Effective Study Techniques for the SOFE AFE Exam

Manual, judgmental and premium rating

Commercial, judgmental and merit rating

Manual, experimental and merit rating

Manual, judgmental and merit rating

to pay another party to assume a stream of contingent expenses, for a premium over the expected cost

to pay another party to assume a stream of contingent revenues, for an interest over the expected cost

to sell another party to assume a stream of contingent assets, for a premium over the actual cost

to sell another party to assume a stream of contingent expenses, for a discount over the expected cost

Numerical rating

Premium rating

Manual rating

Item rating

True

False

Control

Influence

Activity

Entitlement

Operational procedure

Guideline procedure

Organizational policy

Self-assessment process

Whole life insurance

Permanent life insurance

Fiscally examined insurance

Life time insurance

any cash payment

the fair value of other assets distributed

the fair value of any expenses

any direct costs of the acquisition

On policies are valuable to the policyholders, and insurers encourage them to protect this feature by saving it for emergency use

Interest rate is raised to eight percent

Interest rate was raised to eight percent, and later variable rates were approved

Do not have variable principal payments or a maturity

ethical act

controlled procedure

structured settlement

None of the above