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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
7 months ago
Totally agree, agents' balances is the right answer!
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Kayleigh
7 months ago
Really? I’m surprised it’s not direct balance.
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Laurel
7 months ago
No way, it's account premiums!
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Garry
7 months ago
I thought it was collected premiums?
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Dominic
7 months ago
It's definitely agents' balances!
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Fabiola
8 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
8 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
8 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
8 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
8 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
8 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
8 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
8 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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