ATI TEAS Reading Related

Review ATI TEAS Reading related questions and content

When selecting a career path, it's important to explore the various options available. Many students entering college may shy away from a major because they don't know much about it. For example, many students won't opt for a career as an actuary, because they aren't exactly sure what it entails. But in doing so, they are missing out on a career that is very lucrative and in high demand. Actuaries work in the insurance field and assess risks and premiums. The average salary of an actuary is $100,000 per year.

What is an actuary?

  • A. A doctor who works in a hospital.
  • B. The same as a hospitalist.
  • C. An insurance agent who works in a hospital.
  • D. A person who assesses insurance risks and premiums.
Correct Answer: D

Rationale: An actuary is a person who assesses insurance risks and premiums. This is the primary role of an actuary, involving the analysis of financial consequences of risk. Choice A is incorrect as actuaries are not medical professionals. Choice B is incorrect as a hospitalist is a physician who works in a hospital, not related to actuarial work. Choice C is incorrect as actuaries are not insurance agents; they focus on risk assessment and not sales.