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SOFE SOFA-CFE Exam - Topic 4 Question 130 Discussion

Which of the following is the correct formula to calculate the earned premium?
C) Earned premium = (Policy premium x expired coverage days) / Total number of days in the policy
A) Earned premium = (Policy premium x Unexpired coverage days) / Total number of days in the policy
B) Earned premium = (Interest premium + Unexpired coverage days) / Total number of days in the policy
D) Earned premium = (Overhead premium _ Unexpired coverage days) / Total number of days in the policy

SOFE SOFA-CFE Exam - Topic 4 Question 130 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 130
Topic #: 4
[All SOFA-CFE Questions]

Which of the following is the correct formula to calculate the earned premium?

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Suggested Answer: C

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