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SOFE Exam AFE Topic 3 Question 100 Discussion

Actual exam question for SOFE's AFE exam
Question #: 100
Topic #: 3
[All AFE Questions]

Reinsurance is defines as:

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Suggested Answer: A

by Jesusita at Jun 16, 2025, 10:21 AM

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Raul
13 days ago
Haha, C is like selling your problems to someone else! I wish I could do that with my student loans.
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Ressie
22 days ago
I thought reinsurance was when you sell your insurance to someone else? D sounds more like that to me.
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Elmer
22 days ago
I'm not sure, but I think it's either A or D. Reinsurance is definitely about transferring risk, but I'm not sure about the discount part.
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Herminia
26 days ago
A is the correct answer. Reinsurance is when an insurance company pays another party to assume a stream of contingent expenses, like claims, in exchange for a premium.
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Lindy
11 days ago
Yes, you're right. It's all about transferring risk to another party in exchange for a premium.
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Laticia
15 days ago
I think A is the correct answer. Reinsurance is when an insurance company pays another party to assume a stream of contingent expenses.
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Ciara
29 days ago
I agree with Joni, option A makes sense. It's all about managing risk and costs in the insurance industry.
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Joni
1 months ago
I think the answer is A, because reinsurance is about transferring risk to another party for a premium.
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