Free CFE Exam Braindumps (page: 4)

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Balances due within thirty days of the settlement date are included as a receivable for securities.

  1. True
  2. False

Answer(s): B



When the insurer or the intermediary may prepare a monthly recapitulation of premium and commission transactions between the parties, commonly called:

  1. account current
  2. account reimbursement
  3. balance share
  4. premium debts

Answer(s): A



What include balances due from the insurer's brokers (collectively referred to as agents' balances) for premium on policies written?

  1. collected premiums
  2. account premiums
  3. Direct balance
  4. Agents' balances

Answer(s): D



The asset classification of funds held by or deposited with reinsured companies occurs when:

  1. the reporting entity has assumed insurance from only one insurer that owes it funds, according to the payment agreement.
  2. the reporting entity has assumed reinsurance from one or more other insurers that owe it funds, according to the reinsurance agreement.
  3. the reporting entity has assumed reinsurance necessarily from more then one insurers that owe it funds, according to the interest charges.
  4. the reporting entity has assumed authority from one or more other insurers that owe it funds, according to the deposited funds.

Answer(s): B



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