Category: Uncategorized

As of 2015, the primary regulator of both the life and property-casualty insurance industry is/are the _______.

Suppose an individual invests $10,000 in a load mutual fund for 1 year. The load fee entails an up-front commission charge of 5% of the amount invested and is deducted from the original funds invested. In addition, annual fund operating expense (or 12b-1 fee) is 1%. The annual fees are charged on the average of the beginning and ending value of the fund. Investments in the fund return 10% per annum, on the last day of the year.Answer the following questions:(1) After paying the up-front commission fee, what is the investable fund at the beginning of the year? (2 points)(2) What is the compounding value of the fund at the end of the year? (2 points)(3) What is the annual fund operating expense of this one-year investment? (2 points)(4) What is the net asset value of the fund at the end of the year? (2 points)(5) What is the annual return of this one-year mutual fund investment? (2 points)

Hedge funds located outside the United States and structured under foreign laws are called _________.

Which of the following is the primary regulator (s) of mutual funds?

The practice that involves short-term trading of mutual funds seeking to take advantage of short-term discrepancies between the price of a mutual fund’s shares and out-of-date values on the securities in the fund’s portfolio is called _______.

A life insurance policy that combines pure insurance with a savings element for some specified period of time is _______.

A best-efforts offering of a security is more risky for an investment bank than a firm commitment offering.

If losses on a particular line of fire insurance were $430 million, premiums earned were $595 million, and loss adjustment expenses were $95 million, the combined ratio would be _______.

Premiums received before the coverage period are termed _________.

Blood is classified based on the presence or absence of antigens on the surface of what?