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