最新的IFPUG AFE免費考試真題

問題1

With traditional whole life insurance:

A. a debt rate on reserves is implicit in the premium rate and is unlocked at time of policy issuance

B. an interest rate on reserves is implicit in the premium rate and is locked in at time of policy issuance

C. an expense rate on reserves is explicit on the premium rate and is locked in at time of policy issuance

D. an interest rate on reserves is implicit in the premium rate and is unlocked at time of policy issuance

正確答案: B

問題2

Valuation technique should be used to measure fair value and is consistent with:

A. market, income and cost approach

B. security, income and risk approach

C. market, income and risk approach

D. market, performance and cost approach

正確答案: A

問題3

What may leave more risk than a company should prudently assume due to the risk- exacerbating features of a particular product?

A. Product risk strategy

B. Design strategy

C. Risk strategy

D. Feasible investment strategy

正確答案: D

問題4

Duration is a measure of the first-order interest rate sensitivity of a financial instrument.

A. False

B. True

正確答案: B

問題5

The combined ratio is the sum of it:

A. dividend ratio

B. loss ratio

C. expense ratio

D. All of the above

正確答案: D

問題6

Lines of insurance in which claims are settled relatively quickly are called:

A. Single-tail lines

B. Quick-tail lines

C. Acceptance-tail lines

D. Short-tail lines

正確答案: D

問題7

A lower net retention level typically would translate into a higher v\variability of reserves.

A. False

B. True

正確答案: A

問題8

The auditor should obtain a sufficient understanding by performing risk assessment procedures to:

A. Neither A nor B

B. determine whether design of controls have been implemented

C. Both A & B

D. evaluate the design of controls not relevant to audit of financial statement

正確答案: B

問題9

is contractual right of recovery that entitles the insurer to any proceeds from the disposal of damaged property for which the claim has been made.

A. Subrogation

B. Salvage

C. Claim recovery

D. Claim adjustment

正確答案: B

問題10

Revenue risk is defined as:

A. the general administrative costs of investors include components that do not vary with the level of the equity markets

B. the general administrative costs of insurers include components that do not necessarily vary with the level of the equity markets

C. the general administrative costs of investors include components that must necessarily vary with the level of the equity markets

D. the particular administrative costs of insurers include components that must necessarily vary with the level of the equity markets

正確答案: B

問題11

Structured settlements are agreements characterized by the periodic payment of fixed amounts to a claimant in connection with the settlement of a legal claim. Such payments may last for the lifetime of the payee or they may be for a particular period of time, depending upon the terms of the settlement. The party responsible for making structured settlement payments may make payments:

A. To a claimant

B. Any one of these

C. None of these

D. Directly

正確答案: B

問題12

An increase in loss reserves may lead to offset by a reduction in premiums and a decrease in loss reserves may be a receivable for additional premiums.

A. False

B. True

正確答案: A

問題13

What technique uses a risk-adjusted discount rate and contractual, promised, or most likely cash flows?

A. Discount rate adjustment

B. Present value

C. Fair value

D. Asset/Liability weighted

正確答案: A

最新的IFPUG Accredited Financial Examiner (AFE) - AFE免費考試真題

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