Effective Study Techniques for the SOFE AFE Exam

What is derived from its future cash flows, adjusted for risk as well as any other relevant economic characteristics?

________________ is an agreement between two counterparties to enter into a particular transaction at a specified date in the future at an agreed-upon price.

What represents the amounts needed to provide for the estimated ultimate cost of settling claims relating to insured events that have occurred on or before a particular date?

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

What represent the ownership interests in the net assets of the subsidiary held by persons outside the controlling entities’ structure?

A holistic analysis in a multi-scenario framework of all significant factors that can affect an insurer’s future financial condition is called:

The pro rata portion of premiums written allocable to unexpired policy periods represents unearned premiums, which are reflected as in the balance sheet.

Traditional insurance risks are generally are random and average out over larger populations.

What are batched, and input control totals are established before delivery to data entry?

The contracts that are not subject to unilateral changes in its provision and requires the performance of various functions and services for an extended period is called: