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SOFE SOFA-CFE Exam - Topic 4 Question 114 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 114
Topic #: 4
[All SOFA-CFE Questions]

The amount of premiums written is generally used as a basis for determining compensation paid to the agent, called:

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Suggested Answer: C

by Providencia at Jul 13, 2025, 06:40 PM

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Casey
2 months ago
Yeah, commission is the right term.
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Eliseo
2 months ago
I thought it was revenues?
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Noel
3 months ago
Wait, are we sure it's not earning?
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Earleen
3 months ago
I always thought it was called something else!
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Cathrine
3 months ago
It's definitely commission!
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Leatha
3 months ago
I’m pretty confident it’s commission. I remember it being a key term in our last review session!
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Theola
4 months ago
I’m torn between commission and earnings. I feel like I’ve practiced this before, but I can’t pinpoint the right term.
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Stephaine
4 months ago
I remember discussing how agents get paid based on premiums, but I can't recall if it was called revenues or something else.
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James
4 months ago
I think the answer might be commission, but I’m not entirely sure. It feels like I’ve seen something similar in practice questions.
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Dylan
4 months ago
Ugh, I'm drawing a blank on this one. Insurance terminology is not my strong suit. I'll have to make an educated guess and hope for the best.
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Pauline
4 months ago
Okay, I've got this! The question is asking about how insurance agents are paid, and the key is that it's based on the "amount of premiums written." So the correct answer has to be C, commission.
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Brock
5 months ago
Hmm, I'm a little unsure about this one. I know it's related to insurance, but I'm not totally familiar with the specific terminology around agent compensation. I'll have to think this through carefully.
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Sherrell
5 months ago
This seems like a straightforward question about insurance agent compensation. I'll focus on the key terms like "premiums written" and "compensation" to determine the correct answer.
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Jacquline
6 months ago
I think revenues are the total income generated, while commission is specifically what the agent earns.
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Jacinta
6 months ago
But wouldn't revenues also be a valid option?
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Geoffrey
7 months ago
A) collection? Really? That's like saying the agents get paid in 'dust bunnies' or something. Come on, people, let's think this through!
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Rikki
7 months ago
I agree with Jacquline, commission makes sense.
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Micaela
7 months ago
Hmm, I'm torn between B) revenues and C) commission. Maybe the insurance agents get a little 'commission' on top of their 'revenues'? Gotta keep those numbers straight!
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Nadine
5 months ago
I think it's C) commission. Agents usually get a percentage of the premiums they write.
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Karan
7 months ago
D) earning, definitely. The premiums are the agents' hard-earned pay, so it makes sense that they'd be called 'earnings'.
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Myra
5 months ago
B) revenues
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Jerry
6 months ago
A) collection
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Lettie
7 months ago
C) commission
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Jacquline
7 months ago
C) commission
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Shantay
7 months ago
I'm going with B) revenues. Seems like the most logical choice, since the premiums are the main source of income for the insurance company.
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Diego
7 months ago
C) commission, of course! The agents' compensation is directly tied to the premiums they bring in. It's like a little commission-fueled dance they do with the insurance companies.
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Louvenia
6 months ago
C) I agree, it's all about that commission for the agents. The more premiums they write, the more they earn.
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Cristen
7 months ago
C) commission, of course! The agents' compensation is directly tied to the premiums they bring in. It's like a little commission-fueled dance they do with the insurance companies.
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