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北美精算师November2004Course5（第2部分）——历年SOA真题

来源：高顿网校 2014-08-04

　　北美精算师November2004Course5（第2部分）——历年SOA真题，相关的北美精算师亲赶紧鼠标点击进来学习。
　　8. (5 points) Describe the types of insurance company risk that are typically addressed by

　　required capital formulas.

　　COURSE 5: Fall 2004 - 6 - GO ON TO NEXT PAGE

　　Morning Session

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　　COURSE 5: Fall 2004 - 7 - GO ON TO NEXT PAGE

　　Morning Session

　　COURSE 5

　　MORNING SESSION

　　APPLICATION OF BASIC ACTUARIAL PRINCIPLES

　　SECTION B-MULTIPLE CHOICE

　　COURSE 5: Fall 2004 - 8 - GO ON TO NEXT PAGE

　　Morning Session

　　1. Under Medicaid, all of the following services are mandatory EXCEPT:

　　(A) Prosthetic devices

　　(B) Lab and x-ray

　　(C) Vaccines for children

　　(D) Home health care

　　(E) Family planning

　　2. In the U.S., all of the following entities pay income taxes EXCEPT:

　　(A) Mutual funds

　　(B) Non-qualified trusts

　　(C) Common-law partnerships

　　(D) Legal partnerships

　　(E) Large corporations

　　COURSE 5: Fall 2004 - 9 - GO ON TO NEXT PAGE

　　Morning Session

　　3. With respect to market value adjustments, all of the following are true EXCEPT:

　　(A) Allows the company to reflect the market value of the liabilities when the policy

　　is surrendered

　　(B) Works in the policyowner’s favor when interest rates decline

　　(C) Adds equity and stability for the company

　　(D) Adds equity and stability for the policyholder

　　(E) Offsets the effect of adverse cash flows

　　4. For the traditional unit credit cost method, all of the following statements are true

　　EXCEPT:

　　(A) Would be used to determine plan termination liability

　　(B) Is a benefit allocation cost method

　　(C) Increase in accumulated plan benefit due to plan amendment increases normal

　　cost

　　(D) For a participant, the normal cost for a level benefit is likely to rise from year to

　　year

　　(E) Actuarial liability is equal to the actuarial value of the participant’s cumulative

　　benefit on the valuation date

　　COURSE 5: Fall 2004 - 10 - GO ON TO NEXT PAGE

　　Morning Session

　　5. All of the following are bases for insurance company taxes EXCEPT:

　　(A) Earnings

　　(B) Capital

　　(C) Premiums

　　(D) Reserves

　　(E) Investment income less expenses

　　COURSE 5: Fall 2004 - 11 - GO ON TO NEXT PAGE

　　Morning Session

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　　COURSE 5: Fall 2004 - 12 - GO ON TO NEXT PAGE

　　Morning Session

　　6. Each of questions 6 through 11 consist of an assertion in the left-hand column and a

　　reason in the right-hand column. Code your answer to each question by blackening

　　space:

　　(A) If both the assertion and the reason are true statements, and the reason is a correct

　　explanation of the assertion.

　　(B) If both the assertion and the reason are true statements, but the reason is NOT a

　　correct explanation of the assertion.

　　(C) If the assertion is a true statement, but the reason is a false statement.

　　(D) If the assertion is a false statement, but the reason is a true statement.

　　(E) If both the assertion and the reason are false statements.

　　6.

　　ASSERTION

　　Term to 100 is permanent

　　insurance.

　　BECAUSE

　　REASON

　　Term to 100 cash values are

　　similar to those of whole life

　　insurance.

　　7.

　　ASSERTION

　　The cost of a 31-day grace period

　　provision in an individual health

　　insurance policy is relatively

　　more than the cost of a similar

　　provision in an individual life

　　insurance policy.

　　BECAUSE

　　REASON

　　Modal premium loadings for

　　individual health insurance are

　　higher than those for individual

　　life insurance.

　　COURSE 5: Fall 2004 - 13 - GO ON TO NEXT PAGE

　　Morning Session

　　8.

　　ASSERTION

　　During the lifetime of the debtor,

　　group credit life insurance can be

　　very profitable to the debtor.

　　BECAUSE

　　REASON

　　Dividends payable under a group

　　credit life insurance policy are

　　paid to the debtor.

　　9.

　　ASSERTION

　　For small group health business,

　　many states have risk pooling

　　programs.

　　BECAUSE

　　REASON

　　For small group health business, it

　　is necessary to distribute

　　additional risks associated with the

　　guaranteed issue requirement.

　　10.

　　ASSERTION

　　In a life insurance company, there

　　is a strong tendency to favor

　　solvency earnings as the primary

　　driver of pricing.

　　BECAUSE

　　REASON

　　In a life insurance company,

　　solvency earnings drive

　　stockholder investments in the

　　business.
　　高顿网校之名人语录：我们不是为自己而生，我们的国家赋予我们应尽的责任。——西塞罗

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