高顿网校小编提醒您，北美精算师小编们一定会努力做到*4，北美精算师2003年11月Course5真题精选（二）就是其中的精品。
　　8. (4 points) Describe the issues that must be considered for the design and pricing of:
　　(a) Group vision and hearing benefits
　　(b) Group legal benefits
　　COURSE 5: Fall 2003 - 6 - GO ON TO NEXT PAGE
　　Morning Session
　　COURSE 5
　　MORNING SESSION
　　APPLICATION OF BASIC ACTUARIAL PRINCIPLES
　　SECTION B-MULTIPLE CHOICE
　　COURSE 5: Fall 2003 - 7 - GO ON TO NEXT PAGE
　　Morning Session
　　1-7. Each of questions 1 through 7 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).
　　1. X. Canadian Employment Insurance
　　(EI)
　　I. Death benefits available
　　Y. Canadian Worker’s Compensation II. Supplemental unemployment
　　benefits
　　III. Employer premium reduction
　　program
　　2. X. Defined benefit pension plan I. Age neutral
　　Y. Defined contribution pension plan II. Golden handcuffs
　　III. Cash balance plan
　　3. X. Captive agents I. Commission overrides
　　Y. Banks II. Streamlined underwriting and issue
　　processes
　　III. Life insurance for estate planning
　　COURSE 5: Fall 2003 - 8 - GO ON TO NEXT PAGE
　　Morning Session
　　4. X. An employer with 5 employees I. Maternity coverage is mandatory.
　　Y. An employer with 40 employees II. For active employees, Medicare is
　　the secondary insurer.
　　III. The health plan carrier is not likely
　　to use a composite rating method.
　　5. X. Distributable earnings I. Used in return on equity (ROE)
　　calculation.
　　Y. Shareholder earnings II. Independent of required capital.
　　III. Better reflects owners’ expected
　　cash flows.
　　6. X. Aggregate method I. Benefit allocation cost method
　　Y. Projected unit credit method II. No unfunded actuarial liability
　　III. Actuarial losses not explicitly
　　recognized
　　7. X. Income annuity products I. Lapses are a key assumption in
　　pricing.
　　Y. Accumulation annuity products II. Longevity risk is a key concern.
　　III. In the U.S., the minimum solvency
　　reserves are calculated using the
　　Commissioners’ Annuity Reserve
　　Valuation Method (CARVM).
　　COURSE 5: Fall 2003 - 9 - GO ON TO NEXT PAGE
　　Morning Session
　　8-20. Each of questions 8 through 20 consists 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.
　　8.
　　ASSERTION
　　Personal-producing general
　　agents receive higher
　　commissions than captive agents.
　　BECAUSE
　　REASON
　　Personal-producing general agents
　　typically provide training and
　　office space for captive agents.
　　9.
　　ASSERTION
　　In Canada, the licensing of
　　physicians falls under federal
　　jurisdiction.
　　BECAUSE
　　REASON
　　In Canada, the Federal
　　government sets national
　　standards for the provision of
　　health care.
　　10.
　　ASSERTION
　　For individual health insurance,
　　the loss ratio method is the most
　　common method of determining
　　premium rate changes.
　　BECAUSE
　　REASON
　　For individual health insurance,
　　under the loss ratio method, the
　　policyholder’s original rating class
　　does not have to be preserved.
　　COURSE 5: Fall 2003 - 10 - GO ON TO NEXT PAGE
　　Morning Session
　　当我们被误解时，会花很多时间去辩白。 但没有用，没人愿意听，大家习惯按自己的所闻、理解做出判别，每个人其实都很固执。与其努力且痛苦的试图扭转别人的评判，不如默默承受，给大家多一点时间和空间去了解。而我们省下辩解的功夫，去实现自身更久远的人生价值。其实，渡人如渡己，渡已，亦是渡人。——高顿网校名言警句

 

 
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