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SOFE Exam SOFA-CFE Topic 3 Question 69 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 69
Topic #: 3
[All SOFA-CFE Questions]

Which insurance arrangement, which involved insurance of a loss that had previously occurred, similarly was found not to be insurance for federal income tax purposes?

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Suggested Answer: D

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Sherly
2 days ago
I think the answer is B) retroactive.
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Lynna
5 days ago
Whoa, retroactive insurance? That's like trying to insure your house after it's already burned down. Pretty sure that's not how it works, am I right?
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