<p>Master Outline for Exam 7 - 2007</p><p>A. Background Law (5% - 10%)</p><p> Mallor, The Legal Environment of Risk Management and Insurance – SK</p><p> Miceli, The Economic Approach to Law, 2004 – SK</p><p> Asbestos, AAA Mass Torts Subcommittee, “Current Issues in Asbestos Litigation,” – W</p><p> A. M. Best 2, "Business as Never Before," Best's Review – SK</p><p>B. Regulation of Insurance (25% - 30%)</p><p> Musulin, "Issues in the Regulatory Acceptance of Computer Modeling for Property Insurance Ratemaking," Journal of Insurance Regulation – SK</p><p> Brady, The Regulation of Insurance (First Edition) – L Chapter 2: Insurance Regulation Evolution Chapter 3: State Insurance Departments Chapter 4: Legislatures & the NAIC Chapter 5: Federal Government Regulation Chapter 6: Role of Others in Ins Reg</p><p> Wagner, "Insurance Rating Bureaus," Journal of Insurance Regulation – SK</p><p> Harrington, "Insurance Rate Regulation in the 20th Century," Journal of Ins Regulation – SK</p><p> A. M. Best 1, Annual Review of the Excess and Surplus Lines Industry – SK Section IV Section V</p><p> NAIC Model Law, “P&C Model Rating Law (File and Use Version),” Model Regulation – SK</p><p> Harrington/Doerpinghaus, "The Economics and Politics of Automobile Insurance Rate Classification," Journal of Risk and Insurance – SK</p><p> Williams, "Regulating Property and Liability Insurance Rates Through Excess Profits Statutes," Journal of Risk and Insurance – SK</p><p> Ghezzi, "Actuarial Perspective on Property/Casualty Redlining Issues," Actuarial Digest – SK C. Government and Industry Insurance Programs (10% - 15%)</p><p> Wiening, Personal Insurance (First Edition) – SK (We also have the book.)</p><p> Hamilton/Ferguson, Personal Risk Management and Property-Liability Insurance – SK</p><p> Jenkins, "Natl Flood Insurance Program, Actions to Address Repetitive Loss Properties," – SK</p><p> “Government Insurers Study Note,” CAS Study Note, May 2006 – W</p><p> Nyce, Foundations of Risk Management and Insurance – SK</p><p> Bartlett, "Attempts to Socialize Insurance Costs in Voluntary Insurance Markets: The Historical Record," Journal of Insurance Regulation – SK</p><p> Rejda, "Financing the Social Security Program," Social Insurance & Economic Security – SK</p><p> Ettlinger, State Insurance Regulation (First Edition) – L Chapter 6: Solvency Regulation Chapter 8: Regulating Insurer Insolvency</p><p> Wilcox, "The US Guaranty Association Concept at 25," Journal of Insurance Regulation – SK</p><p> Marshall/Neal, “Troubled Waters in Mississippi, The Homeowners Market and the Attorney General Lawsuit,” CPCU eJournal Nov 2006 – SKN</p><p>D. Financial Reporting and Taxation (50% - 55%)</p><p> NAIC AS and IEE (2007)</p><p> Feldblum (Sch F), "Reinsurance Accounting: Schedule F" – W</p><p> Feldblum (Notes), "Notes to the Financial Statement," – W</p><p> Feldblum (Surplus), "Statutory Surplus: Computation, Pricing and Valuation," – W</p><p> IASA 1, Property-Casualty Insurance Accounting (Eighth Edition) – L Chp. 2: Assets Chp. 5: OL, Capital & Surplus Chp. 8: Other Expenses Chp. 9: Investment Income Chp. 10: OI & Direct Charges/Credits Chp. 14: GAAP Chp. 15: SEC Chp. 18: Canadian Accounting</p><p> IASA 2, Property-Casualty Insurance Accounting (Eighth Edition) – L Appendix D</p><p> IASA 3, Property-Casualty Insurance Accounting (Eighth Edition) – L Chp. 16: Financial Strength</p><p> OSFI MCT, "Guideline-Minimum Capital Test (MCT) for P&C Insurance Companies," – SK</p><p> Feldblum (Loss Reserve Discounting), “IRS Loss Reserve Discounting,” – WN</p><p> Feldblum (Taxable Income), “Computing TI for P&C Insurance Companies,” – WN</p><p> Feldblum (Tax Strategy), “Federal Income Tax and Investment Strategy,” – WN</p><p> Blanchard, “Basic Insurance Accounting – Select Topics,” – WN</p><p> Gorvett, "Special Issues-Data Sources," Foundations of Casualty Actuarial Science – W</p><p> Suggested Reading: ASOP 36, "Actuarial Standard of Practice, No. 36, Statements of Actuarial Opinion Regarding Property/Casualty Loss and Loss Adjustment Expense Reserves." – W</p><p> COPLFR P&C, “P&C Practice Note, Statements of Actuarial Opinion on P&C Loss Reserves as of December 31, 2006.” – WN</p><p> Conger, "How Might the Presentation of Liabilities at Fair Value Have Affected the Reported Results of U.S. Property Casualty Insurers" – W</p><p> Feldblum (RBC), “NAIC P/C Ins Company RBC Requirements," PCAS – W</p><p> NAIC IRIS, “NAIC Insurance Regulatory Information System” – SKN</p><p> Feldblum (Sch P), "Completing and Using Sch P" (Eighth Edition), CAS Study Note – W</p><p> Feldblum (IEE), "The Ins Expense Exhibit and the Allocation of Investment Income" – W</p><p> NAIC APPM, Preamble – SKN</p><p> NAIC SSAP 53, "Property Casualty Contracts-Premiums" – SKN</p><p> NAIC SSAP 62, "Property and Casualty Reinsurance" – SKN</p><p> NAIC SSAP 65, "Property and Casualty Contracts" – SKN E. No Longer on Syllabus (0%)</p><p> Hensler, Trends in Tort Litigation, The Story Behind the Statistics – SK</p><p> Keeton, “The Impact on Insurance of Trends in Tort Law,” Issues in Insurance – SK</p><p> Biggs, Statement of Jennifer L. Biggs, FCAS, MAAA, … July 10, 2003 – SK</p><p> Troxel & Bouchie, Property-Liability Insurance Accounting and Finance (Fourth Edition) – SK</p><p> Greene, "Government Insurers," Issues in Insurance – SK</p><p> Almagro/Ghezzi, "Federal Income Taxes-Provisions Affecting Property/Casualty Insurers" – W</p><p> IASA 2, Property-Casualty Insurance Accounting (Eighth Edition) – L Chp. 12: Taxation</p>