Selected AFE AFE Designation Questions Answers

Either immediately or at some future date, periodic income payments to one or more persons, perhaps with a certain guaranteed number of payments or with a minimum guaranteed amount for those annuities not having life contingencies

Either immediately or at some future date, periodic income payments to one or more persons, perhaps with a certain guaranteed number of payments or with a minimum guaranteed amount for those annuities involving life contingencies

Either immediately or at some future date, perpetual income payments to one or more persons, perhaps with a certain guaranteed number of payments or with a maximum guaranteed amount for those annuities involving life contingencies

Either immediately or at some future date, periodic income payments to one or more persons, perhaps with a certain small number of payments

case-basis reserves

computing reserves

aggregate reserves

None of the above

To ensure the comparability of financial data from year to year within each company and with similar data prepared by other companies

To ensure the comparability of financial data

To ensure the comparability of financial data from month to month within each company and with similar data prepared by other companies

To ensure the comparability of financial data from quarter to quarter within each company and with similar data prepared by other companies

70 percent of the insurance company’s regulatory capital

15 percent of the liabilities in respect of non-participating policies

25 percent of the liabilities in respect of participating policies

All of the above