SOFE SOFA-CFE Certified Financial Examiner Exam Practice Test

An insurance company's net loss and loss adjustment expense liabilities are affected by the reinsurance it has purchased from other companies.

The ________________ of the state regulators is to ensure that the competition among insurance companies is maintained on a consistent and fair basis.

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

Which payments reflect the amount of reinsurance recoverable from reinsurers based upon the amounts paid by the ceding company under reinsured policies?

What is a negotiable instrument that is accepted by the bank only upon the approval of the payor?

15 percent of otherwise tax exempt interest income and the dividends received deduction are included in the company's income, in which factor?

There could be a difference between the actual loss incurred by the ceding company for the catastrophe event and the contractual recovery afforded under the Industry Loss Warranty Contract, this risk is referred to as: