New Year Sale 2026! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

SOFE AFE Exam - Topic 3 Question 39 Discussion

Actual exam question for SOFE's AFE exam
Question #: 39
Topic #: 3
[All AFE Questions]

In which account current, for individual policies, the agent collects the premiums directly from the insureds, subtracts his or her commissions and remits the net premiums due to entity?

Show Suggested Answer Hide Answer
Suggested Answer: B

by Rhea at May 05, 2022, 05:34 PM

Limited Time Offer

25%

Off

Get Premium AFE Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Corrinne
4 months ago
C seems a bit vague, not sure about that one.
upvoted 0 times
...
Daniel
4 months ago
A makes the most sense, straightforward process!
upvoted 0 times
...
Rodolfo
4 months ago
Wait, is this really how it works? Sounds off.
upvoted 0 times
...
Sherrell
4 months ago
I think it's actually B, commissions are key here.
upvoted 0 times
...
Launa
4 months ago
Definitely A, that's how billing works.
upvoted 0 times
...
Nickolas
5 months ago
I feel like Item basis could be the right choice, but I’m not confident. We had a similar question in our last review session.
upvoted 0 times
...
Lucy
5 months ago
I remember something about agents collecting premiums, but I can't recall if it's called Paying commission basis or something else.
upvoted 0 times
...
Chauncey
5 months ago
I think the answer might be A, Billing basis, but I'm not completely sure. It sounds familiar from our practice questions.
upvoted 0 times
...
My
5 months ago
I don’t think it’s Bushiness costs; that doesn’t seem to fit. I’m leaning towards A, but I wish I had studied this part more.
upvoted 0 times
...
Rosendo
5 months ago
Hmm, this looks like a tricky one. I'll need to carefully review the hub and spoke architecture and the Cloud Router configuration to figure out the best approach.
upvoted 0 times
...
Annmarie
5 months ago
This question seems straightforward. I think the key is to focus on the purpose of a custom BPMN editor stencil.
upvoted 0 times
...
Cristy
5 months ago
This question seems straightforward, I think I can handle it.
upvoted 0 times
...
Keva
5 months ago
I'm a little confused by the wording of this question. Can someone explain the difference between the options a bit more? I want to make sure I understand before I select an answer.
upvoted 0 times
...
Delisa
10 months ago
Wait, hold on, 'Bushiness costs'? I didn't realize we were grading insurance policies on their ability to keep the bushes trimmed. Someone's got their priorities all mixed up here.
upvoted 0 times
Kaitlyn
9 months ago
D) Bushiness costs
upvoted 0 times
...
Johnetta
9 months ago
C) Item basis
upvoted 0 times
...
Tuyet
9 months ago
B) Paying commission basis
upvoted 0 times
...
Margurite
9 months ago
A) Billing basis
upvoted 0 times
...
...
Alex
10 months ago
Hold up, 'Bushiness costs'? Really? I think someone's trying to pull a fast one on us with that one. Nice try, but I'm gonna have to pass on that one.
upvoted 0 times
Dante
8 months ago
C) Item basis
upvoted 0 times
...
Portia
8 months ago
B) Paying commission basis
upvoted 0 times
...
Kallie
8 months ago
A) Billing basis
upvoted 0 times
...
Scarlet
9 months ago
D) Bushiness costs
upvoted 0 times
...
Evelynn
9 months ago
C) Item basis
upvoted 0 times
...
Marjory
9 months ago
B) Paying commission basis
upvoted 0 times
...
Kenneth
10 months ago
A) Billing basis
upvoted 0 times
...
...
Steffanie
10 months ago
Nah, nah, 'Item basis' has gotta be the winner. I mean, how else would the agent keep track of all those individual policies and their corresponding premiums? This is clearly the way to go.
upvoted 0 times
Ivette
9 months ago
Yeah, I agree. It seems like the most organized option for handling individual policies.
upvoted 0 times
...
Matthew
10 months ago
I think 'Item basis' is the best choice too. It makes sense for keeping track of everything.
upvoted 0 times
...
...
Merlyn
10 months ago
I'm not sure, but I think it might be C) Item basis. Can someone explain why it's not that option?
upvoted 0 times
...
Alonso
10 months ago
I'm gonna go with 'Paying commission basis' on this one. It just makes sense that the agent would get their cut before sending the rest to the entity, you know?
upvoted 0 times
...
Kasandra
11 months ago
I agree with Dolores, because the agent collects the premiums and subtracts commissions before remitting the net premiums.
upvoted 0 times
...
Enola
11 months ago
Hmm, 'Billing basis' sounds like the right answer here. The agent collects the premiums directly from the insureds, and then remits the net premiums after deducting their commission. Seems like a pretty straightforward process.
upvoted 0 times
Truman
9 months ago
Definitely, 'Billing basis' ensures transparency in the premium collection process.
upvoted 0 times
...
Kristine
9 months ago
It's important for the agent to handle the premiums properly to ensure accurate payments.
upvoted 0 times
...
Mable
10 months ago
Yes, the agent collects the premiums and deducts their commission before remitting the net premiums.
upvoted 0 times
...
Royal
10 months ago
I think you're right, 'Billing basis' is the correct answer.
upvoted 0 times
...
...
Dolores
11 months ago
I think the answer is B) Paying commission basis.
upvoted 0 times
...

Save Cancel