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Financial Certified iner SOFA-CFE Dumps in PDF

Free Financial SOFA-CFE Real Questions (page: 2)

SOFA-CFE PDF — 416 Questions

Any real estate which is owned by and more than 50 percent occupied (based on rentable square footage) by an insurer and its' affiliates is considered property occupied by the company.

  1. True
  2. False

Answer(s): A



A market quote or an appraisal is used to determine what of property held for sale?

  1. cash equivalents
  2. annual fair value
  3. property value
  4. current fair value

Answer(s): D



All investments with remaining maturities (or repurchase dates under repurchase agreements) of one year or less at the time of acquisition are called:

  1. Insured investments
  2. Long-term investments
  3. Short-term investments
  4. Cash investments

Answer(s): C



What represents balances due from brokers when a security has been sold, but the proceeds have not been received?

  1. Payable for securities
  2. Receivable for securities
  3. Security balancing
  4. Premium security

Answer(s): B



Balances due within thirty days of the settlement date are included as a receivable for securities.

  1. True
  2. False

Answer(s): B



When the insurer or the intermediary may prepare a monthly recapitulation of premium and commission transactions between the parties, commonly called:

  1. account current
  2. account reimbursement
  3. balance share
  4. premium debts

Answer(s): A



What include balances due from the insurer's brokers (collectively referred to as agents' balances) for premium on policies written?

  1. collected premiums
  2. account premiums
  3. Direct balance
  4. Agents' balances

Answer(s): D



The asset classification of funds held by or deposited with reinsured companies occurs when:

  1. the reporting entity has assumed insurance from only one insurer that owes it funds, according to the payment agreement.
  2. the reporting entity has assumed reinsurance from one or more other insurers that owe it funds, according to the reinsurance agreement.
  3. the reporting entity has assumed reinsurance necessarily from more then one insurers that owe it funds, according to the interest charges.
  4. the reporting entity has assumed authority from one or more other insurers that owe it funds, according to the deposited funds.

Answer(s): B



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