北美精算師SOA歷年真題:November2004Course5
發布時間：2014-02-26 共8頁
32. For an automobile insurance policy, Other Than Collision (OTC) premiums usually vary
for all of the following EXCEPT:
(A) Age of policyholder
(B) Territory
(C) Expectation as to ease of damage to vehicle
(D) Vehicle value
(E) Cost to repair vehicle
33. Group supplemental life plans differ from basic group life coverage in all of the
following ways EXCEPT:
(A) Minimum participation limits are more liberal
(B) Evidence of insurability is more stringent
(C) Suicide exclusion is common
(D) If a disability provision is included, it is usually limited to waiver of premium
(E) Contributions are generally subsidized by the employer
COURSE 5: Fall 2004 - 39 - GO ON TO NEXT PAGE
Morning Session
34. In the US, a policyholder can, under certain conditions, perform all of the following
without incurring taxable income EXCEPT:
(A) Exchange a life insurance policy for a life insurance policy
(B) Exchange a life insurance policy for an annuity policy
(C) Exchange an annuity policy for an annuity policy
(D) Exchange an annuity policy for a life insurance policy
(E) Take a policy loan against a life insurance policy
35. Regarding the Health Insurance Portability and Accountability Act (HIPAA), all of the
following are true EXCEPT:
(A) Restricts post-issue underwriting during claims adjudication process
(B) Defines a small employer group
(C) Requires underwriters to offer insurance to all groups regardless of
industry/occupation
(D) Requires HMOs to offer all major medical and comprehensive health insurance
products on a guaranteed acceptance and renewal basis
(E) Restricts application of pre-existing condition limitation or exclusions for
individual employees who have had continuous coverage for more than 12
months
COURSE 5: Fall 2004 - 40 - GO ON TO NEXT PAGE
Morning Session
36. Under the traditional unit credit actuarial cost method, all of the following affect future
normal costs EXCEPT:
(A) aging of active employees
(B) actual withdrawal experience
(C) actual death experience
(D) actual number of new employees
(E) actual investment performance
37. In the Accumulation Reserve method used for universal life insurance, all of the
following can be used to amortize acquisition expenses EXCEPT:
(A) Income from surrender charges
(B) Premiums
(C) Interest margins
(D) Cost of insurance margins
(E) Expense margins
COURSE 5: Fall 2004 - 41 - GO ON TO NEXT PAGE
Morning Session
USE THIS PAGE FOR YOUR SCRATCH WORK
COURSE 5: Fall 2004 - 42 - GO ON TO NEXT PAGE
Morning Session
38. Each of questions 38 through 40 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).
38. X. Anti-selection I. Function of the inherent degree of
fluctuation in the benefit and in the
volume of business
Y. Claims volatility II. Addressed through the initial plan
design
III. Limited by provisions restricting
payment of claims
COURSE 5: Fall 2004 - 43 - STOP
Morning Session
