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P/S: taken the insurance exam but has yet to practice as an insurance agent.
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P/S: taken the insurance exam but has yet to practice as an insurance agent.
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P/S: taken the insurance exam but has yet to practice as an insurance agent.
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P/S: taken the insurance exam but has yet to practice as an insurance agent.
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P/S: taken the insurance exam but has yet to practice as an insurance agent.
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P/S: taken the insurance exam but has yet to practice as an insurance agent.
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P/S: taken the insurance exam but has yet to practice as an insurance agent.
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P/S: taken the insurance exam but has yet to practice as an insurance agent.
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P/S: taken the insurance exam but has yet to practice as an insurance agent.
Property & Casualty Insurance Top Trends 2021Capgemini
The Property & Casualty insurance landscape is evolving quickly with the changing risk landscape, entry of new players, and changing customer expectations. The ripple effects of COVID-19 on the P&C insurance industry and natural disasters such as forest fires have adversely impacted insurance firm books.
In this scenario, to ensure growth and future-readiness, the most strategic insurers strive to be ‘Inventive Insurers’ – assuming a customer-centric approach, deploying intelligent processes, practicing business resilience and go-to-market agility, and embracing an open ecosystem.
Read our Property & Casualty Insurance Top Trends 2021 report to explore the strategies insurers are adapting to remain competitive amidst the evolving business landscape and how they can explore new ways to enhance their profitability.
Sharing with you my dear readers who may find it useful.
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P/S: taken the insurance exam but has yet to practice as an insurance agent.
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P/S: taken the insurance exam but has yet to practice as an insurance agent.
Property & Casualty Insurance Top Trends 2021Capgemini
The Property & Casualty insurance landscape is evolving quickly with the changing risk landscape, entry of new players, and changing customer expectations. The ripple effects of COVID-19 on the P&C insurance industry and natural disasters such as forest fires have adversely impacted insurance firm books.
In this scenario, to ensure growth and future-readiness, the most strategic insurers strive to be ‘Inventive Insurers’ – assuming a customer-centric approach, deploying intelligent processes, practicing business resilience and go-to-market agility, and embracing an open ecosystem.
Read our Property & Casualty Insurance Top Trends 2021 report to explore the strategies insurers are adapting to remain competitive amidst the evolving business landscape and how they can explore new ways to enhance their profitability.
KMEM4212_Applied Vibration_Group Assignment_Report_CL 3Max Lee
KMEM4212 Applied Vibration (University of Malaya)
Co-operative Learning 3 (CL 3)
This report contains a clear methodology that may be helpful for those who wish to run the experiment by themselves.
Sharing with you (Mechanical Engineering students) who may be benefited from it.
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This is my slide deck I prepared for the 30-min pitching training conducted for Tech Planter, an initiative by Leave a Nest (Japan).
I am sharing with you, my dear readers who wish to pitch it right, hope you may find them useful.
Feel free to connect with me at maxermesilliam@gmail.com.
Thesis Title:
Development of an Auto Impact Excitation Device for Operational Modal Testing (Control & Testing)
Supervisor: Dr. Ong Zhi Chao
Grade: A -
I was very grateful for my supervisor's guidance, seriously. He is one of the best lecturers I ever met in UM.
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Frost & Sullivan_Entry Interview Questions (English & Math)Max Lee
Wondering what are the questions asked during the entry interview for Frost & Sullivan (Malaysia)? Take a look at this document.
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This was the slide I prepared for my LCP interview back in 2012.
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My first time drafting an agreement, that was many years ago. It was made for fun and for AIESEC use only.
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Slide_Frost & Sullivan Iskandar Case ChallengeMax Lee
Won 2nd-runner up for the case challenge. Here is the slides I made in advent of the contest.
Here's my entry audio summary: https://www.youtube.com/watch?v=2J5wx-k5Ucg
News: http://www.prnewswire.com/news-releases/frost--sullivan-recognizes-young-talents-at-the-2013-iskandar-malaysia-case-challenge-competition-234549031.html
This is a draft version of the Memorandum of Understanding (MOU) that I drafted (in January 2015) and adapted from a reference. This is the MOU that I created for Tripda, an online carpooling platform.
I am sharing with my readers who may find it useful.
Feel free to connect with me at maxermesilliam@gmail.com.
Sample of a Letter of Request for SponsorshipMax Lee
Every event organizer has to do some fund-raising activities, one of them is to send a direct letter to your prospective companies to ask for sponsorship.
Sharing with you my dear readers who may find it useful.
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INVESTMENT PLANNING 6-Hedgers in the context of futures and options.docxPeterirMBowerv
INVESTMENT PLANNING
6.Hedgers in the context of futures and options refer to
A. a party which either has a current exposure or future exposure in the underlying asset and intend to remove the risk
B. a party who assume a position in the underlying asset with the sole intention of making profit
C. a party that buy and sell an identical product to take advantage of price differential due to market imperfection
D. none of the above
7. The following are all true about unit trusts, except
it is a professionally managed fund
it is a collective investment scheme
it does not depend on funds from unit-holders
it usually holds diversified portfolio of securities
A. i and ii only
B. ii and iii only
C. iii and iv only
D. iii only
8. The trust deed is a legally binding agreement between the manager, trustee and unit- holders. The deed usually covers
how to value and price a unit
the rights of unit-holders
the collection & distribution of income
A. none of the above
B. I only
C. I and ii only
D. i, ii and iii
9. Which of the following does not apply to the unit trusts' manager?
to introduce unit-holders to buy the units of the trust fund at all cost
to manage the fund with high standard of integrity and fair dealing
the manager must exercise due care, skill and diligence in managing the fund
the manager is bound by the Securities Commission (Unit Trust Scheme) Regulation 1996
A. i and ii only
B. ii and iii only
C. iii and iv only
D. I only
10. The trustee is said to be the custodian for all the assets of unit trust schemes. The duty is to ensure that the manager follows strictly the provision of trustee's deed on ...
the creation and cancellation of units
The collecting & distribution of income
proper record keeping of interest
upholding unit-holders' interest
A. none of the above
B. I only
C. i and ii only
D. all of the above
.
1- Refer to the footnote information- gains and losses associated with.pdfEricJQOMurrayo
1. Refer to the footnote information. gains and losses associated with the Plan I and the
Supplemental Plans I are amortized over the A. What is the amount of accumulated benefit
obligation on May 31, 2020 for General average remaining life of the participants. Mills? Plans
with accumulated benefit obligations in excess of plan assets as of May 31, 2020 and May B.
What is the amount of projected benefit obligation on May 31, 2020 for General 26,2019 are as
follows: Mills? 2. Refer to Illustration 17.4--Ways to Measure Pension Obligation on page 984
of our text. What is the difference between how compensation levels are estimated for the
accumulated vs. the project benefit obligation? 3. Refer to the footnote information on
components of benefit expense. How much is the expected return on plan assets? From page 995
of our text, is this amount based upon the actual amount the plan assets increased, or the
anticipated earnings for the plan assets? 4. Refer to the footnote information for the Fair Value of
the Plan Assets. For fiscal 2020 , were the majority of plan assets invest in Level 1 or Level 2
investments? 5. We learned about the levels of investments in ACC 213. What is a Level 1
investment? Explain in your own words. Defined Benefit Pension Plans Components of net
periodic benefit expense are as follows: We have defined benefit pension plans covering many
employees in the United States, Canada, Switzerland, France, and the United Kingdom. Benefits
for salaried employees are based on length of service and final average compensation. Benefits
for hourly employees include various monthly amounts for each year of credited service. Our
funding policy is consistent with the requirements of applicable laws. We made no voluntary
contributions to our principal U.S. plans in fiscal 2020 or fiscal 2019. We do not expect to be
required to make any contributions in fiscal 2021. Our principal domestic retirement plan
covering salaried employees has a provision that any excess pension assets would be allocated to
active participants if the plan is terminated within five years of a change in control. All salaried
employees hired on or after June 1, 2013, are eligible for a retirement program that does not
include a defined benefit pension plan. In fiscal 2018, we approved an amendment to reorganize
the U.S. qualified defined benefit pension plans and the supplemental pension plans that resulted
in the spinoff of a portion of the General Mills Pension Plan (the Plan) and the 2005
Supplemental Retirement Plan and the Supplemental Retirement Plan (Grandfathered) (together,
the Supplemental Plans) into new plans effective May 31,2018 . The benefits offered to the
plans' participants were unchanged. The result of the reorganization was the creation of the
General Mills Pension Plan I (Plan I) and the 2005 Supplemental Retirement Plan I and the
Supplemental Retirement Plan I (Grandfathered) (together, the Supplemental Plans I). The
reorganization was made to.
----------------------------
Intro:
----------------------------
JustNaik (www.JustNaik.com) is a comprehensive suite of digital tools that helps public transport operators (esp. stage buses) of all sizes to uplift service standards and profits.
Intro video: https://youtu.be/T1VyVUMBGB8
.
.
