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 6 Question 5 Discussion

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

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

Suggested Answer: D

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
VI
Vicky 11 months ago
Totally agree, agents' balances is the right answer!
KA
Kayleigh 11 months ago
Really? I’m surprised it’s not direct balance.
LA
Laurel 12 months ago
No way, it's account premiums!
GA
Garry 12 months ago
I thought it was collected premiums?
DO
Dominic 12 months ago
It's definitely agents' balances!
FA
Fabiola 1 year ago
I keep mixing up account premiums and agents' balances; I hope I remember the distinction correctly during the exam!
CO
Cora 1 year ago
This question feels familiar; I think we practiced something similar where agents' balances were mentioned as a key term.
JE
Jeniffer 1 year ago
I'm not entirely sure, but I remember something about collected premiums not being the same as balances due.
JO
Jolanda 1 year ago
I think agents' balances might be the right answer since it directly relates to what brokers owe for premiums.
ET
Ethan 1 year 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.
AL
Aleta 1 year 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.
DO
Donette 1 year 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.
LE
Leota 1 year 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.
0/2000 characters

Save Cancel