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

13 days 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

16 days ago

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

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Stephaine

23 days ago

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

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Maurine

1 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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Eden

2 months ago

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

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Chantay

2 months ago

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

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Luis

2 months ago

I think the answer is C) commutation.

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