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SOFE AFE Dumps Questions Answers

AFE exam

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Accredited Financial Examiner

Last Update Jul 23, 2024
Total Questions : 286

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Accredited Financial Examiner Questions and Answers

Questions 1

________ are contracts with the insurer which provide for periodic payments over a specified period or in specified amounts. In most respects they are administered and accounted for much like supplementary contracts without life contingencies since there are no mortality or morbidity considerations that affect the amount to be paid.

Options:

A.

Mixed stream

B.

Annuities certain

C.

Annuities due

D.

Ordinary Annuities

Questions 2

To avoid double counting or omitting the effects of risks factors what should reflect assumptions that are consistent with those inherent in the cash flows?

Options:

A.

Economic flow

B.

Nominal flows

C.

Discount rates

D.

Inflation effect

Questions 3

The sum of values assigned by claims adjusters to specific known claims that were recorded by the insurance entity but not yet paid at the financial statement date is called:

Options:

A.

case-basis reserves

B.

computing reserves

C.

aggregate reserves

D.

None of the above