Financial SOFA-CFE Exam
Certified Financial iner (Page 4 )

Updated On: 7-Feb-2026

All investments with remaining maturities (or repurchase dates under repurchase agreements) of one year or less at the time of acquisition are called:

  1. Insured investments
  2. Long-term investments
  3. Short-term investments
  4. Cash investments

Answer(s): C



What represents balances due from brokers when a security has been sold, but the proceeds have not been received?

  1. Payable for securities
  2. Receivable for securities
  3. Security balancing
  4. Premium security

Answer(s): B



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






Post your Comments and Discuss Financial SOFA-CFE exam prep with other Community members:

Join the SOFA-CFE Discussion