SOFE Exam SOFA-CFE Topic 6 Question 91 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 91
Topic #: 6

[All SOFA-CFE Questions]

The premium which is earned over the contract period in relation to the expiration of risk is known as:

Amonthly premium

Bannual premium

Csingle premium

DNone of the above

Show Suggested Answer

Suggested Answer: B

by Frederick at Jul 05, 2024, 03:40 AM

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Crista

11 days ago

I'm pretty sure it's D) None of the above. The question is asking about the premium earned over the contract period, not the premium paid.

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Clare

12 days ago

That makes sense. I agree with you, Franchesca.

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Franchesca

13 days ago

I think it's C) single premium because it's paid all at once.

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Fabiola

15 days ago

Hmm, this one's tricky. I think it might be C) single premium, since that's the premium paid upfront for the entire contract period.

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Clare

16 days ago

What is the premium earned over the contract period called?

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Sang

17 days ago

I'm not sure, but I think it could also be A) monthly premium since it's earned periodically.

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Cherri

18 days ago

I agree with Tasia. Single premium makes sense because it's earned over the contract period.

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Tasia

25 days ago

I think the answer is C) single premium.

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