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SOFE SOFA-CFE Exam - Topic 4 Question 63 Discussion

Because premiums for a reinsurer typically are not fully earned when received, provision is made for recording premiums in which of the following stages of development?
D) written premiums, earned premiums, and unearned premiums
A) reinsurance premiums, earned premiums, and unearned premiums
B) written premiums, assuming premiums, and unearned premiums
C) recorded premiums, revenue-generated premiums, and ceded premiums

SOFE SOFA-CFE Exam - Topic 4 Question 63 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 63
Topic #: 4
[All SOFA-CFE Questions]

Because premiums for a reinsurer typically are not fully earned when received, provision is made for recording premiums in which of the following stages of development?

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Suggested Answer: D

by Felix at Dec 28, 2022, 08:02 PM

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Lisandra
8 months ago
Totally agree with A, it’s the standard classification!
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Cory
8 months ago
Premiums are usually categorized as earned and unearned.
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Germaine
9 months ago
Wait, are we sure about A? Seems a bit off.
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Beula
9 months ago
I think D makes more sense, though.
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Emiko
9 months ago
It's definitely A, those are the right terms!
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Katlyn
9 months ago
I recall that unearned premiums are definitely part of the equation, but I can't quite remember the other two terms that go with it.
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Leontine
9 months ago
I’m a bit confused between written and earned premiums. I feel like I might mix those up on the exam.
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Howard
9 months ago
I think option D sounds familiar because we practiced a similar question about premium recognition stages in class.
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Rodrigo
9 months ago
I remember we discussed how premiums are categorized, but I'm not entirely sure about the specific terms used.
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Aretha
9 months ago
Hmm, I'm a bit confused on this one. I know we covered user-defined functions in class, but I can't quite remember the specific syntax for registering a table function. I'll have to think this through carefully.
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Ngoc
9 months ago
I'm a bit confused by the "cpython-36" part. I'll need to review my notes on file naming conventions to answer this.
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Van
9 months ago
I'm a bit confused by the options here. I'll need to weigh the pros and cons of each one to determine the best solution.
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