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2y Arabic Questions

1. The document contains 20 multiple choice questions about topics in insurance, including life tables, probabilities, types of insurance policies, and marine insurance terms. 2. It also contains 10 true/false statements related to characteristics that distinguish mortality risks, types of insurance policies and coverages, and concepts in marine insurance. 3. The questions cover topics such as the differences between static and cohort life tables, probabilities used in life tables, features of various types of life insurance policies including whole life and term policies, and concepts involved in marine insurance such as hull and machinery coverage and constructive total loss.

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23 views

2y Arabic Questions

1. The document contains 20 multiple choice questions about topics in insurance, including life tables, probabilities, types of insurance policies, and marine insurance terms. 2. It also contains 10 true/false statements related to characteristics that distinguish mortality risks, types of insurance policies and coverages, and concepts in marine insurance. 3. The questions cover topics such as the differences between static and cohort life tables, probabilities used in life tables, features of various types of life insurance policies including whole life and term policies, and concepts involved in marine insurance such as hull and machinery coverage and constructive total loss.

Uploaded by

obadfaisal24
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Selected Topics in Insurance

Second Year
Arabic Section
Questions
Question 1:
Choose the Letter that corresponds to the BEST answer:

1- Static life tables and cohort life tables will be identical when:

I. The population is in equilibrium


II. The population environment does not change.
(A) I. Only (B) II. Only
(C) Both I. and II. (D) Neither I nor II.
2- The older ages represented in a life table are not being
representative of what lives experience in future because of:
I. The current advances in medicine.
II. The current advances in public health and safety
standards.
(A) I. Only. (B) Both I and II.
(C) II. Only (D) Neither I nor II.
3- The other characteristics than gender that can be used to
distinguish different death rate risks are:

I. Smoking.
II. Social statues class.
III. Occupation.
(A) I. Only. (B) III. Only
(C) Both I and II. (D) All of them.

4- Probability that a person of age x survives up to year x+1 is:


(A) Px (B) qx
(C) ndx (D) nqx

5- Number of deaths which occur in each age interval is:


(A) Px (B) qx
(C) ndx (D) nqx

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6- The probability of a person of age x will die in m years n following
the attainment age x+n is:
(A) m/qx (B) qx
(C) ndx (D) m/nqx

7- The probability of a person of age x will die in the year following


the attainment age x+n is equal to:
I. dx+n+1 /lx
II. (lx+n – lx+n+1) / lx
(A) I Only (B) II Only
(C) Both I and II. (D) Neither I nor II

8- m/nqx is equal to:


I. dx+n+m / lx
II. mpx - m+npx
(A) I Only (B) II Only
(C) Both I and II (D) Neither I nor II

9- The following is part of life table:


X Lx dx px qx
98 160 64
99 40
100 24 0. 667
101 0.250
102 1.000
L99 equal to:
(A) 96 (B) 40
(C) 56 (D) 37
10- From question 9 d101 equal:
(A) 96 (B) 5
(C) 15 (D) 19

11- From question 9 P100 equal:


(A) 0.40 (B) 0.333
(C) 0.583 (D) 0.417

12- From question 16 q98 equal:


(A) 0.40 (B) 0.333
(C) 0.60 (D) 0.417
13- nEx = Dx+n /Dx is the net single premium of:

(A) Whole annuities policy. (B) Whole life policy.


2
(C) Pure endowment policy. (D) Term policy.

14- The payment is at the beginning of the year in:

(A) Whole annuities policy. (B) Due annuities.


(C) Ordinary annuities. (D) Term policy.

15- Whole life insurance policy NSP formula is:

(A) nEx = Dx+n /Dx (B) Due annuities.


(C) Ax = Mx / Dx (D) Term policy.

16- Ax1:n‫( = ﬧ‬Mx - Mx+n) / Dx is the net single premium of:

(A) Pure endowment policy. (B) Whole life policy.


(C) Whole annuities policy. (D) Term policy.

17- Using the mortality table enclosed herewith, we find that 10/q50 is
equal to:
(A) 0.o25139 (B) 1830
(C) 0.024108 (D) 1755

18- Using the Math. Symbol table enclosed herewith, we find the
present value for whole life insurance policy issued for a man
aged 35 years and the sum insured $200000 is equal to:
(A) 0.3073698 (B) 61473.97
(C) 3965687 (D) 3894053

19- Shipowners insure the remaining fourth-quarter liability


according to collision in:

(A) P&I clubs. (B) Lloyds.


(C) Insurance companies. (D) All of them.

20- In aviation insurance aircraft includes the following:

I. Hull and machinery.


II. Instruments and other equipments of the craft
(A) I Only. (B) Both I and II.
(C) II Only. (D) all of the above.

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Question 2:
State whether the following statement is TRUE (T) or FALSE (F):

1- The death rate for woman is higher than the death rate of man of
same age.

(T) (F)

2- The gender is the only characteristic than can be used to


distinguish different death rate risks.

(T) (F)

3- ax = Nx+1 /Dx is the net single premium for ordinary annuity.

(T) (F)

4- Whole life insurance policy provides a fixed sum to the beneficiary


at the time of the death of the insured if it occurs within policy
period.

(T) (F)

5- Insurance of the vessels is generally known as 'Hull and


Machinery).

(T) (F)

6- A marine hull policy covers all the insured's liabilities due to


collision.

(T) (F)

7- Constructive total loss refers to the situation where the position is


clear that the hull is already has been destroyed.

(T) (F)

8- Constructive total loss refers to the situation where a loss is


inferred that it will happen.

4
(T) (F)

9- If we have to jettison certain cargo to protect the ship and the


remaining cargo this case is an example of constrictive loss.

(T) (F)

10- An average adjuster is a marine claims specialist responsible for


adjusting and providing the general average statement. He is
usually appointed by the insurer.

(T) (F)

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