Free SOFE SOFA-CFE Exam Actual Questions

The questions for SOFA-CFE were last updated On May 4, 2024

Question No. 1

Probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events is called:

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Correct Answer: A

Question No. 2

What are recognized and accepted by state insurance departments in evaluating the solvency of an insurer for statutory accounting purposes?

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Correct Answer: C

Question No. 3

What do not contribute to an insurer's solvency as measured by statutory accounting requirements?

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Correct Answer: B

Question No. 4

_____________ is defined as an existing condition, situation, or set of circumstances involving uncertainty as to possible loss to an enterprise that will ultimately be resolved when one or more future event(s) occur or fail to occur.

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Correct Answer: B

Question No. 5

Any securities representing a creditor relationship, whereby there is a fixed schedule for one or more future payments are called:

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Correct Answer: D