SOFE Exam SOFA-CFE Topic 8 Question 66 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 66
Topic #: 8

Reinsurance is the acceptance by one insurer, known as the reinsurer or the ______________, of all or part of the risk of loss of another (the original) insurer, called the _______________.

Aassuming company, insurance company

Bassuming company, ceding company

Cinsurance company, assuming company

DReimbursement Company, primary company

Show Suggested Answer

Suggested Answer: B

by Louvenia at Mar 01, 2023, 07:37 AM

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Beckie

5 days ago

I'm not sure about that. I think it might be C) insurance company, assuming company.

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Sharan

7 days ago

The correct answer is B) assuming company, ceding company. This is because the reinsurer is the assuming company that takes on the risk from the original insurer, known as the ceding company.

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Lanie

13 days ago

I agree with Lashandra. The reinsurer is the assuming company and the original insurer is the ceding company.

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Lashandra

16 days ago

I think the answer is B) assuming company, ceding company.

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