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Accredited Financial Examiner

Last Update 14 hours ago Total Questions : 286

The Accredited Financial Examiner content is now fully updated, with all current exam questions added 14 hours ago. Deciding to include AFE practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our AFE exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these AFE sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any Accredited Financial Examiner practice test comfortably within the allotted time.

Question # 81

An estimate due to time lags in the receipt of reports from cendants is called reinsurance.

A.

True

B.

False

Question # 82

It refers to items such as interest paid on proceeds from the date due to the date actually disbursed, and to interest on premium deposit funds. These interest items are reflected by the increase in reserves or liability, from one year to the next. What is it?

A.

Interest contract funds

B.

Interest on policy

C.

Contract funds

D.

B or C

Question # 83

There are many different sources of CMBS. Conduits and aggregate pools generally consist of loans newly originated, purchased or held by investment bankers until the pool is large enough for an efficient execution. Government agencies such as the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corp. (FHLMC) are important sources of:

A.

Residential financing

B.

B2B financing.

C.

Commercial financing.

D.

Mortgage loans

Question # 84

Which investments held by life insurance enterprises should be carried in the balance sheet at amortized cost?

A.

Appraisal-term acts

B.

Variable-term portfolio

C.

Fixed-term portfolio

D.

Revenue-earned portfolio

Question # 85

When dividends are left to accumulate at interest, the insurer typically sends a notice to each policyholder showing the amount accumulated at the end of the policy year. The notice also shows the dividend credited and interest earned for that policy year. The dividend left at interest may later be received by or credited to the policyholder in several ways. Which of the following is/are out of those ways?

A.

As a cash withdrawal.

B.

As premium applied to the purchase by the policyholder of paid-up insurance.

C.

As marketable securities

D.

As premium to pay up or mature the policy.

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