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Meaning of actuary



 
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Meaning of actuary #1 (permalink) Wed May 03, 2006 3:31 am   Meaning of actuary
 

Business English Lesson, Advanced Level

ESL/EFL Test #129 "Insurance Policy Vocabulary", question 5

The amount of money that my wife will get has already been calculated by State Ranch's ..........

(a) manager
(b) archivist
(c) actuary
(d) agent

Business English Lesson, Advanced Level

ESL/EFL Test #129 "Insurance Policy Vocabulary", answer 5

The amount of money that my wife will get has already been calculated by State Ranch's actuary.

Correct answer: (c) actuary

Your answer was: incorrect
The amount of money that my wife will get has already been calculated by State Ranch's agent.
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What does actuary mean?
frank
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Actuary #2 (permalink) Wed May 03, 2006 3:42 am   Actuary
 

Hello,
An actuary is a professional who calculates financial risks and probabilities for people or companies. Sometimes they work for insurance companies, banks or anyone who wants to know what kind of financial risk or gain is involved.
I hope that helps.
Linda

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Linda Arlia

Joined: 20 Apr 2006
Posts: 656
Location: Canada

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