----------------------------
Our Solution:
----------------------------
- **Our Solution**
1. Technologically, our cashless fare collection system is tightly integrated with the banking network to speed up the fare settlement, using [PCI MPoC](https://blog.pcisecuritystandards.org/just-published-pci-mobile-payments-on-cots) ‘tap on phone’ open payment solution (accepts MyDebit, Visa, MasterCard and DuitNow) and innovative ‘scan-and-ride’ account-based ticketing solution.
2. Electronic Ticketing Machine (ETM) supports GPS and offline functions that proves to be extremely helpful for the bus operators in the transportation industry. It also acts as the Driver Console, as well as a ticket validator.
3. Dashboard is a cloud-based centralized management software that hosts transit agencies [GTFS data](https://developers.google.com/transit/gtfs) and a number of functions essential for a smooth operations.
4. Real-time journey planner is FREE to use for passengers to check arrival time (ETA), available in the Google Play Store and [Apple App Store.
.
.
----------------------------
Executive Summary:
----------------------------
Hexon Data (JustNaik) is a leading provider of innovative technology solutions tailored to the public transport industry, with a proven track record of delivering excellence in service and reliability. With an established presence serving the national authority / regulator -- APAD, we are well-positioned to extend our expertise to new projects, including the one at hand.
Our company prides itself on its comprehensive understanding of the intricacies of public transport systems, coupled with a deep commitment to technological advancement. As the sole supplier of existing technology and infrastructure relevant to this project, we offer unmatched proficiency and reliability in execution.
.
.
----------------------------
Our Journey:
----------------------------
Since 2022, we have helped several bus operators in improving service standards, profits and have been proven in achieving 100% consistently in terms of compliance with the number of trips ('trip compliance') in the subsidy fund program by the Public Transport Agency Land (APAD) in Peninsular Malaysia.
KXEX2163 Critical Thinking_Types of FallacyMax Lee
An assignment of the Critical Thinking lecture
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An assignment of the Critical Thinking lecture
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KXEX2163 Critical Thinking_Global Warming ControversyMax Lee
An assignment of the Critical Thinking lecture
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This was a subsidization report, which within it contains practical strategies adapted from global good case practices throughout AIESEC network. Certain ideas are originally coming from myself.
I believe if one is able to understand, then follow, the performance of that LC will improve by leaps and bounds.
For more materials, may refer here: https://drive.google.com/folderview?id=0B07jvxMp6aDPfjZiYjBZOWlQQUxwZ2hkSDJjUmRwaWVqMmh4ejJVR0FIT25ZQVZOX1BwaDA&usp=sharing
Sharing with you my dear readers who may find it useful.
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This is was my LCP application submission.
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In May 2014, I participated in HackathonKL 2014. We formed our own team on random basis, then all of us have interest in building a utility mobile app that helps connecting people within the city.
Status: we did not win, but it is what experience that counts.
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This was the self-written education handbook for Outgoing Exchange department in AIESEC, made for the term 2011/2012.
Cautious. Please use it at your own risk as it may be obsolete.
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This was the old slides used by AIESEC (OGX Dept) in promoting its exchange programmes in term 2011/2012.
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Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdf
PCE Sample Exam_3
1. E & OE (1-June-2000) 1
1. The price of an agricultural property depends on the following factors:
I. The location
II. The mortgage loan amount of the property
III. The value of building
IV. The quality and profitability of crops
A. I, II and III
B. I, II and IV
C. I, III and IV
D. II, III and IV
2. Investment-linked Permanent Health Insurance
I. provide disability income
II. contain cash value
III. no cash value
IV. price is more competitive when compared to traditional with-profit life
insurance product
A. I, II, III
B. I, II, IV
C. I, III,IV
D. II, III,IV
3. What is defined as “the management process for identifying, anticipating and
satisfying customers requirement profitably”?
A. Investment
B. Investment-linked
C. Marketing
D. Marketing investment
4. For single premium Investment-linked life insurance policy, the death benefit is
either one of the following, depending on the company’s policy:
I. The minimum sum assured or the value of the units, whichever is higher.
II. The minimum sum assured plus the value of the units.
III. The sum assured (chosen by the life assured) or the value of the units
whichever is higher.
IV. The sum assured (chosen by the life assured) plus the value of the units.
A. I, II
B. I, III
C. I, IV
D. II,IV
5. What is the second stage in the process of providing advice to customer?
A. Conducting the fact-find
B. Assessing and satisfying customer’s needs
C. After-sales services
D. Making recommendation to the customer
6. Under traditional with-profit life insurance policy
I. the life fund maintains a reserve to help level out the short term fluctuation
in value of the life fund’s investment
II. not maintaining a reserve could mean that the policyowner receive the full
value in a year of high investment gains.
III. not maintaining a reserve could mean that the policyowner suffer in a year
of poor investment conditions
IV. not maintaining a reserve could mean that the full impact of the changes in
investment conditions will be directly borne by the policyowner
A. I,II,III
B. I,II,IV
C. I,III,IV
D. II,III,IV
7. Which one of the following statements about Investment Trust is true?
A. The unit price is recalculated once a week
B. The unit price will be quoted every month in at least one national Bahasa
Melayu newspaper and one national English language newspaper
C. The price reflect the value of the underlying investment
D. The unit price will not fluctuate in line with stock market prices
8. Switches between funds may:
I. be offered free of charge
II. be offered free of charge for a limited number of switches within a given
period and charges imposed for subsequent switches
III. incur a specific charge for each and every switch
IV. incur a specific charge by monthly basis
A. I,II,III
B. I,II,IV
C. I,III,IV
D. II,III,IV
2. E & OE (1-June-2000) 2
9. A cash contract
I. calls for future delivery
II. is used by those who need a commodity now
III. cannot be cancelled unless both parties to the contract agreed
IV. calls for immediate delivery
A. I,II,III
B. I,II,IV
C. I,III,IV
D. II,III,IV
10. The 4 basic forms of life insurance cover include
A. whole life insurance, endowment insurance, mortgage insurance, key
person insurance
B. whole life insurance, endowment insurance, term insurance, annuities
C. term insurance, annuities, medical insurance, health insurance
D. whole life insurance, endowment insurance, term insurance, personal
accident insurance
11. The Enhanced Investment Scheme (EIS) by the Central Provident Fund (CPF) in
1993 which contributed to the expansion in Singapore of the life insurance
industry including Investment-link life insurance business enables
A. all CPF members who retain at least the required minimum sum in their
CPF accounts invest in a new scheme known as the Investment Scheme
(IS)
B. all CPF members be provided with a prospectus that among others
discloses the identity and nature of the insurer's business, how the
premiums are going to be invested, financial information of the insurer,
chargeable fees and expenses and rights of policyowners
C. CPF members who have cash of at least S$50,000 in their ordinary account
to invest 80% of the excess in the ordinary account above S$50,000 in one
or more of the eligible investment instruments
D. all CPF members to invest in all types of life insurance policies except for
endowment policies
12. What are the advantages of unit trust?
I. It allows small private investors who do not have sufficient funds to
receive the benefit of a diversified range and spread of investments
II. It allows small private investors who do not have sufficient time to receive
the benefit of professional investment management
III. Extra cost or charges which must be paid for switching from one fund to
another
IV. It could generate income in the form of dividends, interest and capital
gains
A. I,II,III
B. I,II,IV
C. I,III,IV
D. II,III,IV
13. In times of volatile stock market the policyowner may want to switch all or part of
his investment
A. in cash fund to equity fund
B. in managed fund to property fund
C. in equity fund to cash fund in order to protect the capital value if he thinks
the stock market will crash
D. in balanced fund to equity fund
14. The total relief allowable for all insurance premium on the life of individual on
his/her spouse and on contribution to approve provident funds (e.g. to EPF) in a
basis year is
A. RM3,500
B. RM3,500 plus RM2,000 for children education and medical policies
C. RM5,000
D. RM5,000 plus RM2,000 for children education and medical policies
15. Which one of the following statements which describe the rates of the tax and
relief of Investment-linked life insurance is true?
