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SOFE SOFA-CFE Exam - Topic 6 Question 5 Discussion

What include balances due from the insurer's brokers (collectively referred to as agents' balances) for premium on policies written?
D) Agents' balances
A) collected premiums
B) account premiums
C) Direct balance

SOFE SOFA-CFE Exam - Topic 6 Question 5 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 5
Topic #: 6
[All SOFA-CFE Questions]

What include balances due from the insurer's brokers (collectively referred to as agents' balances) for premium on policies written?

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Suggested Answer: D

by Penney at May 09, 2022, 12:00 AM

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Vicky
8 months ago
Totally agree, agents' balances is the right answer!
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Kayleigh
8 months ago
Really? I’m surprised it’s not direct balance.
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Laurel
9 months ago
No way, it's account premiums!
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Garry
9 months ago
I thought it was collected premiums?
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Dominic
9 months ago
It's definitely agents' balances!
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Fabiola
9 months ago
I keep mixing up account premiums and agents' balances; I hope I remember the distinction correctly during the exam!
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Cora
9 months ago
This question feels familiar; I think we practiced something similar where agents' balances were mentioned as a key term.
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Jeniffer
9 months ago
I'm not entirely sure, but I remember something about collected premiums not being the same as balances due.
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Jolanda
9 months ago
I think agents' balances might be the right answer since it directly relates to what brokers owe for premiums.
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Ethan
9 months ago
I'm not totally sure about this one. The passage mentions a few different standards, and I want to make sure I'm picking the right one that matches the description given. I'll need to think this through step-by-step.
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Aleta
9 months ago
I'm not sure about this one. The selector seems a bit unusual, so I'll need to review my notes on web development to figure it out.
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Donette
9 months ago
Okay, the question is asking what the government's covert investigations involving personal data need to be, in addition to being necessary and set forth by law. I think the answer is proportionate.
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Leota
10 months ago
I think the threshold for major customer disclosure is around $1,000,000, but I'm not sure if it's actually $1,500,000 like in this question. I need to double-check that.
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