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Financial SOFA-CFE Exam
Certified Financial iner (Page 6 )

Updated On: 7-Feb-2026
Page 6 of 85
PDF with 416 Questions

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



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






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