BattleActs Sample Exam Questions

stratthixx

Q2b

Stating that employment cannot be used should still be correct, right?

Q3

a) Wouldn't license and any passenger info (i.e. injuries and who they are) also be info that is needed?

c) Would the fact that ride-sharing insurance is required, while UBI is not (you can get traditional insurance), count?

23c

I feel that the answer lists considerations on ENIDs rather than ways they can be identified. I listed bluesky-thinking, analyzing emerging risks, industry data instead. Is this correct?

Overall, I expect the real exam to be much more difficult. Perhaps I feel this way because I always choke when it comes to the real thing. I think the real exam will give us more complex calculations and more Bloom's questions instead of lists.

I got 60.5/70, but still don't feel confident given my history of performance come the real day.

graham

Practice exam for 2019.Fall

2b

• I admit that I was trying to trick you here. You are correct that employment cannot be used but the question didn't specifically say that employment was used directly. The question asked if the rate decrease was permitted, and the answer gave a plausible explanation for why it would be.
• In general, these prohibitions are designed to protect the consumer and that usually means protection against unreasonable increases. Regulators aren't likely to see it as a great problem when rates decrease (unless the insurer is using artificially low rates to drive competitors from the market and then increase the rates once the competition is gone. But that's another thing entirely.)
• I wouldn't overthink this problem because like I said, I was trying to trick you. The key fact is that an insurer cannot use employment as the sole reason to increase rates.

3

• part (a): You're right that other things like license and passenger info would be needed, but you would likely not get credit for that on the real exam. The reason is that all accidents require that info. This question wanted the extra information that would be required if a TNC were involved. It's true that I didn't specify that in the question but there have been similar exam questions on UBI in the past. You just had to realize they wanted the extra stuff related to UBI, and not just the "normal" stuff.
• part(c): You are correct. There are probably many other valid answers that I didn't list (or even think of myself.)

23c

• At the risk of being rude, this reading and the exam questions from 2018.Fall are a total clusterfuck. I explained why I think that in the wiki article. On the 2018.Fall exam, the examiners accepted a wide range of answers, and I think they're likely to do the same in the future.
• I checked the source text, and "bluesky thinking" seems to be listed as a reason for trying to identify ENIDs. But it isn't itself a method for identifying ENID. So I wouldn't accept that it I were the grader.
• I would accept analyzing emerging risks however. My answer in the practice exam didn't cover all possible answers. There are probably many ways to give an acceptable answer so don't worry too much if I didn't list your answer in my solution.
• Industry data is probably also a valid answer, but I would want to see a little more explanation, like "use industry data to identify events that could potentially happen to our company as well."

I think if you scored 60.5/70, which is 86%, that's very good. I realize my practice exam is easier than the real exam. I could make my practice exam harder by inventing "strange and unusual" questions, but I didn't want to make people study "weird stuff" that wasn't likely to appear on the exam.

The purpose of the practice exam is to give you my predictions for likely topics and questions. If you can do those, you have a solid foundation for the real exam. Even the weird and difficult questions on the real exam have a basis in easier problems. So if you're solid on the easier problems, you'll have a good chance on a hard problem. At the very least, you can write down and apply the relevant formulas. Even if you don't fully solve the problem, you'll get good partial credit. Sometimes that's the best you can hope for.

Remember that everyone is in the same position. And to a large degree, you're competing against the other candidates, not just against the exam. I would say that your score on the practice exam (provided you didn't use your notes while you were doing it) indicates you're in good shape for next week. There is always a certain amount of luck involved, but you've done everything you can do. Make sure you study the time management tips, keep your wits about you on exam day, and you'll maximize your chances of a good result!

stratthixx

Thanks for your reply, and the vote of confidence. I feel like that's the only thing I'm lacking haha.