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SOFE Exam AFE Topic 3 Question 76 Discussion

Actual exam question for SOFE's AFE exam
Question #: 76
Topic #: 3
[All AFE Questions]

_allow investments to be made, up to a certain percent of invested or total admitted assets, in assets that do not otherwise meet regulatory requirements. If their domiciliary jurisdiction regulations have a this, a life insurer with a business purpose for doing so can make a limited amount of mortgage loans that do not meet regulatory requirements without a reduction in surplus. However, some jurisdictions do exercise some extraterritorial jurisdiction related to it.

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Suggested Answer: A

Contribute your Thoughts:

Orville
5 days ago
I'm not sure about this. Can someone explain why a basket clause is the correct answer?
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Genevive
5 days ago
I agree with Nguyet. A basket clause allows investments in assets that do not meet regulatory requirements.
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Nguyet
8 days ago
I think the answer is B) Basket clause.
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