The Primary Function of an Actuary Is to

question 5

Multiple Choice

The primary function of an actuary is to

• A)adjust claims.
• B)determine premium rates.
• C)negotiate reinsurance treaties.
• D)invest insurance company assets.

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Definitions:

Subsurface Material

Refers to the layer of soil, rock, and other materials that lie beneath the surface of the Earth.

Groundwater

Water found below the surface of the earth, existing within spaces in soil and cracks within rock structures.

Sand and Gravel

Loose granular materials consisting of rock fragments. Sand particles are smaller than gravel particles.

Groundwater Flow

The movement of water through the pore spaces and fractures in underground soil and rock layers.