A. Reviewed biannually by Finance Minister and proposed for that year
B. Reviewed every quarterly by Bank Negara
C. Disposal of units in an Investment-linked life insurance should attract tax
as they are capital receipts
D. Proposed by Finance Minister in the budget for the year and then
incorporated in the Finance Act for that year
3. E & OE (1-June-2000) 3
16. Investors purchasing put option will be hoping that
A. the share price will rise when option is exercised, the premium and the
fixed price will be less than the value of the share
B. the share price will fall when option is exercised, the premium and the
fixed price will be less than the value of the share
C. the share price will rise when option is exercised, the premium and the
fixed price will be more than the values of the share
D. the share price will fall when option is exercised, the premium and the
fixed price will be more than the values of the share
17. Under the single pricing method, Joo Eng pays a premium of RM4,000 for his
single premium Investment-linked life insurance policy. The price per unit is
RM1.00. The life office deduct a charge of 5%. The number of units that Joo
Eng can buy is
A. 4,200
B. 4,000
C. 3,800
D. 380
18. Under the dual pricing method, Mei Lin pays a premium of RM4,000 for her
single premium Investment-linked life insurance policy. The offer price is
RM1.00 per unit. The bid-offer spread was 5%. There was an increase in the
value of the offer price to RM1.20 per unit. The bid price and amount that Mei
Lin will receive if she cash the policy will be
A. RM0.05 and RM2,400
B. RM0.50 and RM2,400
C. RM0.114 and RM4,560
D. RM1.14 and RM4,560
19. The formula for the circulation of Return on Gross Premium (RGP) is:
A. Ending Value of Investment
Beginning Value of Investment
B. Beginning Value of Investment
Ending Value of Investment
C. Offer Price
Bid Price
D. Dual Pricing
Single Pricing
20. Under the single pricing method of his single premium Investment-linked life
insurance policy, John allocated RM4,000 to buy units. The number of units that
John held was 3,800. After 10 years, the unit price was RM1.97. The mortality
charge was 1% and the policy fee was RM100. The Ending value of Investment,
return on Gross premium and Annual Yield is
A. RM7,311.14/1.828 and 0.062 or 6.2%
B. RM7,701.20/1.925 and 0.118 0r 11.8%
C. RM7,486.00/1.871 and 0.087 or 8.7%
D. RM7,311.14/1.924 and 0.118 or 11.8%
21. Under the single pricing method of single premium Investment-linked insurance
policy, the amount of money an Investment-linked life insurance policyowner will
get when withdrawals are made is
A. the number of units withdrawn multiplied by the unit price or in the case of
a fixed monetary amount, the number of units that will be cancelled will
equal to the amount withdrawn divided by the unit price
B. the number of units withdrawn divided by the unit price or in the case of a
fixed monetary amount, the number of units that will be cancelled will
equal to the amount withdrawn multiplied by the unit price
C. the number of units withdrawn divided by the unit price and deduct
mortality charge and policy fee or in the case of a fixed monetary amount,
the number of units that will be cancelled will equal to the amount
withdrawn divided by the unit price
D. the number of units withdrawn divided by the unit price and deduct
mortality charge and policy fee or in the case of fixed monetary amount,
the number of units that will be cancelled will equal to the amount
withdrawn multiplied by the unit price
22. The benefits of investing in Investment-linked life insurance include
I. Policyholders are relieved of the day to day administration of their
investment
II. The funds invested are managed by professional fund manager
III. Investment-linked funds do not offer the policyowner access to diversified
portfolio of investment
IV. Policyowner cannot easily change the level of his premium payment, take
premium holidays, add single premium top-ups, make withdrawals, and
switch his investment between funds
A. I,II
B. I,IV
C. II,III
D. III,IV
4. E & OE (1-June-2000) 4
23. A major difference between traditional with-profit life insurance product and
Investment-linked life insurance policy is
A. Traditional with-profit life insurance policy can reduce in value
particularly when the life fund is being transferred to policy reserve
B. Traditional with-profit life insurance policy can never reduce in value,
provided that the life office is solvent
C. The value of traditional with-profit life insurance policy will fluctuate
greatly depending on the investment performance of the life office
D. The value of Investment-linked life insurance policy can never fluctuate
once the units are added to the policyowner’s policy
24. A well-diversified Investment-linked fund has
A. many professional fund managers who take care of many funds
B. a better risk characteristic than a less-diversified fund
C. a simple designed product which cater separately for investment and
insurance protection
D. provision of flexibility to change the level of premium payment and take
premium holidays
25. Section 7(2)(b) of the Insurance Act, 1996 defines `Investment-linked insurance
business’
A. To mean the effecting and carrying out of a contract of insurance on
human life only where the benefits are, wholly or partly, to be determined
by reference to the value of, or the income from, human life of any
description or by reference to fluctuations in, or in an index of, the value of
property of any description
B. To mean the effecting and carrying out of a contract of insurance on
annuity only where the benefits are, wholly or partly, to be determined by
reference to the value of, or by reference to fluctuation in, or in an index
of, the value of property of any description
C. To mean the effecting and carrying out of a contract of insurance on
human life or annuity where the benefits are wholly or partly, to be
determined by reference to the value of, or the income from, property of
any description or by reference to fluctuations on, or in an index of, the
value of property of any description
D. To mean the effecting and carrying out of a contract of insurance on
human life or annuity where the benefits are, wholly or partly, to be
determined by reference to the value of, or the income from, human life of
any description or by reference to fluctuations in, or in an index of, the
value of property of any description
26. The following statements about investment expertise in Investment-linked is
FALSE
A. Investment-linked funds have professional fund managers who have the
investment expertise to invest the fund to achieve high return over the long
term
B. Investment-linked funds have professional fund managers who have the
investment expertise to invest the fund and always achieve high return
over the short term
C. An ordinary policyowner does not normally has good knowledge of
financial market to invest his money effectively
D. Investment-linked funds have professional fund managers to manage the
funds
27. Customers who have purchased policies from an organisations who are sales-
oriented, usually ended buying policies which
I. they do not understand
II. cannot meet their needs
III. can meet their needs
IV. they surrender for its value or paid-up
A. I,II,III
B. I,II,IV
C. I,III,IV
D. II,III,IV
28. Conducting the fact-finding requires an agent to obtain relevant information like
A. what is the sex of the customer
B. what are the customer’s hobbies
C. what are the customer’s personal details
D. what is the favorite fruit of the customer
29. What is the extra knowledge/requirement needed for an Investment-linked life
insurance agent?
A. All relevant knowledge about technical aspect of life insurance, coverage
and scope
B. All aspects about life cover
C. All aspects of life insurance and legal requirement
D. The financial advice in order to fulfill the customer’s needs
5. E & OE (1-June-2000) 5
30. Ethics should include
I. behaving with complete integrity in an Insurance Agent’s professional life
II. complying with Law and with the best principles and practices relating to
Financial Advice
III. conducting in a Professional and Honorable Manner towards those with
whom Insurance Agent is in contact in Business Life
IV. observing and applying the relevant Codes of Good Practice
A. I,II
B. I,II,III
C. I,III,IV
D. All of the above
31. What are the three components of accessibility of fund?
I. If individual requires the fund in a short period of time
II. Cost or penalty of realising the investment before the maturity period
III. Individual’s attitude towards risk
IV. The initial cost in setting up or buying into the investment
A. I,II,IV
B. II,III,IV
C. I,II,III
D. I,III,IV
32. What are the key considerations in investment?
I. Fund for education
II. Improvement in their financial position
III. Income for retirement
IV. Depositors’ academic qualification
A. I
B. I,II
C. I,II,III
D. All of the above
33. What if an investor has a small amount of free funds?
A. Certain types of investment are not accessible to the investor
B. Most types of investment are not accessible to the investor
C. All types of investment are accessible to the investor
D. Only variable life insurance is accessible to the investor
34. What are the criteria of Investment-linked Permanent Health Insurance
I. Provides health coverage such as disability income
II. Contains cash value unlike traditional health product that does not have
cash value
III. No cash values like traditional health products
A. I
B. II
C. I,II
D. All of the above
35. The policyowner may cash out all his units or partially from his units. These two
processes are known as __________ respectively
A. withdrawal or surrender
B. surrender or withdrawal
C. surrender
D. withdrawal
36. The phrase “Top-Up” in Investment-linked life insurance means:
A. The policyowners pay further premium to purchase additional units of the
Investment-linked fund which will be added to the existing units in the
policyowner’s account
B. The life office maintain reserves to level out short term fluctuation in the
value of Investment-linked fund
C. When the Investment-linked fund value increases, the value of the fund
will also increase
D. The policyowner can change his investment fund to another fund which he
believes to have great opportunities for higher return
37. With dual pricing method, Ahmad has paid RM4,000 premium to buy his single
premium Investment-linked policy. The offer price is RM1 and bid offer spread
is 5%. Assuming the unit price never change, what is the bid price and the
amount that Ahmad will get if he cash in or claim the policy
A. 0.095 and RM3,800 respectively
B. 0.95 and RM3,800 respectively
C. 0.05 and RM2,000 respectively
D. 0.50 and RM2,000 respectively
6. E & OE (1-June-2000) 6
38. Under single premium pricing method, Joo Hin bought a single-premium
Investment-linked policy. He hold 3,800 units at RM1.00 unit price. With 1%
mortality charge and policy fee of RM100, what is the cash value of his policy?
