SOFE Exam AFE Topic 2 Question 74 Discussion

Actual exam question for SOFE's AFE exam

Question #: 74
Topic #: 2

[All AFE Questions]

The entity transferring the risk is called the ceding entity and the entity to which the risk is transferred is called the assuming entity.

ATrue

BFalse

Show Suggested Answer

Suggested Answer: C

by Maile at Apr 29, 2024, 05:28 AM

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Antonio

3 months ago

Assuming the answer is true? I see what you did there! *winks*

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Chaya

1 months ago

I'll go with false.

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Elfriede

1 months ago

I think it's true.

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Felicitas

1 months ago

B) False

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Desmond

1 months ago

A) True

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Annmarie

3 months ago

Wait, is this a trick question? *scratches head* I better double-check the definitions just to be safe.

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Norah

1 months ago

B) False

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Chandra

2 months ago

I think it's true, the ceding entity transfers the risk to the assuming entity.

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Laurel

2 months ago

A) True

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Chanel

3 months ago

Haha, this question is a piece of cake! I could answer this in my sleep. Definitely going with A) True.

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Aileen

3 months ago

I'm pretty sure this is the correct terminology in the insurance industry. Transferring and assuming risk are key concepts.

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Kathrine

3 months ago

I agree, these terms are commonly used in the insurance industry.

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Veronika

3 months ago

A) True

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Veronica

3 months ago

This seems like a straightforward question. The answer is clearly A) True.

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Marci

3 months ago

False

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Willow

3 months ago

True

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Veda

4 months ago

True

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