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:

Amonthly premium

Bannual premium

Csingle premium

DNone of the above

Show Suggested Answer

Suggested Answer: B

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

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Chantell

2 months 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

2 months 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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Stevie

1 months ago

I agree, C) single premium seems to be the most fitting choice based on the description.

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Miriam

1 months ago

I believe it's C) single premium because it mentions the contract period.

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Ellen

1 months ago

I'm not sure, but I'll go with C) single premium as well.

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Stacey

2 months ago

I think it's C) single premium too. It makes sense with the context.

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Selma

2 months 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

2 months 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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Santos

1 months ago

I'm not sure, but I think D) None of the above could also be a possibility.

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Jolanda

1 months ago

I agree with A) monthly premium because it is earned over a shorter period of time.

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Nettie

1 months ago

I'm not sure about this one, but I'll go with A) monthly premium just to mix it up.

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Beata

1 months ago

I think C) single premium is the correct answer.

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Mignon

1 months ago

I think C) single premium might also be a possibility, but I see why you chose B) annual premium.

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Brett

2 months ago

I agree with you, B) annual premium seems like the correct choice.

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Crista

3 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

2 months ago

B) annual premium

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Lynsey

2 months ago

A) monthly premium

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Clare

3 months ago

That makes sense. I agree with you, Franchesca.

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Franchesca

3 months ago

I think it's C) single premium because it's paid all at once.

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Fabiola

3 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

2 months ago

Yeah, D) None of the above doesn't seem like the right answer in this case.

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Jamie

2 months ago

I don't think it's B) annual premium, that's just paid once a year.

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Muriel

2 months ago

I'm not sure, but I think A) monthly premium could also be a possibility.

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Angelica

3 months ago

I think you're right, C) single premium makes sense because it's paid all at once.

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Clare

3 months ago

What is the premium earned over the contract period called?

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Sang

3 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

3 months ago

I agree with Tasia. Single premium makes sense because it's earned over the contract period.

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Tasia

4 months ago

I think the answer is C) single premium.

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