Free SOFE SOFA-CFE Exam Actual Questions

The questions for SOFA-CFE were last updated On Jan 15, 2025

Question No. 1

The reasons for allocating surplus usually relate to profit measurement and below which of the following is the example of allocation:

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Correct Answer: D

Question No. 2

Which of the following is the component of loss and loss adjustment liabilities are used in meeting the challenge?

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Correct Answer: D

Question No. 3

If the price is higher than par, the excess is the ____________; if the price is lower than par, the deficiency is the ____________.

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Correct Answer: C

Question No. 4

What is designed to report information about an insurance company's ability to meet its obligations to policyholders and claimants, and focuses on surplus adequacy?

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Correct Answer: B

Question No. 5

What requires the full-term premium for each policy that has not expired at the Annual Statement date be determined?

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Correct Answer: A