Chapter 35: Insolvency and closure

Question 1

Why insurance companies rarely become insolvent:

Answer 1

(RIPTC)

Question 2

When taking over discontinuance business or for a merger/acquisition, consider:

Answer 2

RIEL SyCRETS

Question 3

Options for benefit provision of discontinued benefit scheme

Answer 3

CLiBPr DIGG / CT6

Question 4

Factors affecting the level of benefit paid out in the case of insolvency:

Answer 4

(ARE)

Question 5

Factors considered when modeling future solvency

Answer 5

RECSOF

Question 6

Factors affecting benefit paid in discontinuance:

Answer 6

(FRACPENTCS)

Question 7

Issues arising when regulator intervention takes place

Answer 7

CRIMN

Question 8

Considerations when setting the basis for transfer values:

Answer 8

FND