Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

SOFE SOFA-CFE Exam - Topic 8 Question 66 Discussion

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 _______________.
B) assuming company, ceding company
A) assuming company, insurance company
C) insurance company, assuming company
D) Reimbursement Company, primary company

SOFE SOFA-CFE Exam - Topic 8 Question 66 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 66
Topic #: 8
[All SOFA-CFE Questions]

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 _______________.

Show Suggested Answer Hide Answer
Suggested Answer: B

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

Limited Time Offer

25%

Off

Get Premium SOFA-CFE Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Dominga
8 months ago
Just learned about this, but it makes sense!
upvoted 0 times
...
Anthony
8 months ago
I thought it was "insurance company" and "assuming company."
upvoted 0 times
...
Zoila
9 months ago
Wait, is "Reimbursement Company" even a thing? Sounds off.
upvoted 0 times
...
Cheryll
9 months ago
Totally agree with that!
upvoted 0 times
...
Carline
9 months ago
It's definitely "assuming company" and "ceding company."
upvoted 0 times
...
Rory
9 months ago
I'm pretty confident that "assuming company" goes in the first blank, but I need to double-check if "ceding company" is right for the second.
upvoted 0 times
...
Marjory
9 months ago
I keep mixing up the terms; I thought the original insurer was called the "assuming company" too.
upvoted 0 times
...
Margot
9 months ago
I remember practicing a similar question, and I think "ceding company" fits there.
upvoted 0 times
...
Devon
9 months ago
I think the first blank is "assuming company," but I'm not completely sure about the second one.
upvoted 0 times
...
Louvenia
9 months ago
The time plan on the entire promotion? The time policy of the promotion? I'm really not sure what those options even mean in this context. I'm leaning towards C, but I'm kind of shooting in the dark here.
upvoted 0 times
...
Vi
9 months ago
This one seems pretty straightforward. I'm pretty confident the answer is C - lobby.
upvoted 0 times
...
Anissa
9 months ago
I'm a bit unsure, but I think when you bind VLAN 10 to the interface, it may change the VLAN ID associated with it.
upvoted 0 times
...
Cornell
10 months ago
I think the best choice is A. There was a similar question in our last mock exam, and it emphasized maintaining image integrity for specific uses.
upvoted 0 times
...
Fallon
1 year ago
Hmm, I wonder if the reinsurer ever feels like they're the ones getting 'reinsured' by the ceding company. Talk about a complex game of hot potato!
upvoted 0 times
...
Alishia
1 year ago
B) assuming company, ceding company - got it! Now, if only I could remember the difference between facultative and treaty reinsurance...
upvoted 0 times
...
Toi
1 year ago
D) Reimbursement Company, primary company? Really? That's a completely different concept. I think the exam writer needs to stick to the actual terminology used in reinsurance.
upvoted 0 times
Coral
1 year ago
D) Reimbursement Company, primary company? Really? That's a completely different concept. I think the exam writer needs to stick to the actual terminology used in reinsurance.
upvoted 0 times
...
Gerald
1 year ago
C) insurance company, assuming company? Yes, that's the correct terminology used in reinsurance.
upvoted 0 times
...
Louvenia
1 year ago
C) insurance company, assuming company
upvoted 0 times
...
Billye
1 year ago
B) assuming company, ceding company
upvoted 0 times
...
Emilio
1 year ago
C) insurance company, assuming company
upvoted 0 times
...
Mirta
1 year ago
B) assuming company, ceding company
upvoted 0 times
...
Aileen
1 year ago
A) assuming company, insurance company
upvoted 0 times
...
Milly
1 year ago
A) assuming company, insurance company
upvoted 0 times
...
...
Shaquana
1 year ago
I was a bit confused at first, but now I understand. The reinsurer is the one who takes on the risk, while the original insurer is the one who cedes the risk. Nice and straightforward!
upvoted 0 times
Omega
1 year ago
B) assuming company, ceding company
upvoted 0 times
...
Trina
1 year ago
That's correct! The assuming company is the reinsurer, and the insurance company is the original insurer.
upvoted 0 times
...
Arlette
1 year ago
A) assuming company, insurance company
upvoted 0 times
...
...
Beckie
1 year ago
I'm not sure about that. I think it might be C) insurance company, assuming company.
upvoted 0 times
...
Sharan
1 year 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.
upvoted 0 times
Denny
1 year ago
That's right! The ceding company transfers part of its risk to the assuming company through reinsurance.
upvoted 0 times
...
Noel
1 year ago
So the correct answer is B) assuming company, ceding company.
upvoted 0 times
...
Ben
1 year ago
Yes, the assuming company is the reinsurer that takes on the risk from the ceding company.
upvoted 0 times
...
Jestine
1 year ago
I didn't know that reinsurance involves an assuming company and a ceding company.
upvoted 0 times
...
...
Lanie
1 year ago
I agree with Lashandra. The reinsurer is the assuming company and the original insurer is the ceding company.
upvoted 0 times
...
Lashandra
1 year ago
I think the answer is B) assuming company, ceding company.
upvoted 0 times
...

Save Cancel