保險學 CH7

Which method will establish aggregate loss reserves for a specific coverage line?

• Loss ratio method

• Tabular value method 

• Average value method

Which method is not involved in the case reserve?

• Loss ratio method

• Judgement method

• Average value method

Which is correct about "Combined ratio" formula？

• Loss ratio + Investment income ratio

• Expense ratio + Investment income ratio

• Loss ratio + Expense ratio

Which description of the net single premium (NSP) is true？

• It is equivalent to the gross premium

• It is the future value of the future death

• Neither A nor B is true 

Which of the following statements is not the business objective

when designing a rating system?

• Should be stable over a short period of time

• Should be responsive

  over time

• Should discourage loss control activities.

Which method is used to assumed that

the policies are written uniformly throughout the year?

• Flat-rate method

• Annual pro rata method

• Fractional value method

Which reserve is used to pay

for losses that occur during the policy period?

• Unearned premium reserve

• Loss reserves

• None of above

Which of the following statements about

rate-making methods is false?

• Schedule rating is used in commercial property insurance for large structures

• Experience rating is generally limited to small firms that generate low volumes of premiums

• Judgment rating is widely used in some lines of inland marine insurance

The gross premium paid by the insured consists of the gross rate multiplied by ________?

• the number of exposure units

• incurred losses and loss adjustment expenses

• the pure premium

Which is not the major difference of assets on balance sheet of life insurance company and property and casualty insurance company?

• Average duration of the investment

• Separate account assets

• Policyholder’s surplus