Free CFE Exam Braindumps (page: 7)

Page 7 of 105

At any time during the policy period, the earned premium plus the unearned premium for a policy equals its:

  1. written premium
  2. oral premium
  3. total premium
  4. defined premium

Answer(s): A



The amounts charged the insureds (the policyholders) for insurance coverage are called:

  1. written premium
  2. direct written premium
  3. total premium
  4. defined premium

Answer(s): A



What is not related to premiums paid to or received from another insurance company, either a company to whom reinsurance is ceded or a company from whom reinsurance is assumed?

  1. written premium
  2. direct written premium
  3. total premium
  4. net written premium

Answer(s): B



Those premiums arising from policies that an insurer transfers, in part or in whole (as the ceding company or reinsured), to another insurance company are called:

  1. transferred premiums
  2. purchase premiums
  3. reserved premiums
  4. ceded reinsurance premiums

Answer(s): D



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