北美精算師SOA歷年真題:November2004Course5
發布時間：2014-02-26 共8頁
15. For an insured with group long-term disability (LTD) benefits, you are given the
following:
Pre-disability monthly earnings 5,000
Formula LTD benefit 60% of pre-disability earnings
Work earnings during disability 1,500 per month
Other income None
A = Reduced LTD monthly benefit based on the proportionate loss formula
B = Reduced LTD monthly benefit based on the 50% offset benefit
Calculate A – B.
(A) –2,150
(B) –150
(C) –120
(D) 350
(E) 1,850
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Morning Session
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Morning Session
16. Company XYZ is re-pricing a universal life insurance product. You are given the
following:
Year 2003:
Profit margin: 3.5%
Premium margin: 75%
Annual sales: 20,000,000
Year 2004:
Price decrease: 20%
Projected annual sales: 22,500,000
Calculate the 2004 profit margin.
(A) –16.50%
(B) –14.65%
(C) –14.38%
(D) 2.80%
(E) 15.42%
COURSE 5: Fall 2004 - 23 - GO ON TO NEXT PAGE
Morning Session
USE THIS PAGE FOR YOUR SCRATCH WORK
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Morning Session
17. Each of questions 17 through 20 consist of two lists. In the list at the left are two items,
lettered X and Y. In the list at the right are three items, numbered I, II, and III. ONE of
the lettered items is related in some way to EXACTLY TWO of the numbered items.
Indicate the related items using the following answer code:
Lettered Item
Is Related to Numbered Items
(A)
X
I and II only
(B)
X
II and III only
(C)
Y
I and II only
(D)
Y
I and III only
(E)
The correct answer is not given by (A), (B), (C) or (D).
17. X. Generally accepted accounting
principles (GAAP)
I. Use of Interest Maintenance Reserve
Y. Statutory accounting II. Allows for capitalization of deferred
acquisition costs
III. Considers agent balances as
nonadmitted assets
18. X. Reinsurance reserves held by
ceding company
I. Coinsurance
Y. Reinsurance reserves held by
reinsurer
II. Modified coinsurance
III. Coinsurance with funds withheld
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Morning Session
19. X. Defined contribution plan I. The benefit level is directly affected
by investment performance
Y. Defined benefit plan II. The benefits for employees who
change jobs frequently will likely be
inadequate
III. There is an opportunity for postretirement
benefit increases
20. X. Policy year data I. Most common method for compiling
actuarial data
Y. Accident year data II. Allows the pricing actuary to match
premiums and losses from one
accounting basis
III. Claims data almost always available
in this format
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Morning Session
