保险学期末A卷

1、精品可编辑修改上海外国语大学贤达经济人文学院20142015学年第一学期风险管理和保险原理课程期末考试试卷（ A卷）Twistingresipsa考试时间： 90 分钟考试形式：闭卷专业班级:姓 名;学 号j题号一二三四五六总得分阅卷人核分人得分名词解释（5分*6题，共30分）Captive insurer Unearned premium reserveSubrogationUniversal life insuranceloquitur判断题（2分*10题，共20分）选择题答案填写在下表答题区内，否则不得分。题号12345678910得分答题区1. Lloyd's of Londo

2、n allows underwriters to write coverage without meeting stringent financial requirements.2. The function of an actuary is to adjust claims.3. The right of the states to regulate the business of insurance was firstestablished byPaul v. Virginia.4. A total loss under a valued policy is settled on the

3、basis of the market value of the loss.5. The deductible used for automobile collision losses is an example of a calendar year deductible.6. Most policies can be renewed for additional periods without evidence of insurability.7. murder is an intentional tort?8. Damages awarded for losses that can be

4、determined or measured are special damages.9. Builders risk coverage form is used to insure buildings that are under construction.10. Reimbursement for spoilage of frozen food caused by failure of a refrigeration unit at a frozen foods processor can be covered under extra expense insurance.三.单选题 （2分

5、*10题，共20分）选择题答案填写在下表答题区内，否则不得分。题号12345678910得分答题区1. Advantages of the direct response system for marketing life insuranceinclude which of the following?I. Advertising can be specifically directed to selected markets.II. Complex products can be easily sold.A) I onlyB) II onlyC) both I and IID) neithe

6、r I nor II2. Which of the following statements about underwriting policy is (are) true?I. A company must establish an underwriting policy consistent with company objectives.II. Underwriting policy is usually subjective and allows the underwriter considerable flexibility with respect to lines written

7、 and forms used.A) I onlyB) II onlyC) both I and IID) neither I nor II3. Which of the following would not appear in the asset section of an insurance company's balance sheet?A) loss reservesB) bondsC) common stockD) real estate4. Reasons for the unearned premium reserve include which of the foll

8、owing?I.To pay losses that occur during the policy period.II.To pay premium refunds to policyholders in the event of cancellation.A) I onlyB) II onlyC) both I and IID) neither I nor II5. Which of the following statements about the use of risk-based capital requirements is (are) true?I. Insurers must

9、 have a certain amount of capital depending on the riskiness of their investments and insurance operations.II. Insurers may be required to take certain actions depending on how much capital they have relative to their risk-based capital requirements. A) I onlyB) II onlyC) both I and IID) neither I n

10、or II6. Which of the following is a fundamental purpose of the principle of indemnity?A) to reduce moral hazardB) to minimize physical hazardsC) to settle property insurance losses on a replacement cost basisD) to require deductibles in all property insurance policies7. Which of the following statem

11、ents about "open-perils" coverage is (are) true?1. All losses are covered except those losses specifically excluded.II.The burden of proof is on the insured to prove that a loss is covered.A) I onlyB) II onlyC) both I and IID) neither I nor II8. 3) Which of the following pieces of informat

12、ion is needed to calculate a person's human life value?A) the marital status of the person.B) the person's estimated annual Social Security benefits after retirement.C) the person's cost of self-maintenance.D) current outstanding debts, including mortgage debt.9. All of the following are

13、 elements of negligence EXCEPTA) the ability to pay damages.B) the failure to perform a legal duty to use reasonable care.C) damages or injuries to a claimant.D) proximate cause between the negligent act and the injury or harm that occurs.10. Which of the following statements about the building and

14、personal property coverage form is (are) true?I. A limited amount of coverage is provided for pollutant cleanup and removal at the described premises if the release or discharge of the pollutant results from a covered cause of loss.II. Fire department service charges are specifically excluded becaus

