functions, and Information in Insurance: Practice Questions and SolutionsSection 50 of The Actuary's Free Study Guide for Exam 5 offers 5 practice questions and solutions on basic purposes and functions of underwriters in insurers and some sources of underwriting information.
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Exclusive Agents, Direct Writers, Excess and Surplus Lines Brokers, Agency Premium Billing, and General Functions of Insurance Producers: Practice Questions and SolutionsSection 49 of The Actuary's Free Study Guide for Exam 5 offers 5 practice questions/solutions on the roles of exclusive agents, direct writers, and excess and surplus lines brokers in insurance, as well as insurance producer functions.
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Independent Agents and Brokers in Insurance: Practice Questions and SolutionsSection 48 of The Actuary's Free Study Guide for Exam 5 offers 5 practice questions/solutions on the roles of independent agents and brokers, national and regional brokers, managing general agents, and excess and surplus lines brokers.
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Risk Management Steps, the Law of Large Numbers, Types of Insurers, and Insurance Functions: Practice Questions and SolutionsSection 47 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding risk management steps, the law of large numbers, types of insurers, and insurance functions.
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Comparisons of Various Types of Loss Trends in Insurance and Simple Methods of Estimating Unallocated Loss Adjustment Expenses: Practice Questions and SolutionsSection 46 of The Actuary's Free Study Guide for Exam 5 offers 5 practice questions/solutions on comparisons of basic limits, total limits, and excess loss trends - as well as estimation of unallocated loss adjustment expenses.
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Trends Pertaining to Total Limits Losses, Basic Limits Losses, and Excess Losses: Practice Questions and SolutionsSection 45 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding the calculation of trends pertaining to total limits losses, basic limits losses, and excess losses in insurance.
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Calculations of Loss Trends in Insurance - Part 2 - Practice Questions and SolutionsSection 44 of The Actuary's Free Study Guide for Exam 5 offers five additional practice questions and solutions pertaining to the calculation of loss trends in insurance.
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Loss Development, Age-to-Ultimate Development Factors, and Calculations of Loss Trends: Practice Questions and SolutionsSection 43 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on loss development, age-to-ultimate development factors, and calculations of loss trends.
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Analysis of Insurance Losses Using the Parallelogram Method and Age-to-Age Development Factors: Practice Questions and SolutionsSection 42 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on the analysis of losses using the parallelogram method and on the determination of age-to-age development factors.
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Calculations Pertaining to Workers' Compensation Insurance Benefit Levels: Practice Questions and SolutionsSection 41 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on calculations pertaining to workers' compensation insurance benefit levels and effects of changes in benefits.
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Changes in Insurer Losses Due to Reinsurance and Changes in Coverage or Benefit Levels: Practice Questions and SolutionsSection 40 of The Actuary's Free Study Guide for Exam 5 offers five practice questions on solutions on situations where predicted future insurer losses change because of factors such as reinsurance and coverage/benefit level changes.
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Catastrophe and Excess Losses: Practice Questions and SolutionsSection 39 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on the various possible approaches to catastrophe and excess losses which may be used by insurers.
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Analyzing Loss Data by Calendar Year, Accident Year, and Policy Year: Practice Questions and SolutionsSection 38 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on the analysis of loss data by calendar year, accident year, and policy year.
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Premium Trends, Exposure Trends, One-Step Trending, and Two-Step Trending: Practice Questions and SolutionsSection 37 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on determining premium trends with consideration given to changes in the exposure trend and in the company's book of business.
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Calculations Using the Parallelogram Method when Some Rate Changes Are Applied to Already Written Insurance Policies: Practice Questions and SolutionsSection 36 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on applying the parallelogram method for adjusting historical premium to current rate levels - where some rates apply to policies already written.
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Policy-Year Calculations Using the Parallelogram Method: Practice Questions and SolutionsSection 35 of The Actuary's Free Study Guide for Exam 5 gives five practice questions and solutions on using the parallelogram method with policy-year data in order to bring historical premium to current rate levels.
