41.It measures the average length of life in a population. In a stable population, it would be an approximation of the average age of deceased people. Identify it.

Select one:

a. Morbidity

b. Death expectancy rate

c. Prognosis

d. Life expectancy

e. Withdrawal expectancy

42.Coverage is affected by the codification of the legal system in the other countries. The code used in France, Belgium, Egypt, Greece, Italy, Spain, and several other countries does not treat liability for negligence in the same way as liability is treated under the United States system of common law. Any negligence not specifically mentioned in the code is dismissed. The common law system is based on legal precedence, and the judges play a much more significant role. Identify the codification of legal system in these countries.

Select one:

a. Caesarian code

b. Alexandric code

c. Kantian code

d. Napoleonic code

e. Cartesian code

43.For insurance companies, the liabilities comprise mostly reserves for claims on the products sold by the life insurer. These reserves are computed by:

Select one:

a. accountants.

b. actuaries.

c. underwriters.

d. assessors.

e. covenants.

44.Identify the distance between the highest possible outcome value to the lowest in a distribution.

Select one:

a. Standard deviation

b. Variance

c. Mode

d. Range

e. Skewness

45.Identify the correct statement about captive insurance company.

Select one:

a. Its formation does not require capital contribution.

b. They are forms of self-insurance.

c. It is self-controlled and independent of its policyholder-parent.

d. All captives sell coverage to nonaffiliated organizations.

e. Forming a captive insurer is an inexpensive undertaking.