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AFE Exam Dumps : Accredited Financial Examiner

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Accredited Financial Examiner Questions and Answers

Question 1

The sum of values assigned by claims adjusters to specific known claims that were recorded by the insurance entity but not yet paid at the financial statement date is called:

Options:

A.

case-basis reserves

B.

computing reserves

C.

aggregate reserves

D.

None of the above

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Question 2

What is considered “pure” mortality protection?

Options:

A.

Life insurance

B.

Premium plan

C.

Transience policy

D.

Assurance plan

Question 3

The market in which the reporting entity would sell the asset or transfer the liability with the greatest volume and level of activity for the asset or liability is known as:

Options:

A.

Transfer market

B.

Transport market

C.

Principal market

D.

Turn-around market