下面全英文的内容很多，小伙伴们可分批来记忆——2005年份北美精算师的SOA真题Course8IU（最后一节课）
　　16. (5 points) You are given:
　　Cash Claims Paid by Year of Incurral
　　Incurral Year
　　Calendar Year 2000 2001 2002 2003 2004
　　2000 5
　　2001 10 6
　　2002 4 12 7
　　2003 3 7 14 7
　　2004 1 2 2 13 6
　　End of Year Claim Reserve
　　Incurral Year
　　Calendar Year 2000 2001 2002 2003 2004
　　2000 15
　　2001 10 16
　　2002 8 5 17
　　2003 5 4 6 18
　　2004 4 3 5 6 17
　　(a) Describe the common tests of claim reserve adequacy.
　　(b) Evaluate the sufficiency of the claim reserves. Show all work.
　　Course 8I: Fall 2005 -8- STOP
　　Individual Insurance – U.S.
　　Afternoon Session
　　17. (4 points) A U.S. insurance company has historically sold only whole life insurance.
　　Sales have been declining steadily over the last few years. Senior management expects to
　　introduce a universal life product that provides the customer with more flexibility.
　　(a) Describe features of a universal life product that provide flexibility to the
　　customer.
　　(b) The following product design is proposed:
　　? The premium load is 15%.
　　? The guaranteed interest rate is 5.00%.
　　? A surrender charge applies for 5 years.
　　? The policy fee is $5 per month.
　　? Unscheduled premium payments are not permitted.
　　? There are no riders.
　　? The policy loan interest rate is equal to the current interest rate.
　　? The guaranteed interest bonus is 1% beginning in year 11.
　　Evaluate the proposed design and recommend any changes.
　　**END OF EXAMINATION**
　　AFTERNOON SESSION
　　高顿网校之名人哲学：不要因为众生的愚疑，而带来了自己的烦恼。不要因为众生的无知，而痛苦了你自己。