Free CFE Exam Braindumps (page: 6)

Page 6 of 105

What bears all of the insurance risk, and there is no possibility of loss or liability to the administrator caused by claims incurred related to the plan.

  1. Uninsured Investment Plans
  2. Uninsured Accident and Health Plans
  3. Real state income Plans
  4. Investment Write-off Plans

Answer(s): B



Material amounts must be capitalized and depreciated, and the un-depreciated amount must be reported as a non-admitted asset.

  1. True
  2. False

Answer(s): A



Loans on company's stock represent situations where the insurer lends money and accepts its own stock as collateral.

  1. True
  2. False

Answer(s): A



The concept of unearned premium is important to the business of insurance for which principal reason?

  1. the concept deals with the recognition of revenue over the period of time in which a policy is in-force.
  2. state insurance laws require each insurer to establish a liability equal to its unearned premiums.
  3. Both A and B
  4. Neither A nor B

Answer(s): C



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