SOFE Certified Financial Examiner SOFA-CFE Exam Practice Test

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Total 415 questions
Question 1

When gross premiums written are reduced by ceded reinsurance premiums in financial statements, the result is termed as:



Answer : A


Question 2

____________ is the reinsurance of part or all of (the insurance provided by) a single policy, with separate negotiation for each cession.



Answer : B


Question 3

The price for granting extended payment terms is called:



Answer : C


Question 4

Proportional reinsurance is defined as pro rata reinsurance.



Answer : A


Question 5

If the return on the investments is negative, _______________ owes the ceding company an amount equal to the negative return.



Answer : B


Question 6

Which is the risk that a security will decline in value over time?



Answer : B


Question 7

Premium which is earned as written is called monthly premium.



Answer : A


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Total 415 questions