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SOFE AFE Questions Answers

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Question 32

Reduction for salvage is:

Options:

A.

the estimated amount payable by the vendor from the disposition of damaged or recovered property

B.

the actual amount receivable by the claimer from the temperament of damaged property

C.

the actual amount payable by the investor from the disposition of damaged or recovered property

D.

the estimated amount receivable by the insurer from the disposition of damaged or recovered property

Question 33

The arrangements by which pools manage separate accounts for each pool member from which the losses of that member are paid is called:

Options:

A.

employee pools

B.

claim-serving pools

C.

singular entity pools

D.

None of the above

Question 34

Which of the following is NOT included when initial acquisition of Subsidiary, Controlled and Affiliated Entities (SCA) is recorded as the sum of?

Options:

A.

any cash payment

B.

the fair value of other assets distributed

C.

the fair value of any expenses

D.

any direct costs of the acquisition

Question 35

The two most common types of dollar rolls are:

Options:

A.

Fixed-coupon and yield-maintenance agreements

B.

Variable-coupon and yield-maintenance agreements

C.

Fixed-coupon and Accounting agreements

D.

Variable -coupon and Principal agreements

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Exam Code: AFE
Exam Name: Accredited Financial Examiner
Last Update: Apr 29, 2024
Questions: 286
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