Which authority inspects and supervises Mexican insurance and surety institutions and issues the Circular Única de Seguros y Fianzas (CUSF) that develops the LISF?
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Question · Easy
Under LISF Article 201, who may prepare and sign the nota técnica of an insurance product?
Question · Medium
Under Article 9 of CONAC's Reglamento para la Certificación Profesional de Actuarios (CONAC-CPCS-001-02), what must a candidate achieve to pass the Examen de Certificación (EXC)?
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Under Article 10 of the CONAC certification reglamento, which specific functions does the certificate state for registration before the CNSF?
An insurer discovers that the insured omitted a material fact asked about in the application questionnaire. Under Articles 47 and 48 of the Ley sobre el Contrato de Seguro (LCS), what may the insurer do?
In which situation does LCS Article 50 bar the insurer from rescinding a contract, despite an omission or inexact declaration by the applicant?
Question · Hard
A policy's premium (or an installment) is not paid and the contract does not state a payment term. Under LCS Article 40, when do the contract's effects cease automatically?
Under LCS Article 25, what can an insured do if the policy delivered does not match the offer, and within what period?
Under LCS Article 81, when do actions arising from an insurance contract prescribe?
An insured dies by suicide 18 months after a life policy was issued. What does LCS Article 197 require of the insurer?
A building with a real value of MXN 8,000,000 is insured for MXN 6,000,000, and the policy has no clause departing from the default rule. A partial fire loss of MXN 2,000,000 occurs. Under LCS Article 92, how much does the insurer pay?
Under LISF Article 25, which of the following is a ramo of the operación de daños?
What does LISF Article 26 establish about combining operations within one insurance institution?
An insurer files an adhesion-contract product with the CNSF that meets all registration requirements. Under LISF Article 204, what follows?
An insurer sells an adhesion-contract product that should have been registered with the CNSF but was not. Under LISF Article 202, what is the status of the contract?
Under CUSF Chapter 3.5, which responsibility belongs to an insurer's función actuarial?
Under LISF Article 237, which condition must an insurer demonstrate to obtain CNSF authorization for an internal model to calculate its RCS?
According to LISF Article 235, what confidence level and horizon does the requerimiento de capital de solvencia (RCS) use for unforeseen losses, except for risks whose nature calls for other periods?
In the three-pillar solvency framework that the LISF and CUSF adopted, which elements make up Pillar I?
For which types of insurance does LISF Article 234 require the RCS to be calculated only with the fórmula general, ruling out an internal model?
Under LISF Article 201, which three elements make up an insurance product that an institution offers to the public?
Notas Tecnicas Tarificacion
Which item must a nota técnica express under LISF Article 201, fraction I?
A private-car portfolio has an expected claim frequency of 0.08 claims per vehicle-year and an expected severity of MXN 25,000 per claim, with frequency and severity independent. What is the pure risk premium (prima de riesgo) per vehicle-year?
An actuary sets the tariff premium P for a fire product whose pure risk premium is MXN 8,000. The loadings are expressed as percentages of P: acquisition 15%, administration 10% and profit 5%. What is P before taxes?
A one-year term life policy with sum insured MXN 500,000 is issued at age 40. With q40 = 0.0024, an annual interest rate of 6% and the benefit paid at the end of the year of death, what is the net single premium?
In collective risk theory for non-life pricing, which distribution is the standard starting model for the number of claims in a period, before any adjustment for overdispersion?
For large liability or property claims, which severity distribution has the heavy polynomial tail that is often used to model extreme individual losses?
In a multiplicative GLM tariff for claim frequency, which combination of distribution and link function is the usual choice?
In a level-premium whole life policy, how does the net level premium compare with the one-year natural premium in the early policy years, and why?
Which non-forfeiture option uses the policy's net surrender value as a single premium to keep the original sum insured as term cover for as long as that value will buy?
A life policyholder pays three consecutive annual premiums and then stops paying. What does LCS Article 192 provide?
Under LCS Article 195, which contract does not oblige the insurer to grant guaranteed values (valores garantizados) for the death case?
A gastos médicos mayores policy has a deductible of MXN 20,000 and 10% coinsurance on the amount above the deductible, capped at MXN 40,000. A covered event produces eligible expenses of MXN 320,000. How much does the insured pay in total?
Which automobile rating mechanism adjusts each policyholder's premium over successive periods according to that policyholder's own claim history?
A group's observed loss ratio is 75%, the manual (prior) loss ratio is 60%, and the credibility factor is Z = 0.40. What credibility-weighted loss ratio should the actuary use?
In commutation-function notation with v = 1/(1 + i), how is Dx defined?
In standard life-contingency notation, what does Ax represent?
At an interest rate of 5%, a whole life annuity-due at age x has äx = 15.0. Using the identity linking insurance and annuities, what is Ax?
Using the same basis (i = 5%, äx = 15.0, Ax = 0.285714), what is the annual net level premium, payable in advance for life, for a whole life policy with sum insured MXN 1,000,000?
A 10-year pure endowment pays MXN 100,000 if a life aged 50 survives to 60. With a survival probability of 0.94 and an interest rate of 5%, what is its net single premium?
A mortality table shows l40 = 95,000 and l41 = 94,772. What is q40?
Which risk affects a life product when more policyholders surrender or lapse in the early years than the pricing assumed, leaving acquisition costs unrecovered?
Why do contributory group life plans usually require a minimum participation percentage of eligible employees?
An actuary prices a life annuity with a static mortality table and ignores future improvements in life expectancy. What is the likely effect?
What is the main actuarial purpose of a waiting period (periodo de espera) for certain conditions in a health product?
How is the loss ratio (índice de siniestralidad) used in non-life experience analysis usually defined?
A line has earned premiums of MXN 9,000,000, incurred claims of MXN 6,300,000, acquisition costs of MXN 1,350,000 and administrative expenses of MXN 900,000. What is its combined ratio?
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