以下则是高顿网校小编为您整理的一套北美精算师考前珍贵资料——SOA真题Course8G（最后一课）：November2001北美精算师考试。
　　15. (6 points) You are the group actuary for MNO Life. MNO management wants to
　　increase production of the Group LTC business to achieve higher expected profit margins
　　compared to MNO’s other product lines (group LTD and group medical). MNO plans to
　　offer institutional care benefits as part of their GLTC product line.
　　(a) Outline pricing considerations for developing morbidity assumptions and
　　underwriting methods in order to minimize anti-selection for the GLTC product
　　line.
　　(b) Identify the sources and limitations of data available from which to estimate claim
　　costs for institutional care benefits.
　　(c) Identify any concerns or needed modifications when using the 1985 NNHS, as
　　interpreted by the SOA‘s LTC Experience Committee, as a reserving basis for
　　institutional care benefits.
　　COURSE 8: November 2001 -13- GO ON TO NEXT PAGE
　　Health and Group Life Segment
　　Afternoon Session
 
　　16. (6 points) You are the product development manager in charge of direct
　　marketing initiatives focused on association groups. You have developed the following
　　assumptions for an upcoming direct marketing campaign:
　　? Product Package – Life, AD & D, and LTD with Declaration of
　　Health Underwriting
　　? Annual Gross Premium per package = $50
　　? Solicitation cost per 1000 solicitations = $200
　　? Maximum Policy duration = 5 years
　　? Annuity Factor (interest and lapse) = 2.70
　　? Target Loss Ratio = 30% of premium
　　? Expenses = 20% of premium
　　(a) Calculate the required response rate to meet a target profit of 10% of
　　premium. Show your work.
　　(b) Determine the maximum solicitation cost as a ratio to first year premium to
　　generate a 10% profit margin. Assume no lapses occur in the first year. Show
　　your work.
　　(c) The profit center manager is not satisfied with the projected response rates
　　and persistency. Outline possible action steps to improve response rates and
　　persistency.
　　COURSE 8: November 2001 -14- GO ON TO NEXT PAGE
　　Health and Group Life Segment
　　Afternoon Session
 
　　17. (4 points) You have just been hired as the group disability pricing actuary for
　　Acquisition Life Insurance Company (ALIC). A year ago, ALIC purchased actively sold
　　blocks of long-term disability and short-term disability products. ALIC continued to sell
　　both the LTD and the STD products without modification to the original plans.
　　Experience over the past year has not been favorable.
　　Plan Descriptions:
　　Long-Term Disability
　　? 70% of salary with no maximum
　　? 30 Day elimination period
　　? to age 65 benefits
　　? Cost-of-living adjustments
　　Short-Term Disability
　　? 100% of weekly salary with no maximum
　　? 0/7 Day elimination period plan
　　? 52 week benefit period
　　Recommend design changes to the current plans for each product that would improve
　　experience.
　　COURSE 8: November 2001 -15- GO ON TO NEXT PAGE
　　Health and Group Life Segment
　　Afternoon Session
 
　　18. (4 points) You are the underwriter for the medical stop loss line of business and
　　have been supplied the following information in order to prepare a quote for the DEF
　　Corporation:
　　Proposed Effective Date January 1, 2002
　　Lines of coverage Medical and Dental
　　Specific stop loss deductible per person $25,000
　　Aggregate deductible 120% of Expected Claims
　　Paid claims from July 2000 – June 2001 $1,250,000
　　Average Employee Count from July 2000 – June 2001 300
　　Average Age of Employees 42
　　(a) Identify additional information you would need in order to provide a specific and
　　aggregate stop loss quote.
　　(b) Explain steps required to develop the annual aggregate deductible.
　　COURSE 8: November 2001 -16- STOP
　　Health and Group Life Segment
　　Afternoon Session
 
　　19. (7 points) You are the consulting actuary for RST Enterprises, which currently provides
　　medical and dental coverage to its employees. Employees currently pay 20% of the
　　premium for these benefits with after tax dollars. Each RST employee is provided $500
　　per year which may be allocated to a health care expense account or taken in cash.
　　Unused account balances are forfeited at the end of the year.
　　Significantly rising costs and a slowing economy have led RST to question the current
　　benefits program. RST is also concerned about employee complaints regarding the loss
　　of unused account balances for the health care expense account benefit.
　　(a) Identify the range of flexible benefits program structures, and the degree to which
　　each structure may help to contain benefit costs for RST.
　　(b) Explain the different roll-over approaches that may be used for health care
　　expense accounts.
　　(c) The table below provides expenses for Employee X provided under his current
　　health expense account for items not covered by the RST medical plans.
　　Calculate the differences in reimbursement and forfeitures under each of the
　　allowable roll-over approaches for each year had they been in effect at that time.
　　Year 1 Year 2
　　Credit Allocation $500 Credit Allocation $500
　　Physical Therapy $225 Vision Care $200
　　Vision Care $300 Massage Therapy $100
　　Massage Therapy $150
　　(d) Determine the amount Employee X should allocate to his health care expense
　　account if RST decides to change its policy regarding the rollover of unused
　　health care expense account balances in the coming year.
　　悲观主义者在每个机会里看到困难。乐观主义者在每个困难里看到机会。——高顿网校名人思想

 

 
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