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SOFE Exam SOFA-CFE Topic 7 Question 94 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 94
Topic #: 7
[All SOFA-CFE Questions]

Insurance companies sometimes issue instruments that have the characteristics of both debt and equity; these instruments are commonly referred to as:

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Suggested Answer: C

by Portia at Aug 07, 2024, 10:58 AM

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Brande
19 days ago
Ha! Surplus notes, easy. Although, sometimes I feel like these insurance exams are just a game of 'Guess the Obscure Term'.
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Angelica
20 days ago
Surplus notes, no doubt about it. Although, I'd love to know who comes up with these names. 'Surplus notes' sounds like something you'd find in the attic, not a financial instrument.
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Lynelle
29 days ago
Hmm, I want to say surplus notes, but I can't help but think there's a trick here. Insurance companies love to throw curveballs, don't they?
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Shoshana
2 days ago
I've heard of surplus notes before, so I'm leaning towards that option.
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Britt
9 days ago
I think it's surplus notes too, but you're right, insurance companies can be tricky.
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Anglea
1 months ago
Surplus notes, definitely. I remember learning about these in my insurance law class. They're a unique hybrid instrument.
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Lorrine
8 days ago
They provide a way for insurance companies to raise capital in a different way.
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Rosio
30 days ago
I agree, surplus notes are a fascinating concept.
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Shala
2 months ago
I'm not sure, but I think it could also be C) Long-term bond notes because they can have elements of both debt and equity.
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Tayna
2 months ago
I agree with Daniela, surplus notes make sense for instruments with characteristics of both debt and equity.
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Vicente
2 months ago
I'm pretty sure these are called surplus notes, but I'm not 100% confident. Gotta love these tricky insurance terms, right?
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Gianna
3 days ago
Surplus notes can be confusing, but once you understand them, it makes sense.
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Filiberto
4 days ago
I've heard of surplus notes before, they definitely have characteristics of both debt and equity.
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Jamie
9 days ago
Yeah, surplus notes sound familiar to me too.
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Kristel
25 days ago
I think you're right, they are called surplus notes.
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Daniela
2 months ago
I think the answer is D) surplus notes.
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