A. RM3,938
B. RM3,800
C. RM3,700
D. RM3,662
39. If the offer price in an Investment-linked policy is RM2.50 and the premium
amount of RM250.00 is used to buy units it will buy
A. 0.01 unit
B. 10 units
C. 100 units
D. 100 units less the unallocated premium
40. Investment-linked funds can be structured into 2 ways
A. Warrant units and right units
B. Investment units and mortality units
C. Accumulation units and distribution units
D. Term units and annuity units
41. As the value of Investment-linked policy depends on the performance of financial
instrument in which the investment is invested
A. fund manager bears the risk and the policyowner bears the benefit of the
policy
B. the life office bears the risk and policyowner bears the benefit of the policy
C. the invested company bears the risk and life office bears the benefit of the
policy
D. policyowner bears both risk and benefit of the policy
42. Currently, financial instrument which Investment-linked Funds are invested
include
I. Cash fund
II. Equity fund
III. Property fund
IV. Balanced fund
A. I
B. I,II
C. I,II,III
D. I,II,III,IV
43. The switching facility in Investment-linked fund allows
A. a life office to switch an Investment-linked life insurance policy to a
traditional with profit endowment policy
B. a life office to switch a single premium Investment-linked whole life
insurance
C. a policyowner to switch part or all of his investment from one Investment-
linked fund to another
D. policyowner to switch part or all of his investment from one life office’s
policy to another life office’s policy at the same premium
44. The performance of an investment depends on
I. a country’s economic factors and past experience of the invested company
II. the competencies and capability of the invested company management
team
III. the number and spread of small-time investors choosing to invest
IV. the invested company’s level of cost and the life cycle of the investment
A. I,II,III
B. I,II,IV
C. I,III,IV
D. II,III,IV
45. The factors that may influence the choice of deposits in a bank include
I. funds available for investment
II. the length of time the funds can be in the account fund available
III. whether emergency withdrawal are likely
IV. the age of depositor
A. I,II,III
B. I,II,IV
C. I,III,IV
D. II,III,IV
46. Among the advantages in investing in shares are
I. Investors are able to participate directly in the future of the invested
company
II. Shares provide good dividends and capital appreciation
III. Shares are very liquid and can be traded in open market
IV. The value of the shares can never go beyond the price at which the share
bought
A. I,II,III
B. II,III,IV
C. I,II,IV
D. I,III,IV
7. E & OE (1-June-2000) 7
47. Unit trust is essentially for
A. two-way arrangements between the investors and the fund manager
B. two-way arrangements between the investors and the trustee
C. three-way arrangements among the investors, the trustee and the fund
manager
D. three-way arrangements among the investors, the trustee and the super
anthority
48. What are the benefits available when investing in Investment-linked funds ?
I. the Investment-linked funds offer policyowners an access to a pooled or
diversified portfolio
II. the Investment-linked policyholder can vary his premium payments, take
premium holidays, add single premium top-ups and change the level of
sum assured easily
III. the Investment-linked policyholder can have access to a pool of qualified
and trained professional fund managers
A. I & II
B. I & III
C. II & III
D. I, II & III
49. Which of the following IS NOT the characteristics of the debenture stocks :
A. If the company defaults on the loan, the investor can take over the charged
properties for sale
B. Debenture stocks pay a variable interest according to the base lending rate
set by Bank Negara Malaysia
C. Trustees are appointed to supervise the company performs its obligation
D. Corporate stocks are less secured compared to government Bonds
50. In United Kingdom, Abbey Life Company marketed one of the most successful
types of Investment-linked life insurance known as _______________.
A. Investment-linked Individual Pension Plan
B. Investment-linked Permanent Health Insurance
C. Investment-linked Dread Disease Insurance
D. Single Premium Investment-linked Whole Life Insurance Plan
51. Regular Premium Investment-linked Whole Life Insurance has one or more of the
following characteristics :
I. premium payment in a lump sum
II. premium payment at a regular interval
III. serves as investment and life protection
IV. no provision for top-ups
A. I, II & III
B. I only
C. II & IV
D. II & III
52. The value of an Investment-linked insurance can be estimated depending on
_________.
I. the value of each of the units
II. the value of the invested shares
III. the number of units the policy has accumulated to-date
IV. the number of shares the policyowner holds in hand
A. I & II
B. III & IV
C. I & III
D. None of the above
53. Investment-linked life insurance products are known for its flexibility. The
followings are its flexible options EXCEPT :
A. Top-ups
B. Withdrawal of units
C. Take premium holidays
D. Fixed unit price
54. A policyowner invested RM5,000 in Single Premium Investment-linked life
insurance product. The unit price is RM1, the mortality charge is 1% and the
policy fee is RM100. In Single Pricing Method, the cash value calculated is
____________.
A. RM5,000
B. RM4,850
C. RM4,950
D. RM4,900
8. E & OE (1-June-2000) 8
55. A policyowner invested RM5,000 in Single Premium Investment-linked life
insurance. The unit price is RM1, bid-offer spread is 5%, the mortality charge is
1% and the policy fee is RM100. In the Dual Pricing Method, the cash value
calculated is
A. RM4,700.50
B. RM4,750.50
C. RM4,650.50
D. RM4,602.50
56. A policyowner bought a Single Premium Investment-linked life insurance product
The death cover is RM50,000. The life office implements the “unit value or death
cover” method of compensation. The policyowner passed away, after the policy
has been in force for two years and the units accumulated were 35,000 in his
investment. The unit price is RM1.25 while bid and offer spread of 5%. In “Dual
Pricing Method”, the policy death benefit compensation will be
________________.
A. RM41,562.50
B. RM50,000
C. RM91,562.50
D. None of the above
57. Traditional Life Insurance policy has the following features EXCEPT:
A. A reserve to smoothen the fluctuations of the investment
B. Never reduce in value unless the life company becomes insolvent
C. Investors may choose a particular investment area which he believes can
offer a good return at that time
D. The value of the sum assured is guaranteed at inception
58. A range of investment choices is available to individual investors. Which of the
following investment choices are considered as liquid assets :
I. cash
II. term deposit
III. current account
IV. Malaysian Government Securities
A. II & III
B. I & II
C. I, II & III
D. IV only
59. “Fixed Income Securities” are a group of investment vehicles in which the
investor has lent money to the issuer. Which of the followings best describe
“Fixed Income Securities”
I. It generates a fixed income
II. It can be traded in Secondary Market
III. It is guaranteed by Bank Negara Malaysia
IV. It may be in short or long term
A. I & IV
B. I & II
C. I, II & IV
D. II, III & IV
60. Government bonds are financial instruments used by government to borrow
money from the public. The bonds usually generate low return and popularly
sought by investors because _____________________.
I. The bonds are considered very safe
II. The bonds can be converted to Government shares
III. Trustees are appointed to supervise the payments
IV. The bonds are very marketable
A. I, II & III
B. II & III
C. I & IV
D. II, III & IV
61. The following statements are the benefits and advantages of Investment-linked
life insurance EXCEPT:
A. The policyowner has access to a “pooled” or “diversified portfolio” of
investments
B. policyowner can easily change the level of premium payment and enjoy
premium holiday
C. regardless of the share market condition, policyholders still get the same
cash value as at inception
D. policyowner gains the benefit of a well diversified Investment-linked funds
managed by professional investment managers with proven track records
9. E & OE (1-June-2000) 9
62. Loan stocks offer higher interest rate compared to Government Bonds. Investors
still have the preference towards government bonds as for loan stocks _________
A. If the company defaults, the investors has no security and may not recover
the capital
B. It is not supervised by Government
C. The company may repay earlier if it wishes
D. It cannot be converted into ordinary shares
63. Convertible stocks offer lower interest rate compared to other fixed income
securities such as loan stock. However, it is still popular among the investors
because _________.
A. The Government guarantees the performance of the company in interest
payment
B. A trustee is appointed to ensure the solvency of the company
C. Investors are given the privilege to redeem capital if the company defaults
D. It may be converted into ordinary share within a stated period
64. Shares of all major public companies are traded in KLSE. Which of the
followings best describe “share” ?
I. It entitles the shareholders to decide on major issues and vote for directors
II. Investors owning the shares are the company shareholders
III. The value of the shares is fixed
IV. Shareholders investment are secured by government
A. I, II & III
B. I & II
C. I, II & IV
D. I, II, III & IV
65. Physical commodities and financial instruments are typically traded in cash
markets. There are two types of cash markets i.e. market for immediate delivery
and market for deferred delivery. These are respectively referred to as
___________ and ____________.
A. Future market, Forward market
B. Spot market, Future market
C. Forward market, Foreseeable future market
D. Spot market, Forward markets
66. Which of the following is/are TRUE descriptions of “shares” ?
Ordinary Shares
I. Dividend is not fixed
II. May get higher dividend than
preference share if profit is
more than enough to cover
preference shares dividend
III. May not recover any capital if
company becomes insolvent
IV. It has market volatility risk
Preference shares
I. Dividend is fixed
II. It would not receive more
dividend than what has already
stated
III. Definite recovery of capital
during insolvency
IV. It has no market volatility risk
A. I & II
B. I, III & IV
C. I, II, III & IV
D. none of the above
67. “Unit Trusts’’ are useful vehicles for small private investors. “Unit Trust” refers
to
A. Some form of loyalty expressed by the public to the Government
B. A type of trust deed signed by an apartment unit owner
C. A pool of funds contributed by many investors held on trust by a trustee
and managed by a professional fund manager
D. A trust signed between a remisier and a shareholder
68. One of the basic forms of life insurance cover is annuity. It may be described as
the opposite of insurance protection. Annuity refers to ________________
A. a contract between insurer and life annuitant whereby a stipulated sum
shall be paid periodically for the duration of survival of the designated life
B. a type of life insurance whereby the policy proceeds is paid in a lump sum
C. a type of life insurance whereby the policyholder is subject to underwriting
annually
D. a type of life insurance whereby the premium gets certain percentage of
discount annually
69. The sum assured is payable only upon the death of the life assured within a
specified period ________________.
