Financial Certified iner SOFA-CFE Dumps in PDF

Free Financial SOFA-CFE Real Questions (page: 16)

What provides the insurance company with the ability to electronically send the bank daily listings of issued checks?

  1. wire transfers
  2. pay pal
  3. Positive pay
  4. structuring transfers

Answer(s): C



Which reports are also generated to indicate results from each rein surer by policy year or accident year?

  1. Individual Risk Experience
  2. Reinsurance Recoverable
  3. Ceded reinsurance experience
  4. Policy Year

Answer(s): C



There are two periods of time over which claims are analyzed:

  1. mortgage year and policy year
  2. accident year and policy year
  3. accident year and ceded year
  4. adjusting year and sales year

Answer(s): B



Property-casualty insurance companies derive investment income from which of the following primary source?

  1. investment of shareholder capital
  2. investment of policyholder funds
  3. Both A and B
  4. neither A nor B

Answer(s): C



The price of money consists of which elements?

  1. intrinsic value of money
  2. inflation premium
  3. risk premium
  4. All of the above

Answer(s): D



In the financial community, unsecured promissory notes of corporations are known as:

  1. commercial paper
  2. risk-based factors
  3. risk premiums
  4. unrealistic bonds

Answer(s): A



What provide yields competitive with commercial paper, are interest-bearing instruments issued by banks?

  1. Money market
  2. Deposit-Draft
  3. Certificates of deposit
  4. Mutual funds

Answer(s): C



The bills that are sold at a discount to face value to yield the market rate over their life are called:

  1. Capital bills
  2. Treasury bills
  3. Collateralized bills
  4. Subsidiary bills

Answer(s): B



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