10.  You're an actuary at a medium-sized insurance company, in
product   development, assigned to design a new UL product.  Design it,
list all   concerns that affect and don't affect the product, quote all
regulations   in each state and foreign country (including the Geneva
Pact's Article   XIV regarding International Waters, Article XXVI
regarding Unexplored   Caves in Antarctica and Article XLVIII regarding
Lunar Landings and Life   Insurance Sales Therein) and make a list of
all adjectives that could   describe the product and a second list of
all those that could not   describe it.

9.  You're the CEO of a large company and you own 25% of its stock.  You
fucked up big-time and the stock's gonna bottom out when earnings get
reported in 20
hours.  Describe your method for cashing in your stock   and leaving
the country without getting caught.  Be specific.

8.  You're an actuary for a large insurance company.  You have a choice
of mascots:
an umbrella, a tree, a rock, Snoopy, a pair of hands,   another rock,
the Sun or a pile of horse poop.  Which do you choose?

7.  You're an actuarial student taking an exam.  The next question says,
"You're
an actuarial student about to fail an exam.  What do you do?"   Well,
what do you do?

6.  You're an actuary for a medium-sized insurance
company expanding its   operations overseas.  Name all the seas.

5.  You're an actuary at a small insurance company because none of the
big firms wanted to hire your dumb ass.  Your assignment is to design a
term life insurance product.  The term is 2 hours.  Design the product,
register it, market it and sell as many as you can before the exam is
over.  Hand in your premium to the proctor at the end of the exam.  If
anyone dies before then, pay the claims before handing in the premium.
Do not kill other students' policyholders.

4.  You're not an actuary, but you play one on t.v.  Your next line is,
"Our surplus is way too low this year."  Read this out loud and repeat   it
until the
proctor tells you to stop.  Loudest one wins.

3.  You're an actuarial student whose "desk" is in a cubicle 3 ft wide
and 2 ft
long, which you share with another student, who is on top.   Describe
how you get into and out of it each day.

2.  You're an actuary with pasty hair, body odor and no personality.
What's up with that?

1. You're a new FSA (passed all the exams) who just ended 7 years of
studying for exams to get a crappy certificate that may or may not spell
your name
correctly. Describe your regret in detail.    Good luck, kids

The following was suggested as a more realistic alternative to ?1
Question ?1 -  7 years??  I wish.  The question should read: You've
been   taking actuarial exams for 7 years with no end in sight.
Describe how   you feel when someone who started two years ago has
finished.  Show all   work.