A. Endowment Insurance
B. Whole Life Insurance
C. Term/Temporary Insurance
D. Annuity
10. E & OE (1-June-2000) 10
70. The first Investment-linked life insurance contract in the U.K. introduced by
London & Manchester Assurance Company Ltd in 1957 is __________________.
A. Whole Life plan for the self-employed
B. Retirement Plan for the blue-collar group
C. Individual retirement annuity for the self-employed
D. Dread Disease Investment-linked insurance for the potentially ill group of
public
71. In 1977, the first Whole Life Investment-linked life insurance product was
introduced in U.K. It is known as __________________________.
A. London & Manchester Whole Life Plan
B. Spectacular Whole Life Plan
C. Hambro Whole Life Plan
D. Skandia Whole Life Plan
72. Warrants are seldom issued on their own but are often issued free as sweetener to
loan stock. Warrantholders have the option to subscribe the shares in the
company:
I. at a pre-determined ratio
II. at a pre-determined exercise price
III. within a specified time period
IV. at a negotiable price
A. I & II
B. I, II & III
C. I & IV
D. I, II, III & IV
73. Section 7(2)(b) of Insurance Act 1996 defines “Investment-linked insurance
business” to mean ________________
I. as effecting & carrying out of an insurance contract on human life
II. benefits are wholly or partially determined by the income from investment
III. benefits are wholly guaranteed by the insurer
IV. only guarantees payment under certain pre-determined circumstances
A. I & II
B. I, II & IV
C. I & IV
D. I, II, III & IV
74. Bank Negara Malaysia’s circular JPI: 1/1997 on “Specification of Assets for the
Purpose of a Licensed Insurers Margin of Solvency” is not applicable to the
Investment-linked funds and subject to following restrictions:
I. Investments in securities in any one investee should not exceed 5% of the
paid up capital of the investee company
II. Investment in securities in any one investee should not exceed 5% of the
total value of the assets of the fund
III. I & II above depends on whichever is lower
IV. Investments in loans or debentures to any one borrower or group of
borrows should not exceed 5% of the total value of the assets of the fund
A. I, II & IV
B. III & IV
C. II, III & IV
D. None of the above combination
75. “Transparency” is one of the advantages of Investment-linked life insurance
product. The life office must ensure that the sales materials and policy forms
contain the following information:
I. Objective of the fund and the mode of investment income must be
disclosed
II. Policyowner must be informed clearly that investment risk must be borne
by policyowner
III. The basis and frequency of valuation of assets underlying the fund
IV. A maximum amount of initial charge, management fee and etc. to be borne
by policyowner must be stated
A. I, II & IV
B. I, II & III
C. I, II, III & IV
D. None of the above combination
76. Fund Performance Report of the Investment-linked policies forwarded to the
policyowner must clearly include the following information :
I. A summary of the audited financial statement of the fund
II. Trend analysis of the next 2 years
III. List down the potential composition of investments
IV. Any charges levied against the fund during the year
A. I & IV
B. II & III
C. I, II & III
D. I & II
11. E & OE (1-June-2000) 11
77. The third and final stages of the processes in providing financial advice are
making recommendations. When recommending to the customers, agents must
state clearly the following explanation on :
A. the options available and the relative advantages and disadvantages
B. the potential income according to the agents view
C. the chances (in percentage) of meeting the goals of the customers
D. the advantages and disadvantages of all the share counters in KLSE
78. Which of the following describes “Investment-linked life insurance”?
I. The policyowner premiums are used to purchase units of investments after
deduction of all the life office expenses
II. The value of the units directly reflect the values of the underlying fund
III. The benefits are expressed in investment at their market value at the time
the benefits are paid
IV. The policyowner may switch within the funds that they wish to invest
A. I, II & III
B. I, II & IV
C. II, III & IV
D. All the above
79. The following Laws are governing the Investment-linked life insurance in
Malaysia EXCEPT:
A. Insurance Act 1996
B. Companies Act 1965
C. Income Tax Act 1967
D. Companies Act 1956
80. Which of the following are NOT TRUE as regards the characteristics of
Investment-linked life insurance Products :
I. Policy value varies according to the value of the underlying assets of the
investment
II. Premium is fixed based on the chosen sum assured of the policy at
inception
III. Policyowner has the flexibility in changing the premium payments, taking
premium holidays and making top-ups
IV. The Death Benefit is fixed at the inception of policy
A. I & IV
B. II only
C. II & IV
D. I & III
81. En. Ahmad is a teacher and his wife is a Government Servant. They paid
RM10,000 each as Investment-linked insurance premium annually. For tax relief
in the basis year, En. Ahmad and his wife can claim respectively the following :
I. A paid insurance premium up to RM10,000
II. Partial sum on his wife’s insurance premium up to RM5,000
III. Partial sum of the Ahmad’s insurance premium up to RM5,000
IV. Both II & III above
A. I & II
B. I, II & III
C. I, II, III & IV
D. II, III & IV
82. The policyowner noted the possibilities of high return on Fund A compared to
Fund B and Fund C. However, he decides to invest 40% in Fund A, 30%
respectively in Fund B and Fund C. The policyowner splits the investment capital
to several funds instead of putting 100% investment into Fund A after taking the
following into consideration :
A. He trusted all the 3 investment fund managers as they have proven track
records
B. Fund B & C investment returns are as attractive as Fund A and not so
volatile
C. Fund B & C investment portfolios are his favourite investments and the
returns are within his expectations
D. He is diversifying the risk of investment in order to reduce the possibility
of losing all his investment capital
83. Investment-linked Individual Pension Plan has the following features :
I. High allocation of the premiums to investments through accumulation of
fund until retirement
II. A “one-off” premium payment at inception
III. Provide life insurance cover and annuity payments to the policyowners
IV. A guaranteed investment return
A. II & IV
B. I & III
C. III only
D. None of the above
12. E & OE (1-June-2000) 12
84. The following statements are the main objectives of Insurance Act 1996
EXCEPT:
I. The protection of public interest
II. The promotion of fairness and equity
III. Encourage economic development of the country
IV. Fostering high level of professional competence
A. I, II & III
B. I, II & IV
C. I & III
D. None of the above combination
85. Term insurance __________________________.
A. provides for payment of the sum assured when the life assured survives a
specific period
B. is one that if the life assured survives the specified period, the policy
ceases and no return of the premium is given
C. is the most complex and expensive of all the life insurance
D. provides for surrender or cash values on early termination of the insurance
86. In U.S.A, the marketing of variable life product as early as 1976 was pioneered by
______________.
A. Prudential Life Insurance Company
B. Hambro Life Insurance Company
C. Skandia Life Insurance Company
D. Equitable Life Assurance society
87. Surrender charges under the investment-linked life insurance policy __________.
A. are deducted from the value of units at surrender
B. are deducted from the value of units at the commencement of the policies
C. are applicable to policies with no uniform allocation
D. represent initial expenses which have already been incurred and recovered
88. The offer price under an Investment-linked life insurance policy is ____________
A. a fixed amount throughout the life of the policy
B. also known as the bid price
C. the price at which units under the policy are bought back by the life office
D. the price at which units under the policy are offered for sale by the life
office
89. The fundamental differences between traditional with profit life insurance policies
and Investment-linked life insurance policies include _______________.
I. Investment-linked life insurance policies are less likely to offer more
choice in terms of the type of investment funds
II. the investment element of Investment-linked life insurance policies is
made known to the policyowner at the outset and is invested in a
separately identifiable fund which is made up units of investment
III. Investment-linked life insurance policies offer the potential for higher
returns
IV. traditional with profits life policies aim to produce a steady return by
smoothing out market fluctuation.
A. I, II & III
B. I, II & IV
C. I, III & IV
D. II, III & IV
90. The switching facility under Investment-linked life insurance policies is very
useful ______________.
A. for the purpose of assets planning by the trustee
B. for the purpose of profit planning by the life policies
C. for the purpose of financial planning by the policyowners
D. for the purpose of sales planning by the fund managers
91. Investment-linked funds can be invested in any financial instruments including
cash funds, bond funds, property funds, specialised funds and balanced funds.
Equity funds _______________.
A. invest in stocks and shares and the magnitude of the change in unit prices
will depend on the quantity only of the equities held
B. invest in stocks and shares and are inherently of lower risk in nature and
the prices of the stocks and shares are stable
C. invest in stocks and shares and investor who buy such assets usually aim
for capital appreciation
D. invest in stocks and shares and during market recession, such assets are
usually the last to depreciate
13. E & OE (1-June-2000) 13
92. Under the dual pricing method of single premium policies, ________________.
A. the policyowner buys the units at the life office’s buying price and sells the
units at the life office’s selling price
B. the policyowner buys the units at the offer price and sells the units at the
bid price
C. there is only one price quoted whether the policyowner is buying or selling
his units
D. the bid price is always higher than the offer price
93. Investment-linked life insurance policyowners may make withdrawals in term of
_____________.
A. number of units through cancellation of units
B. fixed monetary amount only through reduction of the life cover sum
assured
C. number of units or fixed monetary amount through reduction of the life
cover sum assured
D. number of units or fixed monetary amount through cancellation of units
94. The number of units under a single pricing method single premium Investment-
linked life insurance policy is 3,800 with a sum assured of RM5,000. The offer
price when the policyowner first pays his premium is RM1.00. The unit price at
the time of the policyowner’s death is RM1.22. Under the unit value plus sum
assured type of death benefits, this will result in a death benefit of ____________.
