IFoA Exam IFoA_CAA_M0 Topic 10 Question 49 Discussion

Actual exam question for IFoA's IFoA_CAA_M0 exam

Question #: 49
Topic #: 10

An insurance company sells policies where, for each policy, the policyholder pays the first 50 of the cost of any claim. A claim reported to the insurance company takes some unknown value x.

Identify which of the mathematical expressions below represents the cost in to the insurance company of the claim.

Ax - 50

Cmax(x, 50)

Dmax(x - 50, 0)

Show Suggested Answer

Suggested Answer: D

by Derick at Oct 20, 2023, 06:07 AM

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