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2017-10-13T08:30:26-07:00
RICOH Pro C5110S
2017-10-13T18:54:42-04:00
2017-10-13T18:54:42-04:00
RICOH Pro C5110S
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91 Tz 1 0 0 1 518 743.5 Tm (24) Tj
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143 Tz 6.8 -20 Td (2.) Tj
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100 Tz -441 -51 Td (infected claimant\), the normal life expectancy of the parent at their date of death and the age of the) Tj
/F10 8 Tf
115 Tz -0.4 -16.5 Td (dependent when the payment commences so that we can calculate the additional payments expected to) Tj
113 Tz 0 -16.2 Td (be made from the primarily infected claimant's normal life expectancy until the dependent's death. Based) Tj
112 Tz 0 -16.8 Td (on the data available to us at this time this is not possible.) Tj
113 Tz -0.6 -28.2 Td (As a start, estimating the disability rate for children is problematic. We surveyed our colleagues who work) Tj
110 Tz 0.6 -16.4 Td (En the group benefits arena, who are familiar with insurance company heaith benefits underwriting) Tj
113 Tz -0.4 -16.6 Td (practices where similar contingent benefits could arise, and they were not aware of any useful standard) Tj
112 Tz -0.2 -16.6 Td (tables or actuarial studies addressing this issue, Statistic Canada published a Participation and Activity) Tj
113 Tz 0.6 -16.6 Td (Limitation study in 2006 that estimated that 1.5% of Canadian children have a severe or very severe) Tj
/F10 9 Tf
98 Tz -0.4 -16.7 Td (disability, but it is not clear how to translate this data to an estimate of how many children will be) Tj
/F10 8 Tf
113 Tz 0 -16.7 Td (permanent dependents in adulthood.) Tj
116 Tz -0.6 -28 Td (The trust's experience shows a relatively low rate of such claimants - four in seventeen years - and so a) Tj
112 Tz 0.4 -16.6 Td (detailed calculation of the future liability is likely subject to spurious accuracy. Clearly, however, the) Tj
112 Tz 0 -16.6 Td (proposed change in practice will increase the liabilities. In our opinion, holding an additional liability about) Tj
112 Tz 0 -16.6 Td (equal to two times the liability for the currently known claimants should provide a reasonable allowance) Tj
112 Tz -0.4 -16.6 Td (for this increase. Thus, we recommend an additional liability of $2.5 million in this regard.) Tj
122 Tz 0.4 -28 Td (Liability for future disabled dependent spouses) Tj
115 Tz -0.4 -28.4 Td (Clearly, as illustrated by the one case to date, it is possible for a disabled dependent spouse to outlive a) Tj
111 Tz 0 -16.6 Td (primarily infected person's normal life expectancy. However, in our opinion the additional liability arising) Tj
112 Tz -0.4 -16.6 Td (from changing the practice is likely to be extremely small for the folEowing reasons. Firstly, the rate of) Tj
114 Tz 0 -16.6 Td (disability spouses is likely to be reSatively low, and secondly, in most such cases we would expect a) Tj
113 Tz 0 -16.6 Td (disabled person to have impaired mortality relative to a normal healthy person. So, in general, we would) Tj
114 Tz 0 -16.4 Td (expect the disabled spouse not to outlive the primarily infected member's normal life expectancy. The net) Tj
113 Tz 0 -16.6 Td (effect of these two iow likelihoods means that we would not change our liability calculation for ioss of) Tj
115 Tz -0.4 -17 Td (services on a primarily infected member's death as a result of the proposed change.) Tj
118 Tz 0 -28 Td (Summary) Tj
114 Tz -0.4 -28.2 Td (The total liability with respect to the proposed change is $3,9 million as at December 31, 2013. This) Tj
112 Tz 0.4 -16.4 Td (amount will also result in an increase in the required capital of $0,4 million. The calculation of this latter) Tj
114 Tz 0 -16.6 Td (amount is discussed in our report on required capital dated October 12, 2017.) Tj
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