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精算师北美考场历年SOA真题珍藏：November2001Course5（第七课）

来源：高顿网校 2014-08-25

　　无论你来自何方，考试请尽全力去考，如下是精算师北美考场历年SOA真题珍藏：November2001Course5（第七课）。
　　39. X. Aggregate method of estimating

　　medical claim costs

　　I. Most useful where there are co-pays

　　and limits which apply to a specific

　　service

　　Y. Benefit cost method of estimating

　　medical claim costs

　　II. Typically used for traditional

　　indemnity type plans

　　III. Estimated medical claim costs are

　　determined from a claim probability

　　distribution using an established

　　database

　　40. X. Variable accumulation annuities I. Generally backed by an insurance

　　company’s general portfolio

　　Y. Fixed accumulation annuities II. Equity-indexed annuity

　　III. Spread for pricing purposes is fixed

　　**END OF COURSE 5 EXAMINATION**

　　MORNING SESSION

　　COURSE 5: November 2001 - 28 - GO TO NEXT PAGE

　　Afternoon Session

　　COURSE 5

　　AFTERNOON SESSION

　　APPLICATION OF BASIC ACTUARIAL PRINCIPLES

　　SECTION C-WRITTEN ANSWER

　　COURSE 5: November 2001 - 29 - GO TO NEXT PAGE

　　Afternoon Session

　　**BEGINNING OF EXAMINATION 5**

　　AFTERNOON SESSION

　　8. (5 points) Your company, Delta Life, is entering into a treaty with two reinsurers, Alpha

　　Life and Beta Life. The treaty will cover a Term to Attained Age 95 product with level

　　premiums for the first 20 years and annually increasing premiums thereafter.

　　You are given the following information:

　　Reinsurance Type Automatic First Dollar Quota Share

　　Policy Face Amount $1,200,000

　　Current Year Reserve for Policy $ 100,000

　　Delta Life Retention Limit $ 500,000

　　Quota Share for Alpha Life 24%

　　Quota Share for Beta Life 36%

　　(a) Describe the reasons a company may wish to reinsure its business.

　　(b) Calculate the following:

　　(i) the amount retained by Delta Life;

　　(ii) the amount ceded to Alpha Life; and

　　(iii) the amount ceded to Beta Life.

　　COURSE 5: November 2001 - 30 - GO TO NEXT PAGE

　　Afternoon Session

　　9. (6 points)

　　(a) Describe the major considerations involved in underwriting large group life

　　insurance plans.

　　(b) Describe the major considerations involved in underwriting large group disability

　　income plans.

　　(c) Describe how past experience data is evaluated for group life insurance and group

　　disability income plans.

　　10. (5 points) Describe how employee benefit plans are taxed in Canada and the U.S. for the

　　following:

　　(i) Medical expense insurance;

　　(ii) Group term life insurance; and

　　(iii) Disability income payments.

　　COURSE 5: November 2001 - 31 - GO TO NEXT PAGE

　　Afternoon Session

　　11. (7 points) Describe considerations in the determination of the pricing assumptions for:

　　(a) Income annuities; and

　　(b) Accumulation annuities.

　　12. (3 points) Explain the calculations for the normal cost and actuarial liability for the

　　following cost methods:

　　(i) Traditional accrued benefit; and

　　(ii) Projected accrued benefit.

　　Define all terms.

　　COURSE 5: November 2001 - 32 - STOP

　　Afternoon Session

　　13. (9 points) You are given the following information for a Property and Casualty insurance

　　company:

　　TERRITORY 1

　　Risk class for

　　Territory 1

　　Number of earned Exposure Units

　　(number of lives)

　　Existing

　　Rate

　　Expected

　　losses

　　A (Base class) 50,000 $40.00 $1,100,000

　　B 30,000 50.00 1,200,000

　　C 20,000 75.00 400,000

　　TERRITORY 2

　　Risk class for

　　Territory 2

　　Number of earned Exposure Units

　　(number of lives)

　　Existing

　　Rate

　　Expected

　　losses

　　A (Base class) 60,000 $ 80.00 $2,640,000

　　B 40,000 100.00 2,600,000

　　C 20,000 150.00 2,400,000

　　A rate change is proposed that will result in a permissible loss ratio of 60%.

　　(a) Calculate the new rates for each class in Territory 1 using the loss cost method,

　　assuming the company operates in Territory 1 only.

　　(b) Calculate new rates using the loss ratio method for each class in Territory 1 and

　　Territory 2 if Territory 2 is added and class differentials do not change. Assume

　　the company operates in Territories 1 and 2. Use existing rates for Territory 1.

　　Show all work.

　　14. (5 points) Describe required capital and the risks covered in the required capital

　　calculation for a life insurance company.

　　**END OF COURSE 5 EXAMINATION**

　　AFTERNOON SESSION

　　COURSE 5: November 2001 - 33 - STOP

　　Afternoon Session

　　Course 5

　　Nov. 2001

　　Final Multiple Choice Key

　　Question # Answer
　　如果你相信自己做的还不错，不在乎别人怎么看你的时候，你真的可以很自在。——高顿网校经典总结

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