Free SOFE Certified Financial Examiner SOFA-CFE Exam Questions

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

What is based on the principle that for a service rendered (i.e., the payment of the indemnity claim), the insured assigns to the insurer any rights that may inure to the insured from third parties.

A technique for analyzing the percentage change in individual financial statement items from one year to the next in known as:

A process in which whereby an issuer floats a second bond issue and uses those proceeds to escrow a sufficient amount of U.S. Treasuries to ensure that a call date and price can be met is called:

The premium which is earned over the contract period in relation to the expiration of risk is known as:

For bonds, which of the following is NOT the key component of market risk?

A swap is an agreement between two or more parties to exchange payments based on the performance of underlying interests.

A technique for analyzing the relationships between the items on an income statement, balance sheet, or statement of cash flows by expressing components as percentages is called:

_____________ can increase by dividing the data into homogeneous blocks or by increasing the amount of relevant data in each block.

Under _________________, assets are defined as probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

Which of the following two factors cannot be repaid unless the surplus of the company is in excess of its required minimum?

A company normally will generate maximum after-tax return on investments by investing in tax exempt instruments.

What is defined as the difference between the tax basis of an asset or liability and its reported amount in the financial statements that will result in taxable or deductible amounts in future years?

Responsibilities for safeguarding the company's assets, safeguarding critical transaction processing areas and procedures, internal control guidelines and policies are all most significant tasks performed as part of

The primary victim of what is not the employer but the insurance carrier for the employee?