AFE 시험 - SOFE실제시험문제와 답 - 286문항

Question No : 1

Which of the following is NOT the primary consideration for defining the capital of a company for purposes of measuring capital adequacy?

A.Permanence
B.Freedom from mandatory fixed charges
C.Debtors of the business
D.Creditors of the business

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Question No : 2

Reduction for salvage is:

A.the estimated amount payable by the vendor from the disposition of damaged or recovered property
B.the actual amount receivable by the claimer from the temperament of damaged property
C.the actual amount payable by the investor from the disposition of damaged or recovered property
D.the estimated amount receivable by the insurer from the disposition of damaged or recovered property

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Question No : 3

An entity’s practices concerning loss settlement, such as a practice of vigorously defending suits or of quickly settling suits, can have a significant effect on an entity’s loss experience.

A.True
B.False

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Question No : 4

In which premium income less return premiums arising from policies issued by the entity collecting the premiums and acting as the primary insurance carrier?

A.Indirect premium
B.Direct premium
C.Reinsurance premium
D.Entity premium

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Question No : 5

Primary coverage involves policies written between an insurer and a customer directly.

A.True
B.False

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Question No : 6

In which of the following, Internal entity experience or information from published sources concerning recent trends in socioeconomic factors affecting claim payments:

A.general inflation rates
B.judicial decisions assessing liability
C.judicial decisions regarding noneconomic damages
D.All of the above

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Question No : 7

Excess liability:

A.covers the insured against the loss in access of an actual amount, but only for profits as covered and defined in a predetermined planning.
B.covers the insured against the loss in access of an actual amount, but only for profits as covered and defined in an underlying policy.
C.covers all uninsured against the gain in access of a stated amount, but only for losses as covered and defined in an underlying policy.
D.covers the insured against the loss in access of a stated amount, but only for losses as covered and defined in an underlying policy.

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Question No : 8

According to Securities and Exchange Commission (SEC), “the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a person, whether through the ownership of voting shares, by contract, or otherwise” is called:

A.Control
B.Influence
C.Activity
D.Entitlement

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Question No : 9

By quantifying interest rate sensitivity, investment risk and can also indicate corrective actions.

A.Experimental measure
B.Investment measures
C.Quantifiable measures
D.Duration measure

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Question No : 10

The evaluation and subsequent purchase or sale of investments is based on the judgment of the entity’s investment and finance committees.

A.True
B.False

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Question No : 11

What represent the ownership interests in the net assets of the subsidiary held by persons outside the controlling entities’ structure?

A.External control
B.Minority interests
C.Permanent stockholder
D.None of the above

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Question No : 12

Which of the following is the objective to the evaluation and risk-accepting function?

A.Evaluating and acceptability of risk
B.Determining the premium
C.Evaluation of entity’s capacity to retain risk
D.All of the above

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Question No : 13

The magnitude of the variable annuity benefits provided by a deferred annuity depends on the size of the account value at the end of the accumulation phase.

A.True
B.False

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Question No : 14

When a retained asset account is established in the place of a cash settlement, an interest bearing account is created by the insurer for the beneficiary. The beneficiary receives a checkbook with which to draw upon funds in the new account.
The account holder can make:

A.Partial or total withdrawal of the account balance as needed and has total control over the account
B.Partial withdrawal of the account balance as needed and has total control over the account
C.Total withdrawal of the account balance as needed and has total control over the account
D.25% withdrawal of the account balance as needed and has total control over the account.

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Question No : 15

Experience refund provisions of group insurance contracts are most often concerned with the manner of distributing any profits between the insurer and the insured group. The agreements usually contain provisions specifying how losses will affect the profit allocations for the insured group.
In such situation:

A.Losses may or may not be charged back
B.Losses can never be charged back
C.Gains are distributed according to the agreement between both the parties
D.If charged back, losses for each group are usually accumulated for a certain number of years

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SOFE AFE 시험