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Free CFE Exam Braindumps (page: 34)

Page 34 of 105
PDF with 416 Questions

A rate based on the average market yield on outstanding obligations of the United States with maturities between three and nine years, and it is published monthly is known as:

  1. average market interest rate
  2. tax discounting federal rate
  3. midterm applicable federal rate
  4. none of the above

Answer(s): C



"Industry" discount factors are computed and published by the Treasury annually and are based on which of the following factor?

  1. the interest rate which is determined by the Treasury annually
  2. loss and loss adjustment expense payment patterns
  3. Both A and B
  4. Neither A nor B

Answer(s): C



Non-proportional reinsurance is reported on which one of the following three lines:

  1. Reinsurance assumed property, assumed liability, and assumed financial lines
  2. Proportional reinsurance, assumed liability, and assumed financial lines
  3. Reinsurance assumed property, assumed liability, and international business
  4. Reinsurance assumed property, non-proportional reinsurance, and assumed financial lines

Answer(s): A



Taxable years of insurers for periods other than calendar years can occur in which way?

  1. an insurer is included in a consolidated tax return of a parent company that reports on a fiscal year basis
  2. a company leaves a consolidated return as the result of a sale
  3. a company joins in a different consolidated return at other than the beginning of a calendar year
  4. All of the above

Answer(s): D



Page 34 of 105



Post your Comments and Discuss Financial CFE exam with other Community members:

sena commented on May 31, 2019
I will see if this helps
TURKEY
upvote