Differentiate between revenue tax receipts and non revenue tax receipts.

ABC before reorganization ABC after reorganization LEW Arichpenit g ABC Health has reorganized divisions, departments, and leadership. This organizational change was made to meet the Board's objective of aggressive membership and market share growth targets. The board has also approved the creation of an ERM program. The board stated they wanted both the insight and accountability that comes with an effective ERM program. (a) (2 points) (1) Describe the reporting structure, scope, and purpose of an ERM committee. (ii) Evaluate the new organizational chart in relationship to the reporting structure, scope, and purpose of an ERM committee. Justify your answer.ABC Health is now four years into their aggressive growth strategy and things are not going well. Some facts for ABC Health: The Chief Marketing Officer's compensation is tied solely to membership growth. The Chief Marketing Officer sets the incentive compensation goals for all departments that report to him. Actuarial has been tracking increasing loss ratios and a deterioration in the risk-based capital levels of ABC Health's book of business. You are the new Chief Actuary and your actuarial team has delivered the requested information to you on key experience which is shown below. ABC Health 200 450% 40-05% 190 180 350% 160 -160 350% 140 2909% # 120 125 300% 2259% 100 100 250% 200% 80 Membership in 1 60 150%% 40 100% 20 Year 1 Your 2 Your 3 Year 4 Risk Based Capital -Membership (b) (4 points) For each type of risk as defined in Financial Enterprise Risk Management; Sweeting Ch. 7: (i) Explain which types of risks ABC Health faces based on information presented. (ii) Recommend one change for each of the significant risks identified in (i) that will mitigate risk. Justify your answer. As Chief Actuary you have asked your team to conduct a stress and scenario test to evaluate varying business plans to mitigate further losses. (c) (2 points) Identify and describe the considerations related to stress and scenario tests noted in ASOP 46