Can any one else not be bothered in learning them? maybe if we all agree not to then no1 can have the marks seriously, does anyone think they will ask a detailed question about these again? personally id be suprised... although they might mix things up by springing a gn20/33 question within an SAO setting? Thoughts?
Guidance Notes I agree that they are very difficult to learn in the form in which they are supplied. I've had to make my own flashcards summarising what is in them. If I had to guess, I would say that GN12 and GN50 were the most important ones to learn, with a decent working knowledge of the most important points in the others (whatever you think that the "most important" points might be). There were a fair few marks on GN12 and GN50 in the last two papers - I reckon there will be something again (although as we know, past performance is not necessarily a good guide to the future).
Well I think I wouldn't bother with GN18, 20 and 33. In past papers GN12 was asked alongside a bigger reserving question, so they were absolutely relevant to the question. If GN18, 20 or 33 were asked it would accompany a larger Lloyds or US reserving question on Surplus Lines etc., which I'd have no hope of attempting anyway.
