高顿网校赶赴各地的精算师们，大家请再拼搏最后这段时间了，拿下北美的精算师资格证哦！
　　11.
　　ASSERTION
　　In the U.S., small group carriers
　　can no longer require workers
　　compensation for all eligible
　　employers as a condition for
　　offering non-workers
　　compensation health benefits.
　　BECAUSE
　　REASON
　　In the U.S., the Health Insurance
　　Portability and Accountability Act
　　(HIPAA) requires small group
　　health carriers to offer all major
　　medical products on a guaranteed
　　acceptance and renewal basis.
 
　　12.
　　ASSERTION
　　In the U.S., underwriting a small
　　group has become less important
　　with the passage of the Health
　　Insurance Portability and
　　Accountability Act (HIPAA).
　　BECAUSE
　　REASON
　　In the U.S., HIPAA limits a
　　carrier’s ability to reject or rate-up
　　specific individuals within a small
　　group.
 
　　13.
　　ASSERTION
　　Under the individual level
　　premium cost method, the
　　actuarial liability cannot be less
　　than the plan termination
　　liability.
　　BECAUSE
　　REASON
　　Under the individual level
　　premium cost method, the implicit
　　supplemental liability for past
　　service benefits is not fully
　　amortized until the participant
　　reaches normal retirement age.
 
　　14.
　　ASSERTION
　　Under the entry age normal cost
　　method using assumed entry
　　ages, the actuarial liability for
　　each individual will be positive.
　　BECAUSE
　　REASON
　　Under the entry age normal cost
　　method using assumed entry ages,
　　the assumed entry age cannot
　　exceed the earliest plan eligibility
　　age.
　　COURSE 5: Fall 2003 - 11 - GO ON TO NEXT PAGE
　　Morning Session
　　8-20. Each of questions 8 through 20 consists 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.
 
　　15.
　　ASSERTION
　　For dynamic life insurance
　　products, the calculation of
　　policy values is independent of
　　the partial withdrawal
　　assumptions.
　　BECAUSE
　　REASON
　　For dynamic life insurance
　　products, partial withdrawals of
　　the account values are often
　　allowed.
 
　　16.
　　ASSERTION
　　The U.S. DAC Tax results in a
　　company losing investment
　　income.
　　BECAUSE
　　REASON
　　The U.S. DAC Tax accelerates
　　taxes.
　　COURSE 5: Fall 2003 - 12 - GO ON TO NEXT PAGE
　　Morning Session
　　高顿网校之名人思想开放：每一个人都拥有生命，但并非每个人都懂得生命，乃至于珍惜生命。不了解生命的人，生命对他来说，是一种惩罚。