以下则是真题珍藏November2004Course5（1）——SOA精算师考试，内容有些多，可分批消化。
　　COURSE5
　　MORNINGSESSION
　　APPLICATIONOFBASICACTUARIALPRINCIPLES
　　SECTIONA-WRITTENANSWER
　　COURSE5:Fall2004-2-GOONTONEXTPAGE
　　MorningSession
　　**BEGINNINGOFEXAMINATION**
　　COURSE5
　　MORNINGSESSION
 
　　1.(4points)
　　(a)Describethecoverageinabusinessoverheadexpensedisabilityincomepolicy.
　　(b)Youaregiventhefollowinginformation:
　　Maximummonthlybenefit30,000
　　Maximummultipleofmonthlybenefit15
　　Maximumbenefitperiod24months
　　InsuredstartofdisabilityJanuary1,2003
　　InsuredendofdisabilityMarch1,2005
　　Eliminationperiod90days
　　Calculatethepayouttotheinsuredforeachofthescenarios:
　　ScenarioMonthlyOverheadExpense
　　I36,000
　　II18,000
　　III22,500
　　Showallwork.
 
　　2.(6points)Withrespecttogrouphealthcarebenefits:
　　(a)Describethevariousproviders.
　　(b)Describethevariousbuyers.
　　COURSE5:Fall2004-3-GOONTONEXTPAGE
　　MorningSession
 
　　3.(4points)
　　(a)Describetheactionsalifeinsurancecompanycantaketolimittheeffectof
　　policyholdermisrepresentation.
　　(b)Giventhefollowinginformationforacompanythatofferslifeinsurancewith
　　smokerandnonsmokerrates:
　　Actualsmokers30%ofinsured
　　Smokerspremiumrate5per1,000
　　Non-smokerpremiumrate3per1,000
　　ExpensesNone
　　Calculatetheamountofprofitlostper1,000if10%ofsmokersliedabout
　　smokingandwereissuedasnon-smokers.
　　Showallwork.
　　COURSE5:Fall2004-4-GOONTONEXTPAGE
　　MorningSession
 
　　4.(6points)Foradefinedbenefitpensionplan,youaregiventhefollowinginformation:
　　Planformula:1%×3-yearFinalAverageEarnings×yearsofservicefromhire
　　PlanparticipantsasofJanuary1,2005:
　　Participant
　　Attained
　　Age
　　Prior
　　Year
　　Earnings
　　Service
　　toDate
　　Probabilityof
　　survivingin
　　servicetoage65
　　Temporary
　　employment-basedlife
　　annuityof1peryear
　　X4035,00000.504011.8338
　　Y5050,000100.65479.1844
　　Actuarialassumptions:
　　(12)
　　a????659.4131
　　Interestrate7%
　　Assumedfutureannualsalaryincreases5%
　　PayincreasesBeginningoftheyear
　　ActuarialcostmethodEntryagenormal
　　Normalretirementage65
　　Benefitspayableforterminationpriorto
　　normalretirementage
　　None
　　Calculatetheplan’snormalcostandaccruedliabilityasofJanuary1,2005.
　　Showallwork.
 
　　5.(3points)Forvariableannuities:
　　(a)Describecommondeathbenefitoptions.
　　(b)Describetheeffectofadeclineinaccountvalueduetoinvestmentperformance
　　foreachdeathbenefitoption.
　　COURSE5:Fall2004-5-GOONTONEXTPAGE
　　MorningSession
 
　　6.(7points)Describethestepsaninsurancecompanytakestodevelopanindividuallife
　　insuranceproduct.
 
　　7.(5points)Foracurrentmedicalplanandaproposedchangetothatplan,youaregiven
　　thefollowing:
　　DeductibleCoinsuranceOut-of-pocketmaximum
　　(excludingdeductible)
　　Lifetime
　　maximum
　　CurrentPlan10080%1,000None
　　ProposedPlan20075%1,400None
　　Manualcumulativeprobabilitydistribution
　　RangeofClaimsFrequency
　　Average
　　Annual
　　Claims
　　Annual
　　cost
　　Accumulated
　　Frequency
　　Accumulated
　　AnnualCost
　　00.2500.001.003,500
　　0.01–50.000.05402.000.753,500
　　50.01-150.000.1010010.000.703,498
　　150.01-250.000.2021042.000.603,488
　　………………………………
　　4,000.01-5,000.000.034,500135.000.122,500
　　5,000.01-6,000.000.025,400108.000.092,387
　　Assumingnochangeinutilization,calculatethepercentagechangeonnetmedicalclaims
　　fortheproposedplanchange.
　　Showallwork.
　　高顿网校之金玉良言：个人之于社会等于身体的细胞，要一个人身体健全，不用说必须每个细胞都健全。 —— 闻一多