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SOFE AFE Exam Questions

Exam Name: Accredited Financial Examiner
Exam Code: AFE
Related Certification(s): SOFE Accredited Financial Examiner Certification
Certification Provider: SOFE
Actual Exam Duration: Minutes
Number of AFE practice questions in our database: 286 (updated: Feb. 03, 2025)
Expected AFE Exam Topics, as suggested by SOFE :
  • Topic 1: AFE 1: Life and Health Insurance Fundamentals: This portion of the exam measures the skills of Insurance Professionals and covers the foundational principles of life and health insurance. Candidates will learn about the various types of life and health insurance products, including their features, benefits, and applications. Key topics include policy structures, underwriting processes, and the regulatory environment governing life and health insurance.
  • Topic 2: AFE 2: Property and Liability Insurance Fundamentals: This section of the exam measures the skills of Property and Casualty Insurance Specialists and focuses on the essential concepts of property and liability insurance. Candidates will explore different types of property insurance, liability coverage options, and how these products protect individuals and businesses. The curriculum includes an overview of policy provisions, risk management strategies, and the legal aspects of property and liability insurance.
  • Topic 3: AFE 3: Life and Health Insurance Accounting: This section of the exam measures the skills of Financial Examiners and Specialists and addresses the accounting principles specific to life and health insurance. Candidates will gain insights into financial reporting, premium accounting, reserves, and claims handling within the context of life and health insurance operations. Emphasis is placed on understanding how to analyze financial statements relevant to these sectors.
  • Topic 4: AFE 4: Property and Liability Insurance Accounting: This section of the exam measures the skills of Insurance Financial Specialists and Analysts and covers accounting practices related to property and liability insurance. Candidates will learn about the financial management aspects of property and casualty insurance companies, including premium recognition, loss reserving, and investment income reporting. The focus is on ensuring compliance with regulatory requirements while maintaining accurate financial records for property and liability insurance operations.
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Desmond

4 days ago
I successfully passed the SOFE exam, and Pass4Success was instrumental in my success. There was a question on the exam about the statutory accounting principles for property insurance. I had to think hard about the treatment of unearned premiums.
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Dominga

23 days ago
Aced the SOFE exam! Pass4Success, your materials were key to my success. Thank you!
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Josphine

1 months ago
Just passed the SOFE exam, and I couldn't have done it without Pass4Success. One challenging question was about the red flags of insurance fraud. I had to remember the specific indicators like sudden policy changes and frequent claims.
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Mariann

2 months ago
SOFE certified! Pass4Success helped me prepare efficiently. Grateful for the relevant questions.
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Sommer

2 months ago
I’m thrilled to have passed the SOFE exam, and Pass4Success was a lifesaver. There was a question about the accounting treatment of deferred acquisition costs in life insurance. I wasn't entirely sure how they are amortized over the life of the policy.
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Elli

2 months ago
The SOFE exam was tough, but I passed with flying colors, thanks to Pass4Success. One question that puzzled me was about the different types of health insurance plans and their specific benefits. I had to think about the distinctions between HMOs and PPOs.
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Eliz

3 months ago
Feeling accomplished! Passed SOFE AFE. Pass4Success, your prep was invaluable. Thanks!
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Phuong

3 months ago
I did it! I passed the SOFE exam, and Pass4Success was a big part of my preparation. There was a question on the exam about the key indicators of financial distress in insurance companies. I had to recall the significance of the combined ratio and loss ratio.
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Shenika

3 months ago
That's comprehensive. Thank you so much for all your insights!
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Lorean

4 months ago
Passing the SOFE exam was a great achievement for me, thanks to Pass4Success. One question that caught me off guard was about the various types of property insurance policies and their coverage limits. I wasn't sure about the exact differences between HO-3 and HO-5 policies.
upvoted 0 times
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Colene

4 months ago
Wow, the SOFE exam was tough, but I made it! Pass4Success questions were a lifesaver.
upvoted 0 times
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Raul

4 months ago
You're welcome! Best of luck with your exam preparation. Remember, Pass4Success was instrumental in my success. Their materials cover all these topics and more. You've got this!
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Alesia

4 months ago
The exam was challenging, but I made it through with the help of Pass4Success. There was a tricky question on the balance sheet components specific to life insurance companies. I had to think hard about the policyholder reserves and how they are reported.
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Sean

4 months ago
The exam includes ethical considerations in financial examination. Understand professional standards and conflict of interest scenarios. Pass4Success really helped reinforce these important principles.
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Brett

5 months ago
I recently passed the SOFE Accredited Financial Examiner exam, and the Pass4Success practice questions were incredibly helpful. One question that stumped me was about the differences between term life insurance and whole life insurance. I wasn't entirely sure about the specific benefits of each, but I managed to get through it.
upvoted 0 times
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Blair

5 months ago
Just passed the SOFE AFE exam! Pass4Success materials were spot-on. Thanks for the quick prep!
upvoted 0 times
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Delpha

5 months ago
Passing the SOFE Accredited Financial Examiner exam was a great achievement for me, and I attribute my success to the valuable practice questions provided by Pass4Success. The exam covered important topics such as aligning CEO's interests with shareholders and the influence of Tubbs' stock price growth on compensation. One question that I remember struggling with was about describing two reasons why alternative I may not align the CEO's interests with those of shareholders. Despite my initial uncertainty, I managed to pass the exam.
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Lavelle

6 months ago
My exam experience was challenging but rewarding as I passed the SOFE Accredited Financial Examiner exam with the assistance of Pass4Success practice questions. The exam included topics like aligning CEO's interests with shareholders and the impact of Tubbs' stock price growth on compensation. One question that I found particularly tricky was related to the reasons why alternative I may not align the CEO's interests with those of shareholders. Despite my uncertainty, I was able to pass the exam.
upvoted 0 times
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Antonio

7 months ago
Just passed the SOFE Certified: Accredited Financial Examiner exam! A key topic was financial statement analysis. Expect questions on interpreting balance sheets and income statements. Focus on understanding key ratios and their implications for insurers' financial health. Thanks to Pass4Success for the spot-on practice questions that helped me prepare efficiently!
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Jamal

7 months ago
I successfully passed the SOFE Accredited Financial Examiner exam with the help of Pass4Success practice questions. The exam covered topics such as flat salary plus bonus that is a function of Tubbs' stock price growth. One question that stood out to me was related to describing two reasons why alternative I may not align the CEO's interests with those of shareholders. Despite being unsure of the answer, I managed to pass the exam.
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Free SOFE AFE Exam Actual Questions

Note: Premium Questions for AFE were last updated On Feb. 03, 2025 (see below)

Question #1

To avoid double counting or omitting the effects of risks factors what should reflect assumptions that are consistent with those inherent in the cash flows?

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Correct Answer: C

Question #2

What encompasses investment income and gains and losses, as well as custody of investment and recordkeeping?

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Correct Answer: C

Question #3

To avoid double counting or omitting the effects of risks factors what should reflect assumptions that are consistent with those inherent in the cash flows?

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Correct Answer: C

Question #4

For reinsurance assumed, the concepts analogous to attachment points and limits.

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Correct Answer: D

Question #5

is the price in a hypothetical transaction at the measurement date in the market in which the reporting entity would transact for the asset or liability

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Correct Answer: D

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