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SOFE Exam SOFA-CFE Topic 6 Question 91 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 91
Topic #: 6
[All SOFA-CFE Questions]

The premium which is earned over the contract period in relation to the expiration of risk is known as:

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Suggested Answer: B

by Frederick at Jul 05, 2024, 03:40 AM

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Chantell
15 days ago
As an insurance agent, I can tell you that the correct answer is definitely not A) monthly premium. That's just way too short of a time period.
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Oliva
17 days ago
I'm going to guess C) single premium. It's the only one that mentions 'over the contract period', so it must be the right answer.
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Stacey
1 days ago
I think it's C) single premium too. It makes sense with the context.
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Selma
19 days ago
This is a tough one, but I'm going to go with D) None of the above. The question is a bit too vague for any of the options to be completely accurate.
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Lashunda
24 days ago
I'm going with B) annual premium. That makes the most sense to me since the premium is earned over the contract period.
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Crista
2 months ago
I'm pretty sure it's D) None of the above. The question is asking about the premium earned over the contract period, not the premium paid.
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Howard
16 days ago
B) annual premium
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Lynsey
20 days ago
A) monthly premium
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Clare
2 months ago
That makes sense. I agree with you, Franchesca.
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Franchesca
2 months ago
I think it's C) single premium because it's paid all at once.
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Fabiola
2 months ago
Hmm, this one's tricky. I think it might be C) single premium, since that's the premium paid upfront for the entire contract period.
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Tarra
5 days ago
Yeah, D) None of the above doesn't seem like the right answer in this case.
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Jamie
8 days ago
I don't think it's B) annual premium, that's just paid once a year.
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Muriel
13 days ago
I'm not sure, but I think A) monthly premium could also be a possibility.
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Angelica
1 months ago
I think you're right, C) single premium makes sense because it's paid all at once.
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Clare
2 months ago
What is the premium earned over the contract period called?
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Sang
2 months ago
I'm not sure, but I think it could also be A) monthly premium since it's earned periodically.
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Cherri
2 months ago
I agree with Tasia. Single premium makes sense because it's earned over the contract period.
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Tasia
2 months ago
I think the answer is C) single premium.
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