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Accredited Financial Examiner (AFE) Questions 116–120 (page: 25)

Updated On: 10-Feb-2026

The ten largest companies account for what percent of life insurance sales in Canada?

  1. less than 50 percent
  2. more than 65 percent
  3. more than 75 percent
  4. less than 80 percent

Answer(s): C



Which of the following is NOT the category of Life and health insurers in Canada?

  1. Canadian Companies
  2. Fraternal Benefit Societies
  3. Reassurance Companies
  4. Provincially Licensed Companies

Answer(s): C



Which of the following is the significant requirement for ongoing regulatory reporting to the Office of the Superintendent of Financial Institutions ("OSFI")?

  1. The monthly Return
  2. Capital Adequacy Return
  3. Constraints of Sound Business
  4. Static Capital Adequacy Test

Answer(s): B



_______________ include financial statements and notes, both on a consolidated and non-consolidated basis.

  1. The annual Return
  2. Provincial Adequacy Return
  3. Constraints of self-assessment
  4. Static Capital Adequacy Test

Answer(s): A



What of a life insurer's is determined by applying factors for risk components to specific on and off-balance sheet assets or liabilities and by adding the results?

  1. The annual Return
  2. Business policy
  3. Provincial act
  4. Capital requirement

Answer(s): D



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