Free SOFE AFE Exam Actual Questions

The questions for AFE were last updated On Nov 18, 2024

Question No. 1

What is the second-order measure of the interest rate sensitivity of an instrument and the sensitivity of duration to changes in interest rates?

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Correct Answer: B

Question No. 2

In which account current, for individual policies, the agent collects the premiums directly from the insureds, subtracts his or her commissions and remits the net premiums due to entity?

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Correct Answer: C

Question No. 3

The deduction must be based on identification of specific doubtful amounts and is limited to the maximum of doubtful debts identified in the year or a preceding year and 75 percent of the amount reported for statutory purposes.

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Correct Answer: B

Question No. 4

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

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Correct Answer: D

Question No. 5

What represent the ownership interests in the net assets of the subsidiary held by persons outside the controlling entities' structure?

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Correct Answer: B