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Vendor: SOFE
Exam Code: AFE
Exam Name: Accredited Financial Examiner
Certification: SOFE Certifications
Total Questions: 286 Q&A
Updated on: Dec 25, 2024
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On both old and new business, companies can also avoid premium notes by entering into agreements involving deposits of a portion of the premium with an extension on the balance. These deposits are treated as:
A. A liability
B. Unearned revenue and not credited to income until the deposit is used to pay the premium
C. A liability and not credited to income until the deposit is used to pay the premium
D. Asset and not credited to income until the deposit is used to pay the premium
________ are contracts with the insurer which provide for periodic payments over a specified period or in specified amounts. In most respects they are administered and accounted for much like supplementary contracts without life contingencies since there are no mortality or morbidity considerations that affect the amount to be paid.
A. Mixed stream
B. Annuities certain
C. Annuities due
D. Ordinary Annuities
The Annual Statement reporting requirements for the participating and nonparticipating branches is limited to major and secondary lines of business, but a company would:
A. Usually carry this separation throughout all of its premium classifications
B. Do not carry this separation throughout all of its premium classifications
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The following table comprehensively analyzes the quality and value of SOFE Certifications AFE exam materials.