Free CFE Exam Braindumps (page: 44)

Page 44 of 105

What of a particular period is principally determined based on benefits earned by participants during the period (service costs) less earnings on plan assets in excess of interest accretion of the projected benefit obligation.

  1. Obligatory adjustment expense
  2. Payment accounting
  3. Loss adjustment expense
  4. Pension expense

Answer(s): D



In SAP, reserves for losses and loss adjustment expenses and unearned premiums ceded to reinsurers are reported as reductions of the related reserves.

  1. True
  2. False

Answer(s): A



In GAAP, reserves for losses and loss adjustment expenses and unearned premiums ceded to reinsurers are reported as:

  1. expense
  2. Liability
  3. assets
  4. Taxes

Answer(s): C



In GAAP, pension and postretirement benefit obligation calculation includes vested participants and active participants not currently eligible.

  1. True
  2. False

Answer(s): A



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