SOA真题Course5北美精算师的课堂（Part3），全理解透彻可信心百倍的参加考试了。
　　9-13. Each of questions 9 through 13 consist of an assertion in the left-hand column and a
　　reason in the right-hand column. Code your answer to each question by blackening
　　space:
　　(A) If both the assertion and the reason are true statements, and the reason is a correct
　　explanation of the assertion.
　　(B) If both the assertion and the reason are true statements, but the reason is NOT a
　　correct explanation of the assertion.
　　(C) If the assertion is a true statement, but the reason is a false statement.
　　(D) If the assertion is a false statement, but the reason is a true statement.
　　(E) If both the assertion and the reason are false statements.
　　9.
　　ASSERTION
　　The Canadian federal
　　government cannot deter a
　　province from allowing user fees
　　and extra billing in its provincial
　　health care plan.
　　BECAUSE
　　REASON
　　Under the Canadian Constitution,
　　matters relating to health fall
　　under provincial jurisdiction.
　　10.
　　ASSERTION
　　Personal-producing general
　　agents receive higher
　　commissions than other agents.
　　BECAUSE
　　REASON
　　Unlike other general agents,
　　personal-producing general agents
　　have no agents reporting to them.
　　COURSE 5: Fall 2005 - 12 - GO ON TO NEXT PAGE
　　Morning Session
　　11.
　　ASSERTION
　　In the U.S., the usual procedure is
　　to file policy forms in the state of
　　domicile first.
　　BECAUSE
　　REASON
　　Many states require prior approval
　　of policy forms from the state of
　　domicile.
　　12.
　　ASSERTION
　　For individual disability benefits,
　　under the rehabilitation clause, an
　　insured may not have to continue
　　under the care of a physician to
　　qualify for benefits.
　　BECAUSE
　　REASON
　　For individual disability benefits,
　　the rehabilitation clause provides
　　that insureds who join an
　　approved program will be
　　considered totally disabled.
　　13.
　　ASSERTION
　　For a guaranteed insurability
　　option on an individual disability
　　policy, an option passed on one
　　option date may be picked up at
　　the next option date.
　　BECAUSE
　　REASON
　　The guaranteed insurability option
　　on an individual disability policy
　　does not require completion of
　　medical underwriting at a given
　　option date in order for the insured
　　to purchase the increased coverage
　　amount.
　　COURSE 5: Fall 2005 - 13 - GO ON TO NEXT PAGE
　　Morning Session
　　14. You are given the following information on an accumulation annuity:
　　Issue date: January 1, 1996
　　End of current interest guarantee period: December 31, 2010
　　Current guaranteed interest rate: 7%
　　Additional margin: 0.25%
　　Interest rates available for new deposits:
　　Number of years Interest rate guarantee
　　5 4.5%
　　10 5.0%
　　15 5.5%
　　Calculate the market value adjustment on December 31, 2005.
　　(A) 88%
　　(B) 99%
　　(C) 108%
　　(D) 111%
　　(E) None of the above
　　COURSE 5: Fall 2005 - 14 - GO ON TO NEXT PAGE
　　Morning Session
　　USE THIS PAGE FOR YOUR SCRATCH WORK
　　COURSE 5: Fall 2005 - 15 - GO ON TO NEXT PAGE
　　Morning Session
　　高顿网校之名人思想：危险、怀疑和否定之海，围绕着人们小小的岛屿，而信念则鞭策人，使人勇敢面对未知的前途。