Changes in existing policies that may result in additional premiums or return premiums, such as increases or decreases in coverage limits, in:
A. Policyholder dividends
B. Change plan
C. Endorsement
D. Audit premiums
正解:C
質問 2:
The maturity of which agreement is fixed by the contract and depends on the needs of the borrower and the willingness of the lender?
A. Short-term agreement
B. Standard agreement
C. Fixed agreement
D. Repurchase agreement
正解:D
質問 3:
Supplementary contracts may be issued by an insurer upon the termination of a life insurance contract that has been terminated by death, maturity, or surrender. The policyholder, if living or the beneficiary elects the option under which the proceeds are paid. The payment options usually available are:
A. To receive a guaranteed fixed number of payments
B. To leave the proceeds with the insurer to earn interest with payment to be made at a later date.
C. Any one out of these
D. To receive payments of a certain amount until the proceeds are exhausted.
正解:C
質問 4:
Risk retention group is:
A. A business entity formed by the members of the private pool primarily to provide commercial asset insurance to the members.
B. A public entity formed by the members of the public pool primarily to provide business risk competency to the members.
C. An insurance entity formed by the members of the public pool primarily to provide commercial expense insurance to the members.
D. An insurance entity formed by the members of the private pool primarily to provide commercial liability insurance to the members.
正解:D
質問 5:
What is the second-order measure of the interest rate sensitivity of an instrument and the sensitivity of duration to changes in interest rates?
A. Convexity
B. Time compliance
C. Performance measure
D. Complexity
正解:A
質問 6:
Generally, Participation income is an income stream due the company and is based upon the financial results of the borrower and/or borrowing business entity. Although it can take several forms, the more prominent ones are:
A. Participation in revenue generated by the mortgaged property above a specified sum, such as a percentage of gross sales in excess of a specified dollar volume
B. percentage of net sales in excess of a specified dollar volume
C. Percentage of gross sales in excess of a specified dollar volume
D. Participation in profits from the mortgaged property, such as a percentage of gross income less defined expenses
正解:A,D
Matsumoto -
Pass4TestのAFEの問題集を習得して本場試験に合格した。しかも高得点。次はCRCMに挑戦したいと思います!