A. RM9,636
B. RM8,800
C. RM5,000
D. RM4,636
95. A market-oriented insurance company would undertake the following functions to
identify and satisfy the marketing strategy. Which of the following is the correct
arrangements to qualify as a market-oriented insurance company :
A. Planning & control – product development – market identification –pricing
–promotion – selection of distribution channel
B. Planning & control- market identification –product development –
selection of distribution channel – pricing promotion
C. Planning & control – market identification – product development –
pricing – selection of distribution channel – promotion
D. Planning & control – market identification – pricing – product
development – selection of distribution channel
96. Traditional with-profit life insurance products, the allocation to policyowners in
the form of bonuses _____________________.
I. are not directly linked to the life offices investment performance
II. have already been smoothened by the life offices
III. do not have the peaks and troughs of investment return as in good
investment years of life offices, contributions have been made to reserves
and vice versa
IV. are not fixed at the inception of the policy, but are greatly dependent on the
investment performance of the life offices
A. I, II & III
B. I, II & IV
C. I, III & IV
D. II, III & IV
97. The administrative fee, insurance charge, fund management fee and the like under
an Investment-linked life insurance policy are ____________________.
A. usually guaranteed
B. not subject to review
C. subject to change by the life office after written notice is given
D. always up-front charges
98. The characteristics of an Investment-linked life insurance policy include _______.
I. its cash value and protection benefits are determined by the investment
performance of the underlying assets
II. its protection costs are generally met by implicit charges
III. its commissions and office expenses are met by a variety of explicit
charges with normally 6 months notice given by the life offices prior to
any change
IV. its cash value is normally the value of units allocated to the policyowner
calculated at the bid price
A. I, III & IV
B. I, II & III
C. I, II & IV
D. II, III & IV
14. E & OE (1-June-2000) 14
99. Reversionary bonus under traditional with profit life insurance policies ________.
A. is paid at the time of death under the life policies or on maturity of the
policies
B. can either be simple (base purely on the original sum assured ) or
compound (based on the sum insured less previous bonuses )
C. once allocated can, however, be removed or reduced when the life office
cannot afford to sustain it
D. is usually expressed as a percentage of the sum assured and will vary in
accordance with the performance of the underlying assets of the unitied
fund
100. The duties of the trustee of unit trust do not include ______________
A. ensuring that the fund manager adhere to the provision of the trusts deeds
B. acting generally to protect the unit-holders
C. holding the pool of money and assets in trust on behalf of the investors
D. managing the portfolio of investments and administering the buying and
selling of shares in the unit trust itself
101. The following statements about taxation are true, EXCEPT
A. capital gain is not taxable
B. capital losses is not tax deductible
C. dividend income is not subjected to withholding tax according to the
prevailing corporate tax rate
D. if personal tax rate is less than corporate tax rate, shareholder is entitle to
rebate on the portion of the dividend paid as tax
102. Different types of Investment vehicles enjoy or suffer a wide range of tax
treatment. The following financial instruments attract tax :
I. Government Security
II. Rated corporate bonds
III. Bonds issued by a company listed in KLSE
IV. Convertible Loan Stock
A. I & II
B. I, II & III
C. IV only
D. All the above
103. Which of the following statements about diversification in portfolio management
is FALSE?
A. diversification can completely eliminate the risk of investing in stocks in a
portfolio
B. diversification helps to spread the portfolio risk by investing in different
categories of investment in a portfolio
C. diversification can involve purchasing different types of stocks and
investing in stocks of different countries
D. a diversified portfolio provides greater security to an investor having to
sacrifice the return for the portfolio
104. Which of the following statements about fixed income securities are FALSE?
I. the interest rate is directly proportional to the price of the bonds
II. the coupon rate is directly proportional to the price of the bonds
III. the longer the maturity period, the more volatile the price of the bonds will
be
A. I & II
B. I & III
C. II & III
D. I, II & III
105. What are the advantages of investing in preference shares?
I. it gives shareholder the right to a fixed dividend
II. has priority over company assets during dissolution
III. they enjoy benefit of capital appreciation
A. I, II
B. I, III
C. II, III
D. I, II & III
106. For life insurance agent to provide effective financial advice when marketing
Investment-linked life insurance product, the following steps must be observed
I. Conducting the fact-finding
II. Assess customer’s needs
III. Satisfy customer’s needs
IV. Decide the best solution for the customer
A. I, III & IV
B. I, II & III
C. I, II & IV
D. II, III & IV
15. E & OE (1-June-2000) 15
107. Investment Trusts ______________________.
I. Pool contributions from investors, and total fund is managed by
professional fund managers, whose function is to buy and sell shares of the
trust to make investment profits.
II. Diversified fund to investors, and total fund is managed by investors,
whose function is to buy and sell shares of the trust to make investment
profits.
III. Makes investment much simpler, more accessible and more cost effective
for small investors.
IV. Uses closed-end funds and do not have to dispose of assets if large
numbers of investors sell their shares.
A. I & II
B. I, III & IV
C. II, III & IV
D. All of the above
108. In Malaysia, unit trusts are authorised and supervised by ________________.
A. Clearing House
B. Securities Act, 1933
C. Securities Commission
D. Securities and Exchange Commission
109. Which one of the following fund is of the highest risk and highest return?
A. Cash Fund
B. Managed Fund
C. Equity Fund
D. Bonds Fund
110. The risks of investing in Investment-linked funds are
I. Value of units of an Investment-linked life insurance policy is not
guaranteed.
II. Stock markets are volatile, the cash values or maturity values of an
Investment-linked insurance policy will rise or fall drastically.
III. greater risk of investment.
IV. Policyowner is relieved of the day-to-day administration of his
investments, which can be complicated affair.
A. I, II & III
B. II, III & IV
C. I, III & IV
D. All of the above
111. A person’s investment horizon will greatly depend on
I. Dependents of the investor
II. Investment objectives of the investor
III. The age of the investor
IV. The current financial condition of the investor
A. I & II
B. I, III & IV
C. II, III & IV
D. All the above
112. The ABC Company uses the Single Pricing method for its Single Premium policy.
The offer price of each unit is RM2.50. If the premium amount used is RM5,000
to buy units, calculate how many units can be purchased?
A. 1,000
B. 2,200
C. 2,100
D. 2,000
113. Which of the followings are related to Investment-linked policy?
I. The value of the Investment-linked policy is linked to units in a special
unitised fund managed by the life office or to the units of an authorised
unit trust.
II. The unit values of Investment-linked policy directly reflect the values of
the underlying funds and fluctuate according to the performance of these
investments.
III. The value of the Investment-linked policy is linked to units in a special
unitised fund managed by the policyowner or to the units of an authorised
unit trust.
IV. The premiums paid by the policyowner are used to purchase units in one of
the insurance company’s investment funds.
A. I, II, III
B. II, III, IV
C. I, II, IV
D. All of the above
114. _______ is market for deferred delivery.
A. Forward market
B. Future market
C. Primary market
D. Secondary market
16. E & OE (1-June-2000) 16
115. Mr. Jackie Chan wishes to deposit his fund in bank account, he needs to consider;
I. Funds available for investment
II. How long the funds can remain in the account
III. Whether emergency withdrawals are likely
IV. Prevailing market conditions.
A. I & II
B. I, III & IV
C. II, III & IV
D. All of the above
116. A “share option” refers to;
A. A financial instrument that gives the investor the right to buy or sell a
given number of shares of the underlying stock at a regular price at future
market.
B. A financial instrument that gives the investor the right to buy or sell a
given number of shares of the underlying stock at a fixed price within a
specified time period.
C. A financial instrument that gives the investor the option to buy or sell a
given number of share of the underlying stock at a regular price within a
specified time period.
D. A financial instrument that gives the investor the option to buy or sell a
given number of shares of the underlying stock at a fixed price at future
market.
Under the dual pricing method of the Single Premium Investment-linked life insurance
policy, Elina invested RM5,000 to buy units. The number of units that Elina held were
4,850 units. 15 years later, the unit price went up to RM1.85. The mortality charge is 1%
and the policy fee is RM100. The bid-offer spread is 5 %. Based on the text, provide
answers for questions 117, 118 & 119.
117. The Ending value of the investment is: -
A. RM8,338.64
B. RM8,438.67
C. RM8,780.68
D. RM8,782.77
118. The Return on Gross Premium is: -
A. RM1.76
B. RM1.74
C. RM1.67
D. RM1.69
119. The Annual Yield is: -
A. (RM1.69)1/15
– 1
B. (RM1.67)1/15
– 1
C. (RM1.76)1/15
+ 1
D. (RM1.74)1/15
+ 1
120. There are 2 types of death benefit offered by Investment-linked Life Insurance
Policies: -
I. Unit value or sum assured or cash bonuses
II. Unit value plus sum assured
III. Unit value or sum assured
IV. Cash Bonus plus sum assured
A. I & II
B. I, III & IV
C. II, III, & IV
D. II & III
121. Which of the following are NOT TRUE:
I. Investment-linked life insurance products guarantee a fixed rate of return.
II. Investment-linked life insurance products are determined by reference to
the value of or the income from property of any description or by reference
to fluctuation, or in an index if, the value of property of any description.
