AFE Exam Dumps - SOFE AFE Designation Questions and Answers

For purposes of establishing an appropriate financial statement reserve, the most important factors to consider are:

Lines of insurance in which claims are settled relatively quickly are called:

The agents submit to the insurance entity a statement of all policies issued or due during the current month, and the net amount of the statement is subsequently to be paid in accordance with the agency agreement, is an account current of:

Financial Statements provide additional valuable information on the loans. Some of the more significant information provided includes EXCEPT:

It refers to items such as interest paid on proceeds from the date due to the date actually disbursed, and to interest on premium deposit funds. These interest items are reflected by the increase in reserves or liability, from one year to the next. What is it?

In determining whether an operation is self-sustaining or integrated, what you do not need to consider is:

________ allow investments to be made, up to a certain percent of invested or total admitted assets, in assets that do not otherwise meet regulatory requirements. If their domiciliary jurisdiction regulations have a this, a life insurer with a business purpose for doing so can make a limited amount of mortgage loans that do not meet regulatory requirements without a reduction in surplus. However, some jurisdictions do exercise some extraterritorial jurisdiction related to it.

What is applied to the sale of all or a block of an entity’s insurance in force of another entity?

The Appointed Actuary has a responsibility to express an opinion on the appropriateness of certain actuarially determined amounts in the financial statements.

In what, securities involve in repos are not delivered on the settlement date of the agreement and the contract may be extended upon mutual agreement of the buyer-lender and seller-borrower.