SOFE Accredited Financial Examiner AFE Exam Questions

With the advent of adjustable rate mortgages, amortization schedules are adjusted periodically as dictated by the terms of the loan agreement. A _____________file is used to indicate when to adjust the rate. Most computer software systems can adjust amortization schedules by reminding the company of change dates, accept current rate adjustments, and to produce new schedules.

A package of coverage including most property and liability coverage except workers' compensation, automobile insurance and surely bonds is called:

The arrangements by which pools manage separate accounts for each pool member from which the losses of that member are paid is called:

Asset/Liability Management recognizes that the financial impact of an asset or liability is mainly realized through its:

Special surplus funds are portions of surplus allocated or appropriated for a specific purpose. Special surplus funds usually are allocated voluntarily but also may be required by an insurance regulator. Which one the following is NOT an example of special funds:

For reinsurance assumed, the concepts analogous to attachment points and limits.

Which of the following is NOT the way to make changes in variables that can be considered in the loss reserving process?