下面的真题精选November2003Course8M（二）：SOA精算师2014年考试，请北美精算师考试的相关人士赶快消化掉，为下一章节做好准备。
　　Questions 2 – 8 pertain to the Case Study
　　4. (5 points)You are the chief actuary for Wonderful Life. You must determine whether
　　Wonderful Life needs to hold any premium deficiency reserves (PDR).
　　(a) (1 point) Outline assumptions to be considered when calculating a PDR.
　　(b) (1 point) Recommend the groupings Wonderful Life should use to assess the need
　　for a PDR. Support your recommendation.
　　(c) (3 points) In addition to Tables MM-1, MM-7, and MM-2a you are given the
　　following information:
　　?  The overall 2003 rate increase is limited to 12% due to small employer rating
　　requirements.
　　?  This rate increase limit only applies to 2003.
　　?  Member termination from 2002 to 2003 will be at the same rate as has been
　　experienced in the past.
　　?  Expenses are calculated assuming an average of 1.75 members per
　　employee.
　　?  Ignore interest and income taxes.
　　Determine if a PDR should be held as of 12/31/2002 for the closed block of
　　business in Wonderful Life’s Small Group Department.
　　COURSE 8: Fall 2003 -4- GO TO NEXT PAGE
　　Health, Group Life & Managed Care
　　Morning Session
　　Questions 2 – 8 pertain to the Case Study
 
　　5. (7 points) Your manager at Wonderful Life Insurance Company has asked you to
　　calculate renewal rates for Group 6 for a March 1, 2003, renewal date using a
　　combination of multi- year loss ratio and catastrophic pooling methods.
　　In addition to information from Tables MM-2a and MM-2b:
　　?  Assume case characteristics for Option 1 and Option 2 are the same for both years as
　　shown in Table MM-3b.
　　?  The gross premium for Group 6 for July 1, 2000 to June 30, 2001 was $5,800,000.
　　?  Weights for averaging are 75% for current rating period and 25% for prior rating
　　period.
　　Calculate the annual gross premium for an employee with dependents selecting Option 1.
　　Show your work.
 
　　6. (3 points) You have been asked to develop materials for a meeting to discuss Wonderful
　　Life’s 5- year plan.
　　(a) Describe possible strategies a group insurance company could use to gain a
　　competitive advantage.
　　(b) Describe how Wonderful Life Insurance Company has demonstrated these
　　strategies in their four primary business divisions. Give an example of such a
　　strategy for each division.
　　COURSE 8: Fall 2003 -5- GO TO NEXT PAGE
　　Health, Group Life & Managed Care
　　Morning Session
　　高顿网校之金玉良言：拥有梦想的人是值得尊敬的，也让人羡慕。当大多数人碌碌而为为现实奔忙的时候，坚持下去，不用害怕与众不同，你该有怎么样的人生，是该你亲自去撰写的。加油！让我们一起捍卫最初的梦想。——柳岩