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SOFE AFE Exam - Topic 3 Question 116 Discussion

The agents submits to the insurance entity a statement of all policies issued or due during the current month , and the net amount of the statement is subsequently to be paid in accordance with the agency agreement, is a account current of:
C) Rendering basis
A) Insurance billing
B) Direct billing
D) Billing basis

SOFE AFE Exam - Topic 3 Question 116 Discussion

Actual exam question for SOFE's AFE exam
Question #: 116
Topic #: 3
[All AFE Questions]

The agents submits to the insurance entity a statement of all policies issued or due during the current month , and the net amount of the statement is subsequently to be paid in accordance with the agency agreement, is a account current of:

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Suggested Answer: C

by Desirae at Jun 21, 2026, 10:49 PM

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Danica
I feel like "Billing basis" could be the right answer since it involves how the payments are structured, but I need to think more about the definitions.
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Shaquana
5 days ago
This sounds similar to a question I did on account current, but I can't recall if it was specifically about "Insurance billing" or something else.
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Gabriele
10 days ago
I remember practicing a question about billing methods, and I think "Direct billing" was mentioned as a way to handle payments directly with clients.
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Elenora
15 days ago
I think this might relate to how agencies handle their billing processes, but I'm not entirely sure which term fits best.
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