Winter Sale Special Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: v4s65

AFE Exam Dumps - Accredited Financial Examiner

Go to page:
Question # 17

The operating ratio is the combined ratio less than the ratio of investment income, to earned premiums.

A.

True

B.

False

Full Access
Question # 18

What encompasses investment income and gains and losses, as well as custody of investment and recordkeeping?

A.

Valuation data

B.

Verification note

C.

Transaction cycle

D.

Investment evaluation

Full Access
Question # 19

The amount that currently would be required to replace the service capacity of an asset is called:

A.

Risk approach

B.

Market approach

C.

Income approach

D.

Cost approach

Full Access
Question # 20

There is pending litigation concerning the acquisition of a subsidiary and it is probable such litigation will result in its divestiture is an example of:

A.

Transaction control

B.

Subsidiary control

C.

Significance control

D.

Temporary control

Full Access
Question # 21

When securities repurchased under repos commonly have a principal amount that differs from principal amount of the security originally sold under the agreement, is known as:

A.

Splintering act

B.

Breakage

C.

Rollover

D.

None of the above

Full Access
Question # 22

In which plan all activities writing automobile insurance in a state are allocated a share of the involuntary business on an equitable basis?

A.

Automobile equitability

B.

Automobile insurance

C.

Automobile assurance

D.

None of the above

Full Access
Question # 23

When no tax deductions are allowed if risks are not transferred, whereas premiums paid to insurers are tax deducible, this leads to the formation of:

A.

Portfolio

B.

Claims

C.

Captives

D.

Fronting

Full Access
Question # 24

Which of the following is the objective to the evaluation and risk-accepting function?

A.

Evaluating and acceptability of risk

B.

Determining the premium

C.

Evaluation of entity’s capacity to retain risk

D.

All of the above

Full Access
Go to page: