瑞达 Rejda 保险教材英文练习题06.docx

瑞达 Rejda 保险教材英文练习题06.docx

《瑞达 Rejda 保险教材英文练习题06.docx》由会员分享，可在线阅读，更多相关《瑞达 Rejda 保险教材英文练习题06.docx（17页珍藏版）》请在冰点文库上搜索。

瑞达Rejda保险教材英文练习题06

PrinciplesofRiskManagementandInsurance,11e（Rejda）

Chapter6InsuranceCompanyOperations

1）Thefunctionofanactuaryisto

A）adjustclaims.

B）determinepremiumrates.

C）negotiatereinsurancetreaties.

D）investinsurancecompanyassets.

Answer:

B

QuestionStatus:

PreviousEdition

2）Insurersobtaindatawhichcanbeusedtodetermineratesfrom

A）pricingpools.

B）insuranceadvisoryorganizations.

C）banks.

D）reciprocalexchanges.

Answer:

B

QuestionStatus:

PreviousEdition

3）Whichofthefollowingstatementsaboutunderwritingpolicyis（are）true?

I.Acompanymustestablishanunderwritingpolicyconsistentwithcompanyobjectives.

II.Underwritingpolicyisusuallysubjectiveandallowstheunderwriterconsiderableflexibilitywithrespecttolineswrittenandformsused.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

A

QuestionStatus:

PreviousEdition

4）Whichofthefollowingstatementsaboutunderwritingstandardsis（are）true?

I.Onepurposeofunderwritingstandardsistoreduceadverseselectionagainsttheinsurer.

II.Equitableratesshouldbechargedsothateachgroupofpolicyownerspaysitsownwayintermsoflossesandexpenses.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

C

QuestionStatus:

Revised

5）Theunderwritingprocessbeginswiththe

A）agent.

B）deskunderwriter.

C）inspectionreport.

D）acceptanceoftheapplication.

Answer:

A

QuestionStatus:

PreviousEdition

6）CommonsourcesofunderwritinginformationforlifeandhealthinsuranceincludeallofthefollowingEXCEPT

A）theapplication.

B）aphysicalexamination.

C）theMedicalInformationBureau.

D）theapplicant'sincometaxreturn.

Answer:

D

QuestionStatus:

PreviousEdition

7）Ifanunderwritersuspectsmoralhazard,theunderwritermayaskanoutsidefirmtoinvestigatetheapplicantandmakeadetailedreporttotheinsurer.Thisreportiscalleda（n）

A）inspectionreport.

B）application.

C）M.I.B.report.

D）agent'sreport.

Answer:

A

QuestionStatus:

PreviousEdition

8）Onesourceoflifeandhealthinsuranceunderwritinginformationisanorganizationthatlifeandhealthinsurancecompaniescanjoin.Asamember,lifeandhealthinsurancecompaniesreporthealthimpairmentsofapplicants,andthisinformationissharedwithmembercompanies.Althoughtheinformationisshared,theunderwritingdecisionofthemembercompanyisnotdisclosed.Whatisthisorganizationcalled?

A）FairIsaacCorporation（FICO）

B）MedicalInformationBureau（MIB）

C）NationalAssociationofInsuranceCommissioners（NAIC）

D）NationalAssociationofMutualInsuranceCompanies（NAMIC）

Answer:

B

QuestionStatus:

PreviousEdition

9）Factorsthatmayresultinmorerestrictiveunderwritingdecisionsincludewhichofthefollowing?

I.Inadequaterates.

II.Theunavailabilityofreinsuranceatfavorableterms.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

C

QuestionStatus:

PreviousEdition

10）AllofthefollowingarefunctionsofthemarketingdepartmentofaninsurancecompanyEXCEPT

A）toadvertisetheinsurer'sproducts.

B）todevelopnewproducts.

C）toidentifyproductiongoals.

D）tomakefinalunderwritingdecisions.

Answer:

D

QuestionStatus:

PreviousEdition

11）Whichofthefollowingstatementsaboutclaimsettlementis（are）true?

I.Thefairpaymentofclaimsrequiresaninsurertoadoptaveryliberalclaimspolicy.

II.Topreventlawsuits,aninsurershouldprovidenopersonalassistancetoaclaimantotherthanthatwhichisrequiredbycontractualobligations.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

D

QuestionStatus:

PreviousEdition

12）AllofthefollowingstatementsaboutclaimssettlementaretrueEXCEPT

A）Agentsmayhavetheauthoritytosettleclaims.

B）Independentadjustorsmaybeusedinageographicareawherethevolumeofbusinessistoolowforaninsurertohaveitsownadjustors.

C）Companyadjustorsaresalariedemployeeswhoworkforoneinsurer.

D）Apublicadjustorisusuallypaidaflatfeeregardlessofthesizeofaclaim.

Answer:

D

QuestionStatus:

Revised

13）Whichofthefollowingstatementsaboutadjustmentbureausis（are）true?

I.Theyarefrequentlyusedtosettleclaimswhenalargenumberoflossesoccurinagivengeographiclocationasaresultofacatastrophicevent.

II.Theirmajoradvantageislowcostbecauseoftheuseofpart-timeadjustors.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

A

QuestionStatus:

PreviousEdition

14）AllofthefollowingstatementsaboutthesettlementofaclaimaretrueEXCEPT

A）Theinsurancepolicyusuallyhasaprovisionspecifyinghowanoticeoflossistobemadetotheinsurancecompany.

B）Onestepintheinvestigationofaclaimistodeterminewhetherthepolicywasinforcewhenthelossoccurred.

C）Theadjustormustfiletheproofofloss,whichisaswornstatementsupportinghisorherdecisionregardingaclaim.

D）Apolicyprovisionmaydeterminehowdisputesoverclaimsettlementsareresolved.

Answer:

C

QuestionStatus:

PreviousEdition

15）AllofthefollowingstatementsaboutreinsurancearetrueEXCEPT

A）Areinsurermayalsopurchasereinsurance.

B）Reinsuranceisanarrangementbywhichtheprimaryinsurerthatinitiallywritestheinsurancetransferstoanotherinsurerpartorallofthepotentiallossesassociatedwithsuchinsurance.

C）Theinsurertransferringbusinesstoareinsureriscalledthecedinginsurer.

D）Theamountofinsurancetransferredtoareinsureriscalledthenetretention.

Answer:

D

QuestionStatus:

PreviousEdition

16）AllofthefollowingarereasonsforaprimaryinsurertousereinsuranceEXCEPT

A）toincreasetheunearnedpremiumreserve.

B）toincreaseunderwritingcapacity.

C）toprotectagainstcatastrophiclosses.

D）tostabilizeprofits.

Answer:

A

QuestionStatus:

PreviousEdition

17）Theunearnedpremiumreserveofaninsureris

A）anassetrepresentingtheinvestmentsmadewithpremiumincome.

B）aliabilityrepresentingtheunearnedportionofgrosspremiumsonoutstandingpolicies.

C）aliabilityrepresentingclaimsthathavebeenfiled,butnotyetpaid.

D）theportionoftheinsurer'snetworthbelongingtopolicyowners.

Answer:

B

QuestionStatus:

PreviousEdition

18）Areinsurancecontractthatisenteredintoonacase-by-casebasisafteranapplicationforinsuranceisreceivedbyaprimaryinsureriscalled

A）areinsurancepool.

B）automatictreatyreinsurance.

C）retrocession.

D）facultativereinsurance.

Answer:

D

QuestionStatus:

PreviousEdition

19）Whichofthefollowingstatementsabouttreatyreinsuranceistrue?

A）Thereinsurerisrequiredtounderwriteeachindividualapplicantthatisreinsured.

B）Thereinsurermustacceptallbusinessthatfallswithinthescopeofthetreaty.

C）Thecedinginsurercanchoosewhichbusinessfallingwithinthescopeofthetreatyitwishestoreinsure.

D）Itprotectsthereinsurerbyrequiringthecedinginsurertochargeadequatepremiums.

Answer:

B

QuestionStatus:

PreviousEdition

20）Whichofthefollowingstatementsabouttreatyreinsuranceistrue?

A）Underasurplus-sharetreaty,100percentofthecedinginsurer'sliabilitymustbetransferredtothereinsurer.

B）Usingaquota-sharetreatyincreasesthecedinginsurer'sunearnedpremiumreserve.

C）Underanexcess-of-losstreaty,thereinsurerpayslossesinfullonlyiftheyarelessthanthecedinginsurer'sretentionlimit.

D）Usingareinsurancepoolprovidesfinancialcapacitytowritelargeamountsofinsurance.

Answer:

D

QuestionStatus:

PreviousEdition

21）DeltaInsuranceCompanyhasasurplus-sharetreatywithEversafeReinsurance.Deltahasaretentionlimitof$200,000,andninelinesofinsurancearecededtoEversafe.HowmuchwillEversafepayifa$1,600,000buildinginsuredwithDeltasuffersan$800,000loss?

A）$600,000

B）$700,000

C）$720,000

D）$800,000

Answer:

B

QuestionStatus:

PreviousEdition

22）HugeInsuranceCompanyisapropertyinsurerthatisinterestedinprotectingitselfagainstcumulativelossesthatexceed$200millionduringtheyear.Thisprotectioncanbestbeobtainedusing

A）aquota-sharereinsurancetreaty.

B）asurplus-sharereinsurancetreaty.

C）anexcess-of-lossreinsurancetreaty.

D）areinsuancepool.

Answer:

C

QuestionStatus:

PreviousEdition

23）AllofthefollowingstatementsaboutlifeinsurancecompanyinvestmentsaretrueEXCEPT

A）Fundsfortheseinvestmentsarederivedprimarilyfrompremiumincome,investmentearnings,andmaturinginvestmentsthatmustbereinvested.

B）Incomefromtheseinvestmentsreducesthecostofinsurance.

C）Aprimaryobjectiveinmakingtheseinvestmentsissafetyofprincipal.

D）Themajorityoftheseinvestmentsareshort-terminvestments.

Answer:

D

QuestionStatus:

PreviousEdition

24）Whichofthefollowingstatementsabouttheinvestmentsofpropertyandliabilityinsurersis（are）true?

I.Incomefrominvestmentsisimportantinoffsettinganyunfavorableunderwritingexperience.

II.Becausepremiumincomeiscontinuallybeingreceived,theinvestmentobjectiveofliquidityisoflittleimportance.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

A

QuestionStatus:

PreviousEdition

25）Functionsofaninsurancecompany'slegaldepartmentincludewhichofthefollowing?

I.Lobbyingforlegislationfavorabletotheinsuranceindustry.

II.Draftingpolicyprovisions.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

C

QuestionStatus:

PreviousEdition

26）Janisemployedbyaninsurancecompany.Shereviewsapplicationstodeterminewhetherhercompanyshouldinsuretheapplicant.Ifinsurable,Janassignstheapplicantt