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Application of the Parallelogram Method for Adjusting Historical Premium to Current Rate Levels: Practice Questions and SolutionsSection 34 of The Actuary's Free Study Guide for Exam 5 gives five practice questions and solutions on applying the parallelogram method for adjusting historical premium to current rate levels.
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Adjusting Historical Premium to Current Rate Levels: The Extension of Exposures Method and an Introduction to the Parallelogram Method: Practice Questions and SolutionsSection 33 of The Actuary's Free Study Guide for Exam 5 gives five practice questions and solutions regarding the extension of exposures method and the parallelogram method of adjusting historical premium to current rate levels.
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Aggregation of Earned Premium and In-Force Premium by Calendar Year and Policy Year: Practice Questions and SolutionsSection 32 of The Actuary's Free Study Guide for Exam 5 gives five practice questions and solutions on aggregation of earned premium and in-force premium by calendar year and policy year.
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Adjustments to Historical Premium and Written Premium Aggregation for Calendar Years and Policy Years: Practice Questions and SolutionsSection 31 of The Actuary's Free Study Guide for Exam 5 gives 5 practice questions and solutions on adjustments to historical premium and aggregation of written premium using the calendar year and policy year methods.
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Aggregation of Written, Earned, and In-Force Exposures for Insurance Policies of Unequal Terms and the "15th of the Month" Rule: Practice Questions and SolutionsSection 30 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on the aggregation of written, earned, and in-force exposures for insurance policies on unequal term lengths - as well as the "15th of the month" rule.
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Common Insurance Policy Provisions: Practice Questions and SolutionsSection 29 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on common insurance policy provisions - including the declarations, definitions, insuring agreements, conditions, and exclusions.
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Exchange of Unequal Amounts, Conditionality, and Restrictions on Transfer in Insurance: Practice Questions and SolutionsSection 28 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on characteristics of insurance such as the exchange of unequal amounts, conditionality, and restrictions on transfers of the insurance policy.
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Distinguishing Characteristics of Insurance Policies: Practice Questions and SolutionsSection 27 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding the distinguishing characteristics of insurance policies, including indemnity, utmost good faith, and fortuitous losses.
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Intentional Torts, Strict Liability, and Remedies for Torts: Practice Questions and SolutionsSection 26 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions regarding intentional torts, strict liability, and remedies for torts - as part of educating students on the legal environment of insurance.
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Basic Legal Concepts Relevant to Insurance: Practice Questions and SolutionsSection 25 of The Actuary's Free Study Guide for Exam 5 offers five practice problems and solutions on some basic legal concepts relevant to insurance - including different types of legal systems, types of laws, and torts.
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Net Income Loss Exposures and Personal Loss Exposures: Practice Questions and SolutionsSection 24 of The Actuary's Free Study Guide for Exam 5 gives 5 practice questions and solutions regarding some characteristics of net income loss exposures for individuals and businesses as well as other personal loss exposures.
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Characteristics of Ideally Insurable Loss Exposures: Practice Questions and SolutionsSection 23 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on the six characteristics of ideally insurable loss exposures and their identification in various situations.
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Functions and Properties of Risk Pooling and Insurance: Practice Questions and SolutionsSection 22 of The Actuary's Free Study Guide for Exam 5 offers five practice questions and solutions on some of the functions of risk pooling and insurance, as well as some of the similarities and differences between them.
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Considerations Regarding Insurance Markets and Pooling of Risk: Practice Questions and SolutionsSection 21 of The Actuary's Free Study Guide for Exam 5 gives five practice questions and solutions on some considerations regarding insurance markets - including factors affecting pricing and demand for insurance - and pooling of risk.
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Basic Supply and Demand and Some Factors Affecting Insurance Supply: Practice Questions and SolutionsSection 20 of The Actuary's Free Study Guide for Exam 5 gives five practice questions and solutions on basic supply and demand and some factors affecting insurance supply - including regulations and insurers' capacity to accept new business.
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Competition in Property and Casualty Insurance Markets: Practice Questions and SolutionsSection 19 of The Actuary's Free Study Guide for Exam 5 provides five practice questions and solutions on competition in insurance markets, including the Herfindahl Index and factors contributing to market competitiveness.
