SOFE Exam SOFA-CFE Topic 5 Question 87 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 87
Topic #: 5

What is an agreement that releases the reinsurer of all its obligations under the original reinsurance agreement for a negotiated consideration as a final settlement?

AStatutory Act

BAccounting practices

Ccommutation

DNone of the above

Show Suggested Answer

Suggested Answer: A

by Desmond at May 12, 2024, 05:53 PM

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Lilli

2 months ago

None of the above? Well, that's certainly a safe bet when you have no idea what the right answer is.

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Otis

2 months ago

Statutory Act? I thought this was about reinsurance, not government legislation.

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William

9 days ago

Statutory Act? I thought this was about reinsurance, not government legislation.

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Rolland

11 days ago

C) commutation

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Dyan

12 days ago

A) Statutory Act

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Stephaine

2 months ago

Accounting practices? Really? This is an insurance question, not a math quiz.

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Janna

21 days ago

C) commutation

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Domonique

22 days ago

B) Accounting practices

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Tiffiny

30 days ago

A) Statutory Act

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Maurine

3 months ago

Commutation? Sounds like some kind of wizard spell to get out of a contract. I'll go with that one!

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Cherilyn

1 months ago

User 3: Commutation is the correct answer, it releases the reinsurer of all obligations.

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Claudia

1 months ago

User 2: I agree, I think it's the right answer.

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Buffy

1 months ago

User 1: Commutation sounds like a wizard spell to get out of a contract.

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Eden

3 months ago

I'm not sure, but I think it's C) commutation too.

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Chantay

3 months ago

I agree with Luis, commutation makes sense as the final settlement.

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Luis

4 months ago

I think the answer is C) commutation.

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