Test 2, Thursday 11/19, 7:00-9:00, (PM), HAAS G066
The test covers premiums (6.1-6.4 in Bowers), variances of insurance, annuities, and the loss function, . You certainly should know the definition of the various loss functions and their meaning. e.g. MLC11, # 11. It does NOT include percentage premiums or reserves which will be on the final. Study questions 3(a), (b) and 4 from Test 1, 2007 and those questions from Test 2, 2007 which don't ask about reserves. Be sure to study the homework including the Sample MLC questions. As with the last test, the actual test will be more in depth than the posted tests.