SOFE Exam SOFA-CFE Topic 6 Question 91 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 91
Topic #: 6

[All SOFA-CFE Questions]

The premium which is earned over the contract period in relation to the expiration of risk is known as:

Amonthly premium

Bannual premium

Csingle premium

DNone of the above

Show Suggested Answer

Suggested Answer: B

by Frederick at Jul 05, 2024, 03:40 AM

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1 days ago

Hmm, this one's tricky. I think it might be C) single premium, since that's the premium paid upfront for the entire contract period.

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3 days ago

What is the premium earned over the contract period called?

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4 days ago

I'm not sure, but I think it could also be A) monthly premium since it's earned periodically.

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4 days ago

I agree with Tasia. Single premium makes sense because it's earned over the contract period.

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11 days ago

I think the answer is C) single premium.

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