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SOFE Exam SOFA-CFE Topic 9 Question 93 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 93
Topic #: 9
[All SOFA-CFE Questions]

When gross premiums written are reduced by ceded reinsurance premiums in financial statements, the result is termed as:

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Suggested Answer: B

by Tyra at Jul 13, 2024, 11:20 PM

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Francoise
3 months ago
I'm going with A. Net premiums written. It just makes the most sense, you know? Unless the insurance gods are playing some kind of cruel joke on us.
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Dominga
1 months ago
User 3: Definitely A) net premiums written. It's the net amount retained by the insurer.
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Kanisha
2 months ago
User 2: Yeah, I think so too. It's the amount left after ceding reinsurance.
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Renay
2 months ago
User 1: I agree, A) net premiums written seems like the logical choice.
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William
3 months ago
Earn premiums written? That's a new one. Is the exam question trying to trick us or something?
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Narcisa
2 months ago
B) ceded premiums
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Leah
2 months ago
No, it's not trying to trick us. Earn premiums written is just another way of saying net premiums written.
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Irving
3 months ago
A) net premiums written
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Francesco
3 months ago
Hmm, I think it's C. Net analyzed premiums. Sounds like something an insurance accountant would say, you know?
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Latrice
3 months ago
Wait, isn't ceded premiums the correct answer? That's when you transfer part of the risk to a reinsurer, right?
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Kimi
3 months ago
I'm pretty sure it's option A. Reducing gross premiums by ceded reinsurance gives you net premiums written. Easy peasy!
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Ozell
2 months ago
Got it, thanks for the clarification!
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Leila
2 months ago
So, net premiums written is the term used when gross premiums are reduced by ceded reinsurance premiums.
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Nana
2 months ago
Yeah, that's correct. Net premiums written is the result.
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Karl
2 months ago
I think you're right, it's definitely option A.
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Cristy
3 months ago
I agree with Rocco, A) net premiums written is the correct term in this case.
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Rocco
3 months ago
I think it's A) net premiums written because it makes sense to subtract ceded reinsurance premiums from gross premiums.
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Mila
4 months ago
A) net premiums written
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