高顿网校小编：大家请别怕北美精算师的学习中遇到的种种困难，其实考试并不是想象中的那么攻不可破哦。
　　21-22.Eachofquestions21through22consistsoftwolists.Inthelistattheleftaretwoitems,
　　letteredXandY.Inthelistattherightarefouritems,numberedI,II,IIIandIV.EACH
　　ofthelettereditemsisrelatedinsomewaytoEXACTLYTWOofthenumbereditems.
　　Matchthelettereditems(XandY)withthenumbereditems(I,II,III,andIV)shown
　　below.
　　Indicatetherelateditemsusingthefollowinganswercode:
　　X
　　Y
　　(A)
　　IandII
　　IIIandIV
　　(B)
　　IandIII
　　IIandIV
　　(C)
　　IandIV
　　IIandIII
　　(D)
　　IIandIII
　　IandIV
　　(E)
　　IIandIV
　　IandIII
　　21.X.Deferredtaxliabilitiescreatedby
　　timingdifferencesbetweenU.S.
　　solvencyandtaxstandards
　　I.Differentcarryingvalueforreal
　　estate
　　Y.Deferredtaxliabilitiescreatedby
　　permanentdifferencesbetween
　　U.S.solvencyandtaxstandards
　　II.Estimationofincurredbutnot
　　reportedclaims
　　III.Researchanddevelopmenttaxcredits
　　IV.Non-taxableinvestmentincome
　　22.X.CanadianfederaljurisdictionI.Workerscompensation
　　Y.CanadianprovincialjurisdictionII.Employmentinsurance
　　III.Automobileinsurance
　　IV.Maternitybenefit
 
　　COURSE5:Fall2005-24-GOONTONEXTPAGE
　　MorningSession
　　23.Ahomeownerinsurancecoverageisprovidedwithauniformlossdistributionoverthe
　　intervalrval0<X<200.
　　Calculatethedeductibleamountifthedesiredexpectedlossis50.
　　(A)43
　　(B)50
　　(C)59
　　(D)69
　　(E)Noneoftheabove
 
　　COURSE5:Fall2005-25-GOONTONEXTPAGE
　　MorningSession
　　24.Givenajointlast-to-dielifeinsurancepolicyonlivesxandywithestimatedmortality
　　ratesof:
　　tqx(t)qy(t)
　　10.1100.050
　　20.1500.070
　　Determinetheprobabilityofapaymentinyeartwo.
　　(A)0.011
　　(B)0.019
　　(C)0.023
　　(D)0.028
　　(E)Noneoftheabove
 
　　COURSE5:Fall2005-26-GOONTONEXTPAGE
　　MorningSession
　　25.Allofthefollowingaremajorconsiderationsinfinancialreportingforgroupinsurance
　　EXCEPT:
　　(A)Alternativefundingmethods
　　(B)Policyholderaccounting
　　(C)Excesssurplus
　　(D)Regulatoryrequirements
　　(E)Administrativearrangements
　　26.Allofthefollowingarecommonpurposesofperforminganactuarialvaluationofa
　　companypensionplanintheU.S.EXCEPT:
　　(A)Todeterminethemaximumcontributionthatthecompanycandeductinanyone
　　yearforfederalincometaxpurposes.
　　(B)Tocompletetheannualfilingrequiredunderstatelaw.
　　(C)Toestablishplancostsandliabilitiesinconnectionwithcorporatemergersand
　　spin-offs.
　　(D)Toprovideabasisfortheallocationoftheassetsofaterminatedplan.
　　(E)Toprovideinformationtoplanparticipantsconcerningthefundingstatusoftheir
　　benefits.
　　COURSE5:Fall2005-27-GOONTONEXTPAGE
　　MorningSession
　　27.Forguarantyassociations,allthefollowingaretrueEXCEPT:
　　(A)Theyprovidefortheindemnificationoflossessufferedbypolicyholdersof
　　insolventcompanies.
　　(B)Theygivethepublicconfidenceintheabilityoftheinsuranceindustrytodeliver
　　onobligations.
　　(C)Theguarantyassociationintheinsolventinsurer’sstateofdomicilepaysall
　　coveredclaims.
　　(D)Theyassesscompaniesinproportiontopremiumsreceived.
　　(E)Theygenerallyavoidassumingthebusinessofaninsolventcompany.
　　28.AllofthefollowingstatementsaretrueforadefinedcontributionplanEXCEPT:
　　(A)Employeeassumesinvestmentrisk.
　　(B)Valueofbenefitincreaseswithage.
　　(C)Benefitleveldirectlyaffectedbyinvestmentperformance.
　　(D)Hashighperceivedvalue.
　　(E)Limitedcapacitytoimprovepastservicebenefits.
 
　　COURSE5:Fall2005-28-GOONTONEXTPAGE
　　MorningSession
　　29.YouaregiventhefollowingwithrespecttothreeU.S.domiciledcompanies:
　　?CompanyYisanon-controlledcorporationwith25%ofitscommonsharesowned
　　byCompanyX.
　　?CompanyZisanunrelatedcorporationtobothCompanyXandCompanyY.
　　?Thecorporatetaxrateis40%.
　　?CompanyXpays$100individendstocompanyY.
　　?CompanyYthenpays100%ofafter-taxdividendrevenuetoCompanyZ.
　　Calculatethetotalincometaxpayableonthesetwodividendtransfers.
　　(A)0
　　(B)19
　　(C)58
　　(D)64
　　(E)Noneoftheabove
 
　　COURSE5:Fall2005-29-GOONTONEXTPAGE
　　MorningSession
　　30-35.Eachofquestions30through35consistsofanassertionintheleft-handcolumnanda
　　reasonintheright-handcolumn.Codeyouranswertoeachquestionbyblackening
　　space:
　　(A)Ifboththeassertionandthereasonaretruestatements,andthereasonisacorrect
　　explanationoftheassertion.
　　(B)Ifboththeassertionandthereasonaretruestatements,butthereasonisNOTacorrect
　　explanationoftheassertion.
　　(C)Iftheassertionisatruestatement,butthereasonisafalsestatement.
　　(D)Iftheassertionisafalsestatement,butthereasonisatruestatement.
　　(E)Ifboththeassertionandthereasonarefalsestatements.
　　30.
　　ASSERTION
　　IntheU.S.,self-insuredgroup
　　medicalplansareregulatedat
　　boththefederalandstatelevels.
　　BECAUSE
　　REASON
　　IntheU.S.,federalregulations
　　applytoemployersponsored
　　benefitplansandstatelawapplies
　　tothebusinessofinsurance.
　　高顿网校之经典总结：为着阶级和民族的解放，为着党的事业的成功，我毫不希罕那华丽的大厦，却宁愿居住在卑陋潮湿的茅棚；不希罕美味的西餐大菜，宁愿吞嚼刺口的苞粟和菜根；不希罕舒服柔软的钢丝床，宁愿睡在猪栏狗巢似的住所。 —— 方志敏