IC47A-1 CASUALTY ACTUARIAL SCIENCE PART 1 - 09

Que. 1 : Q1) Given that : Rate per unit exposure = Rs.112.90 Pure premium = Rs. 75.00 Variable expense factor = 17.5% Profit and contingency factor = 5.0% The Fixed expenses per exposure will be :

   1.  a) 12.50

   2.  b) 16.30

   3.  c) 20.54

   4.  d) 22.65

Que. 2 : Q2) If : Exposure Units = 50,524
Claim Count = 565, and
Scale Factor = 1,500;
Then : find Frequency per ‘k’ Exposure Units?

   1.  a) 14.25

   2.  b) 16.77

   3.  c) 19.54

   4.  d) 22.15

Que. 3 : Q3) Under which exposure, units of exposures on policies written during the period in question?

   1.  a) Written exposure

   2.  b) Earned exposures

   3.  c) In-force exposures

   4.  d) None of the above

Que. 4 : Q4) Pure Premium Method is based on Premium. Say whether True or False.

   1.  a) True

   2.  b) False

   3.  

   4.  

Que. 5 : Q5) What does CAPM stand for

   1.  a) Company Account Profit Margin

   2.  b) Capital Asset Pricing Model

   3.  c) Control Analysis Payout Mechanism

   4.  d) Changed Account Payment Method