高顿网校赶赴全国各地的精算师亲们，大家请再拼搏最后这段时间了（2个多月），拿下这张颇具含金量的北美精算师资格证哦！往届SOA北美精算师真题—November2001Course5（五），请接着看吧。
　　23.
　　ASSERTION
　　In the U.S., individual
　　underwriting is used for small
　　groups.
　　BECAUSE
　　REASON
　　In the U.S., the use of individual
　　underwriting for small groups
　　allows the carrier to decline
　　individuals who would pose an
　　unacceptable health risk.
　　COURSE 5: November 2001 - 20 - GO ON TO NEXT PAGE
　　Morning Session
　　Each of questions 24 through 25 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).
 
　　24. X. Balance Sheet treatment of policy
　　loans.
　　I. Policy loans shown as a reduction in
　　liabilities.
　　Y. Income Statement treatment of
　　policy loans.
　　II. Policy loans shown as an asset.
　　III. Policy loan interest shown as a
　　reduction in benefits.
 
　　25. X. The 1960 Basic Group Mortality
　　Table
　　I. Useful in estimating annual
　　improvements in mortality
　　Y. Population Statistics II. Principally used as a tabular base
　　when comparisons of actual to
　　expected experience are made
　　III. Useful in developing rates for the
　　very young and very old
　　COURSE 5: November 2001 - 21 - GO ON TO NEXT PAGE
　　Morning Session
 
　　26. Rank in ascending order (smallest to largest), the assumed mortality rate in the year of
　　annuitization for the following, using typical mortality tables for a given person:
　　I. Individual annuitant
　　II. Group annuitant
　　III. Structured settlement annuitant
　　(A) IIIIII
　　(B) IIIIII
　　(C) IIIIII
　　(D) IIIIII
　　(E) IIIIII
　　COURSE 5: November 2001 - 22 - GO ON TO NEXT PAGE
　　Morning Session
　　Each of questions 27 through 35 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.
 
　　27.
　　ASSERTION
　　Nonexistent returns on
　　investment are common when
　　profits are based upon
　　stockholder earnings.
　　BECAUSE
　　REASON
　　Required capital has no bearing on
　　stockholder earnings except for
　　investment income earned on the
　　assets backing required capital.
 
　　28.
　　ASSERTION
　　Under most group life insurance
　　policies, if the group coverage
　　terminates, insureds can convert
　　to an individual life insurance
　　policy only if they provide
　　evidence of insurability.
　　BECAUSE
　　REASON
　　Any additional claim costs
　　resulting from a conversion from a
　　group life insurance policy to an
　　individual life insurance policy are
　　usually reflected in the standard
　　rates for the individual policy.
　　COURSE 5: November 2001 - 23 - GO ON TO NEXT PAGE
　　Morning Session
 
　　29.
　　ASSERTION
　　Given an individual with five
　　years of service, the entry-age
　　normal cost method will produce
　　a smaller initial actuarial liability
　　than the traditional accrued
　　benefit cost method.
　　BECAUSE
　　REASON
　　Under the entry-age normal cost
　　method, the use of average entry
　　ages will produce a supplemental
　　liability for individuals entering
　　the plan after its establishment at
　　ages above the assumed entry age.
 
　　30.
　　ASSERTION
　　In valuing a defined benefit
　　pension plan, if benefits are
　　related to compensation, the
　　allowance for inflation is
　　typically ignored.
　　BECAUSE
　　REASON
　　In valuing a defined benefit
　　pension plan, the inflation
　　assumption used in the interest
　　assumption is offset by the
　　inflation assumption used in the
　　salary scale.
　　要获得辉煌的成就，必须坚持「我也可以这样做」的信念，如果不能勇往直前，绝对不会达到胜利成功的境界。——高顿网校金玉良言

 

 
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