15、e they are a normal cost of doing business.A) I onlyB) II onlyC) both I and IID) neither I nor II四.案例分析题(15*2题，共30分)1. Mike took his friend, Donna, out to dinner on her birthday. Whiledriving Donna home, Mike became 川 and asked Donna to drive.While driving Mike s car, Donna negligently injured anoth

16、er motoristwhen she failed to stop at a red light. Mike has an auto insurance policy with a liability insurance limit of $250,000 per person for bodily injury liability. Donna has a similar auto insurance policy with a liability limit of $100,000 per person.a. If a court awards a liability judgment

17、of $100,000 against Donna, how much, if any, will each insurer pay ?b. If the liability judgment is $300,000, how much, if any, will each insurer pay?c. Assume that Mike cannot afford to pay the premium and lets his auto insurance policy lapse. At the time of accident Donna is $100,000, how much, if

18、 any, will Donna s insurance pay ?2. Kimberly owns and operates a tennis shop in a resort area. The businessis seasonal. A large part of the annual revenues are due to sales in June, July and August. Kimberly keeps the shop open during the remaining months of the year, but the inventory carried duri

19、ng those months is reduced. During the summer months, the amount of inventory on hand is substantially increased. Kimberly has the business insured under the special endorsements attached.a. Assume you are a risk management consultant. Identify the majorloss exposures that Kimberly faces.b. Assume t

20、hat a covered loss occurs in July, which damages part ofthe inventory. Does the BOP provide any protection for the increasein inventory during the summer months? Explain your answer.c. Kimberly plans to hire an additional employee during the summermonths when sales are increasing. She is concerned a

21、bout possibleemployee theft and dishonesty. Explain to Kimberly how this loss exposure can be handled under the BOPd. A fire damagedthe building.As a result, Kimberly incurred abusiness income loss because the business was closed for three months.e. Vandals broke the extreme glass window to the busi

22、ness, which caused substantial damage to the building.审核人： 时间：2014.12.12命题人：、邓谦附件：答案（评分标准）上海外国语大学贤达经济人文学院20142015学年第一学期风险管理和保险原理课程期末考试答案（评分标准） （A卷）考试时间：90 分钟考试形式：闭卷适用专业： 经济、管理1 .名词解释（5分*6题，共30分）Captive insurer:insurance company established and owned by a parentfirm in order to insure its loss exposu

23、res while reducing premium costs, providing easier access to a reinsurer, and perhaps easing tax burdens.Unearned premium reserve: Liability reserve of an insurance company that represents the unearned part of gross premium on all outstanding policies at the time of valuationTwisting: Illegal practi

24、ce of inducing a policy-owner to drop an existing policy in one company and take out a new policy in another through misrepresentation or incomplete information.Subrogation: Substitution of the insurer in place of the insured for the purpose of claiming indemnity from a negligent third party for a l

25、oss covered by insurance.Universal life insurance: A flexible-premium whole life policy that provides lifetime protectionunder a contract that separates the protectionandsaving components. The contract is an interest-sensitive productthatunbundles the protection, saving, and expense components.res i

26、psa loquitur: Literally, the thing speaks for itself. Under this doctrine,the very fact that the event occurred establishes a presumptionofnegligence on behalf of the defendant.2 .判断题（2 分*10 题，共 20 分）1F、 2F、 3T、 4F、 5F、 6T、 7F、 8T、 9T、 10F3 .单选题（2 分*10 题，共 20 分）1A、 2A、 3A、 4C、 5C、 6A、 7A、 8C、 9A、 10

27、A四案例分析题（ 15 分*2 题，共 30 分）1. a. donna is covered under her policy since she is driving a non-owned car with the permission of the owner. She is also covered under Mike s policHowever, Mike s policy is primary, and Donna s policy is excess.Accordingly, Donna s policy does not pay until Mike s policy limits areexhausted. Mike s policy will pay $100,000. Donna s policy pays nothing.b. Mike s policy pays $250,000. Donna s policy pays $50,000.c. $100,0002. a. The major loss exposures to t