SOFE Accredited Financial Examiner Exam Practice Test

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Total 286 questions

Question 1

National Association of Insurance Commissioners stated that, has no effect on the valuation of securities for statutory accounting purposes, provided the amount of the collateral at least equals the required collateral.

Answer : D

Question 2

What represent legal agreements between buyers or sellers and represent commitments to buy or sell financial instruments at specified dates and prices?

Answer : A

Question 3

The options for securities that insurance entities own and can deliver if the options are exercised by the option buyers are called:

Answer : B

Question 4

Insurance entities usually write covered-call options because they consider the premium received for writing the options to be either:

Answer : D

Question 5

What encompasses investment income and gains and losses, as well as custody of investment and recordkeeping?

Answer : C

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Total 286 questions