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SOFE AFE Exam - 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.

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Suggested Answer: C

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

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Earnestine
6 months ago
True, I've seen this in my studies too!
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Kenneth
6 months ago
Yep, ceding is the one transferring risk!
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Regenia
6 months ago
Wait, are we sure about that? Sounds a bit off.
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Carol
7 months ago
Totally agree, that's how reinsurance works.
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Brande
7 months ago
That's correct, ceding and assuming entities are key terms!
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Stephaine
7 months ago
I’m pretty confident this is true; it aligns with what we studied about risk transfer in reinsurance.
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Chau
7 months ago
I feel like I might be mixing up the terms. Is the ceding entity always the one transferring the risk?
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Arlene
7 months ago
I remember a practice question that mentioned ceding and assuming entities, and it was definitely true.
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Belen
8 months ago
I think this is true, but I’m not completely sure about the terminology.
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Dorinda
8 months ago
Wait, what's the difference between a ceding entity and an assuming entity again? I need to review my notes to make sure I have these terms straight.
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Denny
8 months ago
Okay, I've got this. The question is asking me to identify the correct terms for the entities involved in risk transfer. I'm confident I can nail this one.
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Darrin
8 months ago
Hmm, I'm a bit unsure about this one. The wording seems clear, but I want to make sure I fully understand the concepts before selecting an answer.
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Denny
8 months ago
This seems like a straightforward definition question. I'll read through the statement carefully and select the option that best matches the information provided.
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Solange
8 months ago
Okay, let's see. A Business Event is supposed to access something in the metamodel. Based on the options, it seems like it could be a Business Internal Active Structure Element, a Business Composite Element, a Business Passive Structure Element, or a Business Internal Behavior Element. I'll have to review my notes to figure out which one is correct.
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Vince
8 months ago
This seems pretty simple. I'll just check the five options that are listed as sources for the Requisition Open Interface.
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Ernie
8 months ago
This question seems straightforward, I'm pretty confident I can identify the corporate issue that is not related to ethics or social responsibility.
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Estrella
8 months ago
From what I remember, detecting changes in decibel levels seems to be an important factor, but I'm not confident if it's the only context for audio detection.
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Antonio
1 year ago
Assuming the answer is true? I see what you did there! *winks*
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Chaya
11 months ago
I'll go with false.
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Elfriede
11 months ago
I think it's true.
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Felicitas
12 months ago
B) False
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Desmond
12 months ago
A) True
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Annmarie
1 year ago
Wait, is this a trick question? *scratches head* I better double-check the definitions just to be safe.
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Norah
12 months ago
B) False
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Chandra
12 months ago
I think it's true, the ceding entity transfers the risk to the assuming entity.
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Laurel
1 year ago
A) True
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Chanel
1 year 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
1 year 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
1 year ago
I agree, these terms are commonly used in the insurance industry.
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Veronika
1 year ago
A) True
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Veronica
1 year ago
This seems like a straightforward question. The answer is clearly A) True.
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Marci
1 year ago
False
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Willow
1 year ago
True
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Veda
1 year ago
True
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