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SOFE SOFA-CFE Exam Questions

Exam Name: Certified Financial Examiner
Exam Code: SOFA-CFE
Related Certification(s): SOFE Certified Financial Examiner Certification
Certification Provider: SOFE
Actual Exam Duration: 90 Minutes
Number of SOFA-CFE practice questions in our database: 415 (updated: Nov. 21, 2024)
Expected SOFA-CFE Exam Topics, as suggested by SOFE :
  • Topic 1: The Legal Basis of Insurance Contracts/ Types of Reinsurance Treaties
  • Topic 2: Types of Reinsurance and Reinsurance Program Design/ Insurance Regulation
  • Topic 3: The Claim Function, Loss Reserving & Claims Adjusting/ Reinsurance Treaties
  • Topic 4: Insurance Risk Mechanisms and Risk Management/ The Reinsurance Placement Process
  • Topic 5: The Functions of Insurance, Ratemaking/ Commercial Liability Insurance Coverage
  • Topic 6: General Liability Insurance for Individuals/ The Private Insurance Industry
  • Topic 7: Insurer Strategic Management/ Automobile Insurance Coverage
  • Topic 8: Commercial Property Insurance/ Introduction to Reinsurance
  • Topic 9: The Underwriting Function/ The Marketing Function/ The Reinsurance Function
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Kimberlie

5 days ago
The SOFE Certified Financial Examiner exam was tough, but with the help of Pass4Success, I passed! One question that puzzled me was related to Customer Service and Communication. It asked about the most effective communication channels for customer support, and I was unsure, but I managed to pass.
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Adela

9 days ago
Thrilled to have passed the SOFE CFE exam! Pass4Success's questions were incredibly similar to the real thing. Thank you for the fantastic preparation!
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Shawn

20 days ago
I am thrilled to have passed the SOFE Certified Financial Examiner exam, and I owe it to the Pass4Success practice questions. There was a question on the best practices for Service Desk Operations that I found particularly challenging. I wasn't sure about the optimal ticketing system to use, but I still passed.
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Josefa

1 months ago
Passed thanks to thorough preparation! The exam includes questions on emerging risks in finance. Stay updated on fintech, cryptocurrencies, and their regulatory implications.
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Tamra

1 months ago
Passing the SOFE Certified Financial Examiner exam was a great achievement for me, and the Pass4Success practice questions played a crucial role. One question that caught me off guard was about the essential components of a Service Desk Strategy. I wasn't confident about the strategic planning aspects, but I made it through.
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Hyman

2 months ago
Wow, the SOFE CFE exam was tough, but I made it! Pass4Success's materials were a lifesaver. Grateful for their efficient prep resources.
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Sarah

2 months ago
Thanks so much for all the insights! This will really help my preparation.
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Aron

2 months ago
The SOFE Certified Financial Examiner exam was a challenging experience, but thanks to Pass4Success, I passed! There was a tricky question on how to effectively manage team dynamics in Team Management and Development. I was unsure about the best approach to handle conflicts within a team, but I still succeeded.
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Cordelia

2 months ago
Ethics questions often presented dilemmas requiring careful consideration. Study professional codes of conduct and ethical decision-making frameworks. Practice applying ethical principles to complex financial situations.
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Susana

2 months ago
I recently passed the SOFE Certified Financial Examiner exam, and I must say, the Pass4Success practice questions were incredibly helpful. One question that stumped me was about the key metrics used in Continual Service Improvement. I wasn't entirely sure about the specific KPIs to track, but I managed to pass the exam regardless.
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Ronald

2 months ago
Just passed the SOFE CFE exam! Pass4Success's practice questions were spot-on. Thanks for helping me prepare so quickly!
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Orville

3 months ago
Passing the SOFE Certified 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 like Types of Reinsurance and Reinsurance Program Design. One question that I recall was related to the different types of reinsurance treaties, specifically quota share and excess of loss. It required a good understanding of reinsurance concepts, but I was able to answer it correctly.
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Queenie

4 months ago
My exam experience was challenging but rewarding as I successfully passed the SOFE Certified Financial Examiner exam with the assistance of Pass4Success practice questions. The topics of Types of Reinsurance and Reinsurance Program Design were crucial for the exam. One question that I remember was about insurance regulation, particularly the role of state insurance departments in overseeing insurance companies. It was a tough one, but I took my time and selected the most logical answer.
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Ronnie

5 months ago
Just passed the SOFE CFE exam! Be prepared for questions on financial statement analysis, especially interpreting key ratios. Study how to assess a company's liquidity and solvency using financial statements. Thanks to Pass4Success for their spot-on practice questions that helped me prep quickly!
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Naomi

5 months ago
I just passed the SOFE Certified Financial Examiner exam and I couldn't have done it without the help of Pass4Success practice questions. The exam covered topics like Types of Reinsurance Treaties and Insurance Regulation. One question that stood out to me was related to the legal basis of insurance contracts, specifically regarding the principle of utmost good faith. It was a bit tricky, but I managed to answer it correctly.
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Free SOFE SOFA-CFE Exam Actual Questions

Note: Premium Questions for SOFA-CFE were last updated On Nov. 21, 2024 (see below)

Question #1

The major difference between fraud and billing schemes is that payroll and expense frauds involve disbursements to external parties rather than to employees.

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Correct Answer: B

Question #2

According to Wheelwright; branch of philosophy which is the systematic study of reflective choice, of the standards of right and wrong by which a person is to be guided, and of the goods toward which it may ultimately be directed id called:

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Correct Answer: A

Question #3

The most common method of misappropriating funds from the payroll is the:

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Correct Answer: C

Question #4

_________________ are potential obligations that will materialize only if certain events occur in future.

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Correct Answer: C

Question #5

According to Accounting Changes and Errors Corrections, which of the following is NOT the type accounting change that must be disclosed to avoid misleading the user of financial statements?

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Correct Answer: D

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