Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

SOFE SOFA-CFE Exam - Topic 5 Question 50 Discussion

Posted by Judy on May 06, 2022 at 07:40 AM

The penalty for reinsurance is carried as a liability in the balance sheet and is a hybrid of:

Suggested Answer: C

Get Premium SOFA-CFE Questions as Interactive Web-Based Practice Test or PDF Real Exam Format Detailed Explanations Instant Access Get Your Practice Test
13 comments · newest first
JE
Jeannetta 11 months ago
Nah, it's neither A nor B.
JE
Jennifer 11 months ago
Really? I’m surprised it’s a hybrid.
RA
Raina 12 months ago
Both A and B make sense to me!
LO
Louann 12 months ago
I thought it was just overdue reinsurance?
JO
Josphine 12 months ago
It's definitely a mix of unauthorized and overdue reinsurance.
PA
Paris 1 year ago
I recall that overdue reinsurance can definitely create liabilities, but I can't remember how unauthorized reinsurance fits in.
LU
Luther 1 year ago
I'm a bit confused about this one. I feel like it could be neither A nor B, but that doesn't seem right either.
AR
Arminda 1 year ago
I remember practicing a question similar to this, and I think both unauthorized and overdue reinsurance can impact the liability.
LI
Lili 1 year ago
I think the penalty for reinsurance might relate to unauthorized reinsurance, but I'm not entirely sure.
CO
Corrie 1 year ago
Based on the information provided, I think option C might be the correct answer. The content needs to be configured with a recommender to display products, so that's the additional action that's likely required.
MI
Mireya 1 year ago
Okay, I got this. The key is to first sort the messages by importance, with high importance at the top. Then within each importance level, sort by the date received, with the most recent first. The image shows exactly what the final result should look like, so I just need to follow those steps.
LO
Lou 1 year ago
I'm a bit confused on the difference between the client, server, and forwarder classes. I'll need to review those concepts before answering this.
KA
Kanisha 1 year ago
I'm a bit confused by the options here. I know a WAF is used to protect web applications, but I'm not sure if the filtering techniques described are the best way to approach this question. I'll need to review my notes and try to come up with a more confident answer.
0/2000 characters

Save Cancel