Which of the following about annuities used for management of longevity risk by insurance companies CANNOT be
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Question:
I. The purchase of annuity ensures that dependent's of an annuitant who die will receive regular income from insurers.
II.Any annuitant who dies is a benefit to other annuitants in the same risk class.
III.An increase in mortality leads to losses for an insurer.
IV. Annuity ensures that the annuitant receives income for life.
a) I only
b) I and II only
c) III only
d) I and III only
e) II and IV only
6. A material fact is one tha
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Auditing a risk based approach to conducting a quality audit
ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
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