III. Under Investment-linked life insurance products, the death benefit is a
fixed sum assured plus whatever bonuses accumulated up to the date of
death and less whatever outstanding policy loans and automatic premium
loans, inclusive of interests.
IV. Under Investment-linked life insurance products the amount payable does
not depend on the investment performance of the company as it is fixed at
the inception of the policy.
A. I & II
B. I, III & IV
C. II, III & IV
D. II & III
122. Under Investment-linked life insurance policy, the life office must provide a
statement of the investment performance of the fund for the past ________, where
available.
A. 3 years
B. 1 years
C. 5 years
D. 10 years
17. E & OE (1-June-2000) 17
123. Under the business of Investment-linked insurance, which of the followings are
not involved in regulating this business.
I. Insurance Act 1996 and Regulation
II. Legal provisions governing the common law of agency
III. Companies Act, 1965
IV. Contracts Act, 1950
A. I, II & III
B. I, III & IV
C. II, III & IV
D. None of the above combinations
124. Mr. Boon wishes to sell off his coconut plantation. He needs to consider several
factors while he is pricing his plantation. The factors are: -
I. The location of the land
II. The cows and the workers at the plantation
III. The quality of land as reflected on the quality and profitability of the
coconuts it grows
IV. The value of the buildings on the land
A. I & II
B. I, III & IV
C. II, III & IV
D. All of the above
125. Which of the following are the features of traditional with-profit life insurance
products?
I. Premium is determined and fixed at inception and is based on the sum
assured and the expected bonuses payable.
II. “Profits” are added to the sum assured in the form of bonuses
III. Sum assured is chosen by the policyowner at inception and is stated in the
policy schedule
IV. Policyowners are allowed to “top-up” the sum assured at anytime.
A. I & II
B. II & III
C. I, II, III
D. All of the above
126. The following statements about investment expertise in Investment-linked life
insurance is FALSE:
A. Investment-linked funds have professional fund managers who have the
investment expertise to invest the fund to achieve high return over the long
term
B. Investment-linked funds have professional fund managers who have the
investment expertise to invest the fund and always achieve high return
over the short term
C. An ordinary policyowner does not normally has good knowledge of
financial market to invest his money effectively
D. Investment-linked funds have professional fund managers to manage the
funds
127. When an agent misrepresents and induces the policyowner to discontinue an
insurance policy or to have an insurance policy made paid-up in order to purchase
a new policy with another company or the same company, without clearly
informing the policyowner of the differences between the two policies and the
financial consequences of replacing the original policy, it is known as _________.
A. Switching
B. Explaining
C. Investing
D. Twisting
128. Mr. Mark invested RM6,000 in Single Premium Investment-linked life insurance
of Assurance Berhad. The price of each unit is RM1.50, bid-offer spread is 5%,
the mortality charge is 1% and the policy fee is RM100. Use the Dual Pricing
method to calculate the cash value.
A. RM5,540
B. RM5,843
C. RM5,543
D. RM5,840
129. How does the “accumulation units” method of Investment-linked life insurance
works?
A. Income is ploughed back into the fund and the unit price will increase over
the long term
B. Income is distributed to policyowner as additional units; the number of
units will increase over long term when unit price remains unchanged.
C. Income is ploughed back into the fund and the number of the units increase
over the long term
D. Income is distributed to the policyowner, both unit price and number of
units increase over the long term.
18. E & OE (1-June-2000) 18
130. The followings are the examples of Unit Trusts:
I. Amanah Saham National
II. Kuala Lumpur Mutual Fund
III. Amanah Saham Wawasan
IV. Mayban Management Bhd
A. I, II, III
B. I, II, IV
C. II, III, IV
D. I, III, IV
131. What is the extra knowledge/ requirement needed for an Investment-linked life
insurance agent?
A. All relevant knowledge about technical aspect of life insurance, coverage
and scope
B. All aspects about life cover
C. All aspects of life insurance and legal requirement
D. The financial advice in order to fulfill the customer’s needs
132. People generally invest their money to provide :
I. an improvement in their financial position
II. a less comfortable standard of living
III. income during retirement
IV. funds for paying necessary expenses and taxes by the deceased’s family
A. I, II & III
B. I, III & IV
C. I, II & IV
D. II, III & IV
133. What is/are the characteristics of warrants?
I. warrants give the holder the option to subscribe for ordinary shares at a
pre-determined conversion ratio
II. warrants give the holder the option to subscribe for ordinary shares at a
pre-determined exercised price
III. warrants are usually detached from the loan stock and traded separately in
securities market
IV. warrants are issued on their own
A. I only
B. I, II & III
C. I, III & IV
D. I, II, III & IV
134. Diversification in investment involves _______________.
A. reducing the risks of investment by putting the fund under management
into several categories of investment
B. reducing the risks of investment by putting all one’s egg in one basket
C. putting all the funds under management into one category of investment
D. spreading the risks of investment by not putting the fund into several
categories investment
135. The investment returns under an Investment-linked life insurance policy _______.
I. are not guaranteed
II. are fixed at policy inception
III. are linked to the performance of the investment fund managed by the life
office
IV. fluctuate according to the rise and fall of market price
A. I, II & III
B. I, II & IV
C. I, III & IV
D. II, III & IV
136. Which of the following investment vehicles are mainly for capital appreciation
purpose?
A. corporate bonds and preference shares
B. preference shares and ordinary shares
C. corporate bonds and ordinary shares
D. ordinary shares and option
137. Under the Securities Exchange Act 1934 of US ___________________.
I. insurance agents and agency office employees dealing in variable life
insurance must register with the National Association of Securities Dealers
II. insurance companies or the sales company dealing in variable life
insurance must register as a broker-dealer
III. insurance agents and agency office employees dealing in variable life
insurance must pass an examination in securities business
IV. a prospectus disclosing the identity and nature of the insurer’s business
among others must be provided by the insurers to potential client
A. I, II & III
B. I, II & IV
C. I, III & IV
D. II, III & IV
19. E & OE (1-June-2000) 19
138. The term ‘Investment-linked’ in Malaysia shall be similar to the term ‘________’
in the United Kingdom and to the term ‘_____________’ in the United States.
A. Unit-linked and Unit Trust
B. Unit-linked and Variable Life
C. Unit Trust and Variable Investment
D. Investment Trust and Variable Linked
139. Investing in bonds offers the following advantages EXCEPT
A. it is a place of temporary refuge when the investor foresee that the market
outlook is uncertain
B. it offers protection to the principal and guaranteed steady stream of income
C. it enables the investor an opportunity for capital gain
D. it allows the investor a chance for capital preservation
140. Which of the following fixed income securities yield the highest return?
A. government bonds
B. debenture stocks
C. convertible bonds
D. loan stocks
141. Spot market, a type of cash market is___________________.
A. market which quote prices referred to the current market price of an item
available for immediate delivery
B. market for deferred delivery of commodities
C. market that are traceable only from the late 20th
century
D. to establish forward contracts featuring the contract price and future
delivery dates
142. The charge on the initial units under the Investment-linked life insurance policies
_________.
I. will have higher annual management charges such as 6% per annum
throughout the term of the policy contract
II. means that their cash value of the initial units is much lower than their face
value for the years
III. is much less commonly used these date than in the past
IV. bears lighter discontinuance charges
A. I, II & III
B. I, II & IV
C. I, III & IV
D. II, III & IV
143. What are the disadvantages in investing in ordinary shares?
I. dividends repaid not more than the fixed rate
II. investors are exposed to market and specific risks
III. shares can become worthless if company becomes insolvent
A. I, II
B. I, III
C. II, III
D. I, II & III
144. Which of the following is the true statement about warrants or Transferable
Subscriptions Rights (TSR)
A. Investors have to put in a large initial outlay to establish an exposure to the
shares
B. on expiry, warrants which are not exercised lose their value completely
C. like ordinary shares, there is no chance for price recovery
D. by selling the warrants given to an investor in the first instance, the
investor cannot benefit from the capital gain
145. Which of the following investment instruments has both the advantages of capital
appreciation liquidity and inflation hedge?
A. cash
B. bond
C. futures
D. ordinary shares
146. Under a regular premium Investment-linked whole life insurance plan
___________.
I. premium top-ups and holidays, subject to the life office’s administrative
rules are usually allowed
II. life protection is the main objective of the plan with investment as a
nominal purpose
III. withdrawals and surrenders usually after the payment a few years premium
are allowed
IV. a “one-off” premium contribution is made to the policy which uses the
premium to purchase units in an Investment-linked fund and to provide
certain level life cover
A. I, II & III
B. I, II & IV
C. I, III & IV
D. II, III & IV
20. E & OE (1-June-2000) 20
147. Which of the following is/are the main characteristics of Investment-linked life
policies?
