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Valuation technique should be used to measure fair value and is consistent with:
Valuation technique should be used to measure fair value and is consistent with:A . market, income and risk approachB . market, performance and cost approachC . security, income and risk approachD . market, income and cost approachView AnswerAnswer: D
Federal Housing Administration:
Federal Housing Administration:A . Agency does not make loans; it only insures them. For this protection the borrower must pay an annual insurance premium to the FHA of 0.5 percent of the outstanding principal amount of the loanB . Agency does not make loans; upon default, the lender has the...
Which of the following is NOT the primary consideration for defining the capital of a company for purposes of measuring capital adequacy?
Which of the following is NOT the primary consideration for defining the capital of a company for purposes of measuring capital adequacy?A . PermanenceB . Freedom from mandatory fixed chargesC . Debtors of the businessD . Creditors of the businessView AnswerAnswer: C
The difference between the purchase price and the repurchase price, or sale price, plus accrued interest on the security represents:
The difference between the purchase price and the repurchase price, or sale price, plus accrued interest on the security represents:A . Accounting agreementB . Investment incomeC . Dollar priceD . Saving priceView AnswerAnswer: B
A premium deficiency relating to which insurance contracts indicate a probable loss on premiums yet to be earned.
A premium deficiency relating to which insurance contracts indicate a probable loss on premiums yet to be earned.A . long durationB . premium policyC . short durationD . None of the aboveView AnswerAnswer: C
The Module Rule requires the insurer to provide:
The Module Rule requires the insurer to provide:A . to the insurance commissioner of the state of domicile, a copy of notification of adverse financial conditionB . to the auditor, evidence that the notification has been provided to the organizationC . Both A & BD . Neither A nor BView...
What is considered “pure” mortality protection?
What is considered “pure” mortality protection?A . Life insuranceB . Premium planC . Transience policyD . Assurance planView AnswerAnswer: A
The profitability of an insurance entity on a statutory basis is generally gauged by:
The profitability of an insurance entity on a statutory basis is generally gauged by:A . combined ratio and its operating ratioB . single module ratio and its operating ratioC . Net ratioD . Gross ration and actual ratioView AnswerAnswer: D
________ allow investments to be made, up to a certain percent of invested or total admitted assets, in assets that do not otherwise meet regulatory requirements. If their domiciliary jurisdiction regulations have a this, a life insurer with a business purpose for doing so can make a limited amount of mortgage loans that do not meet regulatory requirements without a reduction in surplus.
________ allow investments to be made, up to a certain percent of invested or total admitted assets, in assets that do not otherwise meet regulatory requirements. If their domiciliary jurisdiction regulations have a this, a life insurer with a business purpose for doing so can make a limited amount of...
Experience refund provisions of group insurance contracts are most often concerned with the manner of distributing any profits between the insurer and the insured group. The agreements usually contain provisions specifying how losses will affect the profit allocations for the insured group.
Experience refund provisions of group insurance contracts are most often concerned with the manner of distributing any profits between the insurer and the insured group. The agreements usually contain provisions specifying how losses will affect the profit allocations for the insured group. In such situation:A . Losses may or may...
