-----Original Message-----
From: dperry@UNIGARD.COM [SMTP:dperry@UNIGARD.COM]
Sent: Monday, March 09, 1998 8:15 PM
To: studygroup8@lists.casact.org
Subject: NAIC IRIS Ratios
On this exam, we have two different source readings which discuss the =
NAIC=20
IRIS Ratios. One of them is the D'Arcy article, and the other is the =
Troxel=20
and Bouchie article. There are some discrepancies with regard to the =
"usual=20
ranges" of these ratios. For example,
(3) Surplus Aid to Surplus:
D'Arcy: <25%
Troxel: <15%
(5) Investment Yield:
D'Arcy: >5%
Troxel: between 4.5% and 10%
(9) One Year Reserve Development to Surplus:
D'Arcy: <25%
Troxel: <20%
(10) Two Year Reserve Development to Surplus:
D'Arcy: <25%
Troxel: <20%
According to the Syllabus, D'Arcy was published 1996, and Troxel was=20
published in 1995, so I would be inclined to believe the former rather =
than=20
the latter. However, the D'Arcy paper was part of the Foundations book,=20
which was re-released in 1996, and it is possible that the IRIS values =
were=20
not updated for the new release. Do any of you know for sure?