IAI CP1 Practice Questions - IAI Subject CP1 Actuarial Practice Exam

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Which of the following is the BEST example of a 'principal' (as opposed to an agent) in the context of actuarial advice?

The trustees of a pension scheme commissioning the work A consulting actuary engaged by a pension scheme An auditor reviewing the actuary's report A software vendor supplying the valuation model

Correct Answer:

The trustees of a pension scheme commissioning the work

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