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Free CFE Exam Braindumps (page: 8)

Page 8 of 105
PDF with 416 Questions

are those premiums arising from policies which an insurer accepts, in part or in whole (as the reinsurer), from another insurance company.

  1. Assumed reinsurance premiums
  2. Unearned premiums
  3. Mortgage Insurance premiums
  4. Minimum reserve premiums

Answer(s): A



Gross written premiums are:

  1. written premiums plus net written premiums
  2. indirect written premiums plus direct written premiums
  3. direct written premiums plus assumed reinsurance premiums
  4. direct written premiums plus ceded reinsurance premiums

Answer(s): C



Net written premiums are:

  1. direct written premiums plus mortgage reinsurance premiums, minus ceded reinsurance premiums
  2. direct written premiums plus assumed reinsurance premiums, minus ceded reinsurance premiums
  3. written premiums plus insurance premiums, minus ceded reinsurance premiums
  4. assumed reinsurance premiums plus credit life insurance premiums, minus depreciated reinsurance premiums

Answer(s): B



Which of the following is the correct formula to calculate the unearned premium?

  1. Unearned premium = (Policy premium x Unexpired coverage days) / Total number of days in the policy
  2. Unearned premium = (Interest premium x expired coverage days) / Total number of days in the policy
  3. Unearned premium = (Insurance contracts x Reserve coverage days) / Total number of days in the policy
  4. Unearned premium = (Overhead premium x Unexpired coverage days) / Total number of days in the policy

Answer(s): A



Page 8 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