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Risk, Loss Exposures, and Hazards in Insurance: Practice Questions and SolutionsSection 18 of The Actuary's Free Study Guide for Exam 5 gives five practice questions and solutions on the concepts of risk, loss exposures, and hazards in insurance.
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Commonly Misunderstood Concepts: HappinessOne of the most grievous errors made by most people in the Western world today can be found in the prevailing view of happiness as constant pleasure or euphoria. This vision of happiness is not only unattainable but destructive of genuine happiness.
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Commonly Misunderstood Concepts: EmploymentThe mistaken identification of wealth with money results in yet another damaging fallacy: the idea that the only legitimate "employment" is work performed for somebody else in exchange for money. Mr. Stolyarov refutes this fallacy here.
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Dispelling Popular Great Depression Myths: Robert Murphy's "The Politically Incorrect Guide to the Great Depression and the New Deal"Robert P. Murphy's "The Politically Incorrect Guide to the Great Depression and the New Deal" debunks the myth of the Great Depression being caused by laissez-faire capitalism - and being solved by either the New Deal, World War II, or both.
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Hořava Gravity Theory Overturns Einsteinian Spacetime and Vindicates Aspects of "A Rational Cosmology"Mainstream physics is in the midst of a welcome development, as a new theory by Petr Hořava has posed a serious challenge to Einstein's general relativity model. It has also vindicated many of Mr. Stolyarov's insights in "A Rational Cosmology."
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A Rational Cosmology: The Non-Existence of Gravitons or Other "Force Particles"The revised 62nd essay of "A Rational Cosmology" refutes the idea that non-contact forces (and thus the field models which apply to them) can be explained by special types of "particles" which are responsible for the motion of entities in a force field.
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Commonly Misunderstood Concepts: WealthMany of the economic and personal fallacies of our time arise from the mistaken belief that wealth and money are identical. In fact, while money is in many cases an important gateway to wealth, it does not even approach describing what wealth truly is.
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Ten Principles of Classical LiberalismMr. Stolyarov formulates ten crucial principles of classical liberalism, a philosophy which has inspired some of the greatest accomplishments of the past and which promises to do even more for the future.
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Calendar Spreads and Implied Volatility: Revised Practice Problems and SolutionsThe revised Section 45 of The Actuary's Free Study Guide for Exam 3F / Exam MFE presents the concepts of calendar spreads and implied volatility and 5 practice problems and solutions regarding them.
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A Comprehensive List of Free Study Materials for Actuarial Exam 4 / Exam CMr. Stolyarov offers a list of links to free materials created by various authors to assist students preparing for Actuarial Exam 4/C. Use this page as a resource to conveniently access a variety of useful exam tools.
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Review of Put-Call Parity and Binomial Option Pricing: Revised Practice Problems and SolutionsThe revised Section 32 of The Actuary's Free Study Guide for Exam 3F / Exam MFE provides a comprehensive review of binomial option pricing and put-call parity by offering five exam-style questions and solutions that apply the concepts.
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Option Prices and Time to Expiration: Revised Practice Problems and SolutionsThe revised Section 10 of The Actuary's Free Study Guide for Exam 3F / Exam MFE discusses how time to expiration affects the prices of European and American call and put options. Five practice problems and solutions are provided.
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Exposure Bases, Methods of Aggregating Exposures, and In-Force Exposures: Practice Questions and SolutionsSection 17 of The Actuary's Free Study Guide for Exam 5 gives five practice questions and solutions on exposure bases, methods of aggregating exposures, and in-force exposures in insurance.
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Practice Questions and Solutions on the Use of Competitor Rate Filings and Third-Party Data by Insurance Companies and Criteria for Exposure BasesSection 16 of The Actuary's Free Study Guide for Exam 5 gives five practice questions and solutions on the use of competitor rate filings and third-party data by insurance companies and criteria for exposure bases.
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Insurance Data Aggregation Methods and External Insurance Data: Practice Questions and SolutionsSection 15 of The Actuary's Free Study Guide for Exam 5 gives five practice questions and solutions on insurance data aggregation methods such as policy year and report year aggregation, as well the use of data external to the insurance company.