SOFE Exam SOFA-CFE Topic 7 Question 62 Discussion

Actual exam question for SOFE's Certified Financial Examiner exam

Question #: 62
Topic #: 7

[All Certified Financial Examiner Questions]

Which of the following is Correct?

AUnearned premiums are calculated by simply taking the sum of the assumed written for the period plus the unearned premium reserve (liability) at the beginning of the period less the unearned premium reserve at the end of the period.

BEarned premiums are calculated by simply taking the sum of the premiums written for the period plus the unearned premium reserve (liability) at the beginning of the period less the unearned premium reserve at the end of the period.

CEarned premiums are calculated by simply taking the sum of the premiums written for the period plus the earned premium reserve (liability) at the beginning of the period less the earned premium reserve at the end of the period.

DEarned premiums are calculated by simply taking the sum of the premiums written for the period plus the unearned premium reserve (liability) at the beginning of the period more than the earned premium reserve at the end of the period.

Show Suggested Answer

Suggested Answer: B

by Rhea at Dec 07, 2022, 03:08 PM

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