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SOFE Exam SOFA-CFE Topic 7 Question 77 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 77
Topic #: 7
[All SOFA-CFE Questions]

Under which method of calculating unearned premium reserves, the amortization procedure uses the written premiums for the full term of the policy, or for any additional premium paid.

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Suggested Answer: B

Contribute your Thoughts:

Michell
2 days ago
I agree with Kerry, because the amortization procedure uses the written premiums for the full term of the policy.
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Lamonica
2 days ago
Ah, the age-old question of unearned premium reserves. I'm going with 'In-force' - it just has that 'I mean business' vibe to it, you know? Plus, who doesn't love a good amortization procedure?
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Eliz
3 days ago
I was thinking 'Direct' since it seems to be the most straightforward approach, but 'In-force' does sound like it aligns better with the description provided. Hmm, tough call.
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Ronny
5 days ago
The amortization procedure using the written premiums for the full term of the policy sounds like the 'In-force' method to me. That makes the most sense in calculating unearned premium reserves.
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Kerry
12 days ago
I think the answer is A) Direct.
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