GI 302

Assumes knowledge of GI 101 and GH 201
The candidate will understand the personal lines insurance products offered in the United States.
The candidate will understand the commercial general insurance products offered in the United States.
The candidate will understand the structure of insurance regulation and its development in the United States.
The candidate will understand the different financial reporting standards for U.S. general insurance companies and be able to use the statutory financial statement to measure the financial health of an insurer (e.g., NAIC RBC and IRIS ratios).
The candidate will understand the requirements for signing the U.S. P&C Statement of Actuarial Opinion (SAO).
The candidate will be able to describe and apply the concept of materiality with respect to the U.S. P&C SAO.
The candidate will be able to apply the standards of practice regarding the responsibilities of the signing actuary as defined by regulators and the American Academy of Actuaries.