I. the policies can be used for investment, as source of regular savings and
protection
II. the cash values and protection benefits are determined by the investment
performance of the underlying assets
III. the net cash values of the policies are the gross cash values shown in the
policy that include reversionary bonus up to the date of the surrender, less
all indebtedness include interest.
A. I
B. II
C. I & II
D. I, II & III
148. The protection costs under an Investment-linked life insurance policy _________.
I. are met by a flat initial charge for regular premium plans
II. are generally covered by cancellation of units in the fund
III. are generally met by explicit charges stipulated openly in the policy terms
IV. vary with age of policyowner and level of cover
A. I, II & III
B. I, II & IV
C. I, III & IV
D. II, III & IV
149. Which of the following statements about switching is/are NOT TRUE?
I. switching facility allows a policyholder the freedom to move part or all of
his money from one fund to another
II. if the company offers only one fund to its policyholders, it will normally
include a switching facility
III. it is advisable for policyholders to switch funds from equity fund to cash
funds in times of volatile stock market
A. I & III
B. II
C. III
D. II & III
150. The criteria for comparing traditional life insurance products with Investment-
linked life insurance products include______________.
I. the life offices management expertise
II. the products investment returns and risks
III. the policies premium computation
IV. death benefit provided under the policies
A. I, II & III
B. I, II & IV
C. I, III& IV
D. II, III & IV
151. Policy fee payable by an Investment-linked life insurance policyowner is to cover
_____.
A. the mortality costs of the Investment-linked life insurance policy
B. the administrative expenses of setting up the Investment-linked life
insurance policy
C. the handling charges by professional investment managers
D. the price for each unit bought under the Investment-linked life insurance
policy
152. Which one of the following BEST describes the policy benefits of an Investment-
linked policy?
A. the policy benefits are guaranteed
B. the policy benefits are payable only on death or disability
C. the policy benefits will depend on the long-term investment of the life
office
D. the policy benefits are directly linked to the investment performance of the
underlying assets
153. The risk/return profile of the following funds in the order of lower to higher level
of risks.
I. Bond funds
II. Cash funds
III. Property funds
IV. Managed funds
A. I, II, III, IV
B. II, I, III, IV
C. II, III, I, IV
D. III, II, I, IV
21. E & OE (1-June-2000) 21
154. Investing in properties can ____________________.
A. provide good capital appreciation and a poor flow of income
B. be high risks investment especially if good repayment methods are
obtained
C. result in easy disposal of the properties during economic recession
D. result in free capital gain through proper mortgaging of the properties
155. Investment-linked funds can be invested in any financial instruments including
cash funds, bond funds, equity funds, property funds, specialised funds, balanced
funds and managed funds. Managed funds _____________________.
A. include funds invested only in equities and bonds
B. include funds invested in fixed proportion of specialised assets, for
example, 70% of the funds are in equities and 30 % in bonds
C. include funds that are restricted to investment in a particular country only
such as the ASEAN Fund, the Emerging Markets Fund and the
International Bond Fund
D. investing in a wide variety of assets, their allocation of funds will depend
on the fund managers’ views of the future prospects of the financial
markets involved
156. The following statements are features of Investment-linked life insurance policies
_________.
I. there is no guaranteed minimum sum assured for the purpose of declaring
bonuses
II. there is no guaranteed minimum sum assured as a level of life insurance
protection
III. each of the policyowner’s money will be used to purchase units, the
number of which is dependent on the offer price of each unit
IV. top-up can be made in order to purchase more units from the Investment-
linked fund itself
A. I, II & III
B. I, II & IV
C. I, III & IV
D. II, III & IV
157. Which one of the following statements about Investment-linked policies and
endowment policies are FALSE?
I. the policy values of Investment-linked and endowment policies directly
reflect the performance of the fund of the life office
II. the premiums and benefits of the endowment policies are determined at the
inception of the policy whereas Investment-linked policies are flexible as
they are account driven
III. the benefits and risk of Investment-linked and endowment policies are
directly transferred to the policyholders
A. I & II
B. I & III
C. II & III
D. I, II & III
158. Under the dual pricing method of her single premium Investment-linked life
insurance policy, Agnes had allocated an amount of RM4,000 premium to buying
units. The number of units that Agnes holds is 4,000. After 10 years, the offer
price is now RM1.97. The bid-offer spread is 5%. The mortality charge is 1% and
the policy fee is RM100. The ending value of investment, the return on gross
premium and the annual yield under Agnes’s policy are _______________.
A. RM7, 701.20, RM1.925 and 0.118 or 11.8% respectively
B. RM 7,486, RM1.871and 0.087 or 8.7% respectively
C. RM7, 311.14, RM1.828 and 0.062 or 6.2% respectively
D. RM7, 311.14, RM1.924 and 0.118 or 11.8% respectively
159. Which of the following statements about single premium Investment-linked
policies are TRUE?
I. the amount of insurance protection is a percentage of the single premium
paid and is subject to a minimum amount
II. top-ups or single premium injections are allowed in the plans
III. the emphasis is normally on investment and life protection
IV. single premium policies must at least have a minimum premium of
RM5,000
A. I & II
B. II & III
C. I, II & IV
D. II, III & IV
22. E & OE (1-June-2000) 22
160. Which one of the following statements about the flexibility features of
Investment-linked policies is FALSE?
A. policyowners have the flexibility of switching from one fund to another
provided it satisfies the companies switching criteria
B. policyowners may request for a partial surrender of the policy and the
withdrawal amount will be met by cashing the units at bid price
C. policyowners can take loans against their Investment-linked policies up to
the entire cash value of their policies
D. policyowners have the flexibility of increasing or decreasing their
premiums for regular premium Investment-linked policies
161. Which one of the following statements is FALSE?
A. for traditional with-profit life insurance, the life office will carry out a
valuation of its assets and liabilities yearly and any surplus may be
allocated to policyholders in the form of bonuses
B. Investment-linked life insurance policies offer investors policies with
values indirectly linked to the investment performance of the life office
C. the investment element of Investment-linked policies varies according to
underlying assets of the portfolio
D. both Whole Life and Endowment policies can be used as an investment
vehicle which the benefits become payable at a future date, either death or
maturity
162. One of the following statements about surrender value under traditional with
profit life insurance products is TRUE.
A. the amount of the surrender value is usually lower than the amount under
without profit policies and it varies with the age of the assured, being
lower at older age
B. the amount of the surrender value is usually equal to the amount under
without profit policies and it varies with the age of the assured, being
lower at older age
C. in the case of with profit life insurance policies, the net cash surrender
value includes the surrender value of the reversionary bonus up to the date
of surrender
D. in the case of with profit life insurance policies, the net cash surrender
value excludes the surrender value of the reversionary bonus up to the date
of surrender
163. One of the followings is true about Investment-linked insurance policy?
A. has no guaranteed minimum death benefit
B. has cash value like the traditional life insurance policies
C. must be issued with a minimum premium of RM4,000
D. must be issued with a minimum death cover of RM5,000
164. Which one of the following statements about the benefits of Investment-linked
fund is FALSE?
A. the fund provides a highly diversified portfolio, thus lowering the risk of
investment
B. the fund relieves the investor from the hassle of administering his/her
investment
C. the fund ensures definite high yield for an investor since it is managed by
professionals who are well-versed in the management of risks of
investment portfolio
D. the fund enables small investor to participate in a pool of diversified
portfolio in which he/she, with low investment capital is unlikely to have
access
23. E & OE (1-June-2000) 23
1. C 41. D 81. D 121. B 161. B
2. B 42. D 82. D 122. C 162. C
3. C 43. C 83. B 123. D 163. D
4. A 44. B 84. D 124. B 164. C
5. B 45. A 85. B 125. C
6. A 46. A 86. D 126. B
7. C 47. C 87. A 127. D
8. A 48. D 88. D 128. C
9. D 49. B 89. D 129. A
10. B 50. C 90. C 130. B
11. C 51. D 91. C 131. D
12. B 52. C 92. B 132. B
13. C 53. D 93. D 133. B
14. D 54. B 94. A 134. A
15. D 55. D 95. C 135. C
16. D 56. B 96. A 136. B
17. C 57. C 97. C 137. A
18. D 58. C 98. A 138. B
19. A 59. C 99. A 139. B
20. A 60. C 100. D 140. D
21. A 61. C 101. C 141. A
22. A 62. A 102. C 142. A
23. B 63. D 103. A 143. C
24. B 64. B 104. A 144. B
25. C 65. D 105. D 145. D
26. B 66. A 106. B 146. A
27. B 67. C 107. B 147. C
28. C 68. A 108. C 148. D
29. D 69. C 109. C 149. B
30. D 70. C 110. A 150. D
31. A 71. C 111. C 151. B
32. C 72. B 112. D 152. D
33. A 73. A 113. C 153. B
34. C 74. B 114. A 154. D
35. B 75. C 115. D 155. D
36. A 76. A 116. B 156. C
37. B 77. A 117. A 157. B
38. D 78. D 118. C 158. C
39. C 79. D 119. B 159. A
40. C 80. C 120. D 160. C