Valuation technique should be used to measure fair value and is consistent with:

Market, income and cost approach

Market, income and risk approach

Market, performance and cost approach

Security, income and risk approach

Market, income and cost approach

An instrument that grants the holder the right but not the obligations to sell the underlying asset at the specified strike price.

A procedure that grants the holder the right but not the obligations to buy the main asset at the specified market price.

A strategy that grants the holder the right to sell the underlying asset at the actual price.

An instrument that grants the holder the right but not the obligations to sell the underlying asset at the specified strike price.

An activity that grants the holder the right to put obligations to the underlying asset at the specified strike price.

Which of the following is NOT the Asset/ Liability Management (ALM) activity?

Regulation of Insurer Financial Disclosure

Regulation of Insurer Investment Activity

Regulation of Insurer Reserve Adequacy

Regulation of Insurer Asset Adequacy

Which of the following is NOT the category of Life and health insurers in Canada?

Provincially Licensed Companies

Which of the following is NOT the primary consideration for defining the capital of a company for purposes of measuring capital adequacy?

Freedom from mandatory fixed charges

The process of analyzing and projecting the trends of a company's capital position given its current circumstances, its recent past, and its intended business plan under a variety of future scenarios is called:

Dynamic Capital Adequacy Testing

Permanence and Reliability Testing

Dynamic Capital Adequacy Testing

the process of controlling the impact of risk related events on a company

the process of planning the processes in order to avoid risk related events to a company

the process of designing the models to avoid risk related events on a company

Investments in equities by a life insurance company may not exceed the total of

70 percent of the insurance company's regulatory capital

15 percent of the liabilities in respect of non-participating policies

25 percent of the liabilities in respect of participating policies

Most life insurance companies that are taxable in Canada fall into which one of the following classifications:

Domestic life insurance companies

Multinational life insurance companies resident in Canada

Nonresident life insurance companies operating in Canada through a branch

ABA CTFA Practice Test 22 - Free Online Exam Questions 841-880

___________ is the price in a hypothetical transaction at the measurement date in the market in which the reporting entity would transact for the asset or liability

Become a Premium Member for full access

Unlock Premium Member

ABA CTFA Practice Test 22

Question

Drag and Drop

Hot Area

ABA CTFA Practice Tests

Practice Tests