北美精算师考试03年11月真题放送November2003Course8G（最后一课），这是北美精算师很重要的往年考点，请大家时刻拿出来背诵和牢记。
　　19. Continued
　　Pricing Parameters
　　Test Actual
　　Total mailings 4,000 50,000
　　Cost per mailing $0.75 $1.00
　　Response rate (from mailings) 2.25% 1.75%
　　Not-taken rate (from those who responded) 10.00% 15.00%
　　Administration expenses
　　% premium 6.0% 7.5%
　　per policy per quarter $13.00 $16.50
　　Overhead as % premium 0.0% 0.0%
　　Risk discount rates tested: 10% per year
　　Test Actual
　　Average Quarterly Premium $85.20 $79.00
　　Average age (years) 39.6 36.8
　　Commissions, % of premium
　　First year 35% 45%
　　Renewal 5% 7%
　　Lapse rates by policy year
　　1 0.35 0.45
　　2 0.20 0.25
　　3 0.10 0.20
　　4 0.08 0.10
　　5+ 0.03 0.05
　　COURSE 8: Fall 2003 -15- GO TO NEXT PAGE
　　Health and Group Life Segment
　　Afternoon Session
 
　　20. (5 points) You are an underwriter for a stop loss carrier. You have received a request for
　　a quote for a 12/15 plan with a $50,000 specific deductible, 125% aggregate attachment
　　point and 95% minimum attachment point.
　　You have been provided the following data:
　　2001 2002
　　Expected Losses PEPM $380.00 $400.00
　　Expected Certificate Months 6,000 6,000
　　Actual Certificate Months 5,900 5,600
　　Total Losses $2,800,000 $3,500,000
　　Total Covered Losses Exceeding Specific Stop Loss
　　Incurred Dates 2001 2002
　　a) Person 1 1/1/2001-1/20/2001 $60,000 $0
　　b) Person 2 9/1/2001-10/15/2001 $80,000 $0
　　c) Person 3 12/1/2002-open $0 $100,000
　　d) Person 4 12/1/2001-12/31/2001;
　　1/1/2002-2/15/2002
　　$150,000 $500,000
　　(a) Calculate stop loss claims for 2001 and 2002 for the requested plan. Show your
　　work.
　　(b) Calculate stop loss claims for 2001 and 2002 using a $100,000 aggregating
　　specific stop loss deductible and no aggregate stop loss. Show your work.
　　(c) Explain the rationale for use of aggregating specific stop loss deductibles.
　　(d) Evaluate the impact of each of the large claims above in developing a quote for
　　2003.
　　COURSE 8: Fall 2003 -16- STOP
　　Health, Group Life & Managed Care
　　Morning Session
 
　　21. (6 points) You are a cons ultant representing RGS Industries, a large employer that is
　　implementing a Group Long-Term Disability (GLTD) benefit for its employees. RGS
　　Industries currently self- insures its medical benefits. The firm’s management is
　　considering the possibility of self-insuring the GLTD benefit.
　　(a) (2 points) Explain benefit provisions used to control costs in a GLTD plan.
　　(b) (1 point) List pros and cons of self- insuring the plan.
　　(c) (2 points) Describe the types of reinsurance that are available for a GLTD plan
　　and considerations in using reinsurance for a self- funded plan.
　　(d) (1 point) Review FAS 112 implications when implementing a GLTD plan.
　　工作上的信用是*4的财富。没有信用积累的青年，非成为失败者不可。——高顿网校唯美语句

 

 
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