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SOFA-CFE PDF
SOFE SOFA-CFE PDF

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Q1.

Probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events is called:

Answer: A
Q2.

What are recognized and accepted by state insurance departments in evaluating the solvency of an insurer for statutory accounting purposes?

Answer: C
Q3.

What do not contribute to an insurer's solvency as measured by statutory accounting requirements?

Answer: B
Q4.

_____________ is defined as an existing condition, situation, or set of circumstances involving uncertainty as to possible loss to an enterprise that will ultimately be resolved when one or more future event(s) occur or fail to occur.

Answer: B
Q5.

Any securities representing a creditor relationship, whereby there is a fixed schedule for one or more future payments are called:

Answer: D

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