北美精算师历年考试SOA——November2004Course5第三，来高顿网校好好学习精算师哦。我们这里题库很海量的。
　　11.
　　ASSERTION
　　Under the individual aggregate
　　actuarial cost method, there is
　　never an unfunded actuarial
　　liability.
　　BECAUSE
　　REASON
　　Under the individual aggregate
　　actuarial cost method, at inception
　　of the plan, there is no actuarial
　　liability for past service.
　　COURSE 5: Fall 2004 - 14 - GO ON TO NEXT PAGE
　　Morning Session
 
　　12. Rank the following pricing strategies in ascending order (lowest to highest) of price:
　　I. Predatory pricing
　　II. Skim pricing
　　III. Neutral pricing
　　IV. Penetration pricing
　　(A)
　　I
　　<
　　IV
　　<
　　III
　　<
　　II
　　(B)
　　II
　　<
　　I
　　<
　　III
　　<
　　IV
　　(C)
　　II
　　<
　　III
　　<
　　IV
　　<
　　I
　　(D)
　　IV
　　<
　　I
　　<
　　II
　　<
　　III
　　(E)
　　IV
　　<
　　II
　　<
　　I
　　<
　　III
　　COURSE 5: Fall 2004 - 15 - GO ON TO NEXT PAGE
　　Morning Session
　　USE THIS PAGE FOR YOUR SCRATCH WORK
　　COURSE 5: Fall 2004 - 16 - GO ON TO NEXT PAGE
　　Morning Session
 
　　13. For a block of one-year term policies you are given:
　　Earned premium for 2004 3,401
　　Rate increase November 1, 2003 7%
　　Rate increase September 1, 2004 5%
　　Policies Uniformly distributed
　　Calculate the earned premium at current rates for 2004 using the parallelogram method.
　　(A) 3,458
　　(B) 3,561
　　(C) 3,564
　　(D) 3,644
　　(E) None of the above.
　　COURSE 5: Fall 2004 - 17 - GO ON TO NEXT PAGE
　　Morning Session
　　USE THIS PAGE FOR YOUR SCRATCH WORK
　　COURSE 5: Fall 2004 - 18 - GO ON TO NEXT PAGE
　　Morning Session
 
　　14. For a pension plan you are given the following:
　　Actuarial cost method: Traditional unit credit
　　Normal retirement benefit: $30 per month per year of service
　　Early retirement benefit:
　　Accrued benefit reduced by 5% for each year before
　　age 65
　　Actuarial assumptions:
　　Interest rate 7%
　　Pre-retirement decrement other than early retirement None
　　(12)
　　a????64 9.25
　　(12)
　　a????65 8.75
　　Retirement age assumption
　　Age x Retiring rate at age x
　　64 0.4
　　65 1.0
　　Data for the sole participant
　　Age at hire 40
　　Age at January 1, 2004 62
　　Calculate the actuarial liability as of January 1, 2004.
　　(A) 58,257
　　(B) 59,537
　　(C) 60,633
　　(D) 65,095
　　(E) 80,885
　　COURSE 5: Fall 2004 - 19 - GO ON TO NEXT PAGE
　　Morning Session
　　USE THIS PAGE FOR YOUR SCRATCH WORK
　　COURSE 5: Fall 2004 - 20 - GO ON TO NEXT PAGE
　　Morning Session
　　高顿网校之名人话语：如果一个人有了责任心，那么他会努力把每一件事做得完美。——周姿延