战斗在最前线的北美精算师的小盆友们，请时刻监督我们每日更新相关考试的资料——北美精算师考试SOA：真题系列November2004Course5（二）。
　　8.(5points)Describethetypesofinsurancecompanyriskthataretypicallyaddressedby
　　requiredcapitalformulas.
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　　COURSE5
　　MORNINGSESSION
　　APPLICATIONOFBASICACTUARIALPRINCIPLES
　　SECTIONB-MULTIPLECHOICE
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　　1.UnderMedicaid,allofthefollowingservicesaremandatoryEXCEPT:
　　(A)Prostheticdevices
　　(B)Labandx-ray
　　(C)Vaccinesforchildren
　　(D)Homehealthcare
　　(E)Familyplanning
　　2.IntheU.S.,allofthefollowingentitiespayincometaxesEXCEPT:
　　(A)Mutualfunds
　　(B)Non-qualifiedtrusts
　　(C)Common-lawpartnerships
　　(D)Legalpartnerships
　　(E)Largecorporations
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　　3.Withrespecttomarketvalueadjustments,allofthefollowingaretrueEXCEPT:
　　(A)Allowsthecompanytoreflectthemarketvalueoftheliabilitieswhenthepolicy
　　issurrendered
　　(B)Worksinthepolicyowner’sfavorwheninterestratesdecline
　　(C)Addsequityandstabilityforthecompany
　　(D)Addsequityandstabilityforthepolicyholder
　　(E)Offsetstheeffectofadversecashflows
　　4.Forthetraditionalunitcreditcostmethod,allofthefollowingstatementsaretrue
　　EXCEPT:
　　(A)Wouldbeusedtodetermineplanterminationliability
　　(B)Isabenefitallocationcostmethod
　　(C)Increaseinaccumulatedplanbenefitduetoplanamendmentincreasesnormal
　　cost
　　(D)Foraparticipant,thenormalcostforalevelbenefitislikelytorisefromyearto
　　year
　　(E)Actuarialliabilityisequaltotheactuarialvalueoftheparticipant’scumulative
　　benefitonth*uationdate
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　　5.AllofthefollowingarebasesforinsurancecompanytaxesEXCEPT:
　　(A)Earnings
　　(B)Capital
　　(C)Premiums
　　(D)Reserves
　　(E)Investmentincomelessexpenses
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　　6.Eachofquestions6through11consistofanassertionintheleft-handcolumnanda
　　reasonintheright-handcolumn.Codeyouranswertoeachquestionbyblackening
　　space:
　　(A)Ifboththeassertionandthereasonaretruestatements,andthereasonisacorrect
　　explanationoftheassertion.
　　(B)Ifboththeassertionandthereasonaretruestatements,butthereasonisNOTa
　　correctexplanationoftheassertion.
　　(C)Iftheassertionisatruestatement,butthereasonisafalsestatement.
　　(D)Iftheassertionisafalsestatement,butthereasonisatruestatement.
　　(E)Ifboththeassertionandthereasonarefalsestatements.
　　6.
　　ASSERTION
　　Termto100ispermanent
　　insurance.
　　BECAUSE
　　REASON
　　Termto100cashvaluesare
　　similartothoseofwholelife
　　insurance.
 
　　7.
　　ASSERTION
　　Thecostofa31-daygraceperiod
　　provisioninanindividualhealth
　　insurancepolicyisrelatively
　　morethanthecostofasimilar
　　provisioninanindividuallife
　　insurancepolicy.
　　BECAUSE
　　REASON
　　Modalpremiumloadingsfor
　　individualhealthinsuranceare
　　higherthanthoseforindividual
　　lifeinsurance.
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　　8.
　　ASSERTION
　　Duringthelifetimeofthedebtor,
　　groupcreditlifeinsurancecanbe
　　veryprofitabletothedebtor.
　　BECAUSE
　　REASON
　　Dividendspayableunderagroup
　　creditlifeinsurancepolicyare
　　paidtothedebtor.
　　9.
　　ASSERTION
　　Forsmallgrouphealthbusiness,
　　manystateshaveriskpooling
　　programs.
　　BECAUSE
　　REASON
　　Forsmallgrouphealthbusiness,it
　　isnecessarytodistribute
　　additionalrisksassociatedwiththe
　　guaranteedissuerequirement.
　　10.
　　ASSERTION
　　Inalifeinsurancecompany,there
　　isastrongtendencytofavor
　　solvencyearningsastheprimary
　　driverofpricing.
　　BECAUSE
　　REASON
　　Inalifeinsurancecompany,
　　solvencyearningsdrive
　　stockholderinvestmentsinthe
　　business.
　　高顿网校之名人感触：人生的本质在于运动，安谧宁静就是死亡。 —— 帕斯卡