SOFE Exam SOFA-CFE Topic 5 Question 87 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 87
Topic #: 5

What is an agreement that releases the reinsurer of all its obligations under the original reinsurance agreement for a negotiated consideration as a final settlement?

AStatutory Act

BAccounting practices

Ccommutation

DNone of the above

Show Suggested Answer

Suggested Answer: A

by Desmond at May 12, 2024, 05:53 PM

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Eden

11 days ago

I'm not sure, but I think it's C) commutation too.

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Chantay

12 days ago

I agree with Luis, commutation makes sense as the final settlement.

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Luis

25 days ago

I think the answer is C) commutation.

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