SOFE Exam SOFA-CFE Topic 9 Question 93 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 93
Topic #: 9

[All SOFA-CFE Questions]

When gross premiums written are reduced by ceded reinsurance premiums in financial statements, the result is termed as:

Anet premiums written

Bceded premiums

Cnet analyzed premiums

Dearn premiums written

Show Suggested Answer

Suggested Answer: B

by Tyra at Jul 13, 2024, 11:20 PM

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William

9 days ago

Earn premiums written? That's a new one. Is the exam question trying to trick us or something?

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Francesco

10 days ago

Hmm, I think it's C. Net analyzed premiums. Sounds like something an insurance accountant would say, you know?

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Latrice

11 days ago

Wait, isn't ceded premiums the correct answer? That's when you transfer part of the risk to a reinsurer, right?

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Kimi

15 days ago

I'm pretty sure it's option A. Reducing gross premiums by ceded reinsurance gives you net premiums written. Easy peasy!

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Cristy

17 days ago

I agree with Rocco, A) net premiums written is the correct term in this case.

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Rocco

18 days ago

I think it's A) net premiums written because it makes sense to subtract ceded reinsurance premiums from gross premiums.

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Mila

24 days ago

A) net premiums written

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