Objective f) Understand and apply the techniques used in pricing health care insurance products in terms of: • data availability • assumptions used • equation of value • formula approach • cash flow techniques • group risk assessments • options • guarantees To me, although not explicity stated, implies that you may need to do calcs. I agree it could be clearer, but not sure whether it's so unclear as to fall down in court! Must admit I don't remember how it's dealt with in the Core Reading....