要踏入年底北美精算师考场朋友们，北美精算师真题考试回顾2005年Course5（第4部分），这份资料很重要吧。
　　15. You are given the following for the first policy year of a dynamic life insurance product:
　　Target Premium: 8
　　Premium Paid: 20
　　Commission Rate High: 70%
　　Low: 20%
　　% Account Value: 5%
　　Sales Expenses: 10% of commissions
　　Year One SurvFactor: 0.90
　　End of Year One Account Value: 50
　　Calculate the total commission and sales expense for the first year.
　　(A) 10.40
　　(B) 11.05
　　(C) 11.28
　　(D) 11.55
　　(E) 13.48
　　COURSE 5: Fall 2005 - 16 - GO ON TO NEXT PAGE
　　Morning Session
　　USE THIS PAGE FOR YOUR SCRATCH WORK
　　COURSE 5: Fall 2005 - 17 - GO ON TO NEXT PAGE
　　Morning Session
　　16-18. Each of questions 16 through 18 consists of two lists. In the list at the left are two items,
　　lettered X and Y. In the list at the right are three items, numbered I, II and III. ONE of
　　the lettered items is related in some way to EXACTLY TWO of the numbered items.
　　Indicate the related items using the following answer code:
　　Lettered Item
　　Is Related to Numbered Items
　　(A)
　　X
　　I and II only
　　(B)
　　X
　　II and III only
　　(C)
　　Y
　　I and II only
　　(D)
　　Y
　　I and III only
　　(E)
　　The correct answer is not given by (A), (B), (C) or (D).
　　16. X. Dynamic products I. Dividends
　　Y. Pre-scheduled products II. Partial withdrawal benefits
　　III. Pure endowment benefits
　　17. X. Joint last-to-die I. Variations of this type of policy can
　　pay double the death benefit if both
　　lives die within a short time of each
　　other.
　　Y. Joint first-to-die II. Frasierized mortality rates
　　III. Common to increase mortality for
　　risk of joint accidental death.
　　COURSE 5: Fall 2005 - 18 - GO ON TO NEXT PAGE
　　Morning Session
　　18. X. Factor method for determining
　　claim reserves
　　I. Usually used for reserves that are
　　easily estimated due to a short lag or
　　run off period.
　　Y. Tabular method for determining
　　claim reserves
　　II. More recently, method has begun to
　　include sex and elimination period as
　　variables.
　　III. Usually used for long-term disability
　　claims where regulatory standards
　　have established minimum reserves.
　　COURSE 5: Fall 2005 - 19 - GO ON TO NEXT PAGE
　　Morning Session
　　19. You are given the following:
　　Development Year
　　Accident year 0 1 2 3
　　Paid to Date as
　　of 12/31/2005
　　2002 260 330 360 390 390
　　2003 300 360 400 380
　　2004 330 430 420
　　2005 350 150
　　0/1 1/2 2/3
　　Incurred loss development factor 1.25 1.1 1.1
　　Calculate the gross IBNR as of 12/31/2005.
　　(A) 230
　　(B) 337
　　(C) 540
　　(D) 1,490
　　(E) None of the above
　　COURSE 5: Fall 2005 - 20 - GO ON TO NEXT PAGE
　　Morning Session
　　USE THIS PAGE FOR YOUR SCRATCH WORK
　　COURSE 5: Fall 2005 - 21 - GO ON TO NEXT PAGE
　　Morning Session
　　20. You are given the following for a group life contract:
　　Employee Amount Expected Annual Mortality Rate
　　per thousand
　　A 50,000 0.11
　　B 80,000 0.16
　　C 100,000 0.23
　　In the prior year, this group had an actual annual claim rate of 0.28 per thousand, which is
　　20% credible.
　　Calculate the expected claim cost for the following year.
　　(A) 41
　　(B) 46
　　(C) 60
　　(D) 64
　　(E) None of the above
　　COURSE 5: Fall 2005 - 22 - GO ON TO NEXT PAGE
　　Morning Session
　　USE THIS PAGE FOR YOUR SCRATCH WORK
　　COURSE 5: Fall 2005 - 23 - GO ON TO NEXT PAGE
　　Morning Session
　　高顿网校之做人原则：论命运如何，人生来就不是野蛮人，也不是乞讨者。人的四周充满真正而高贵的财富—身体与心灵的财富。