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649 Students Passed

88% Average Score

90% Same Questions
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Questions # 81:

Which of the following is NOT of equity market sensitivities that are usually considered in dynamic hedging?

Options:

A.

Delta

B.

Vega

C.

theta

D.

alpha

Questions # 82:

For immediate annuities, this is the ______________, defined by the sequence of periodic annuity benefit payments the policyholder is promised.

Options:

A.

maximum credited rate

B.

minimum credited rate

C.

implicit interest rate

D.

explicit interest rate

Questions # 83:

________ allow investments to be made, up to a certain percent of invested or total admitted assets, in assets that do not otherwise meet regulatory requirements. If their domiciliary jurisdiction regulations have a this, a life insurer with a business purpose for doing so can make a limited amount of mortgage loans that do not meet regulatory requirements without a reduction in surplus. However, some jurisdictions do exercise some extraterritorial jurisdiction related to it.

Options:

A.

Loan application

B.

Basket clause

C.

Underwriting agreement

D.

None of these

Questions # 84:

Duration is a measure of the first-order interest rate sensitivity of a financial instrument.

Options:

A.

True

B.

False

Questions # 85:

Which of the following id NOT the kind of Insurance?

Options:

A.

Business policies

B.

fire and alliance lines

C.

inland marine

D.

professional liability

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