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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Francoise

2 months ago

I'm going with A. Net premiums written. It just makes the most sense, you know? Unless the insurance gods are playing some kind of cruel joke on us.

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Dominga

10 days ago

User 3: Definitely A) net premiums written. It's the net amount retained by the insurer.

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Kanisha

19 days ago

User 2: Yeah, I think so too. It's the amount left after ceding reinsurance.

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Renay

24 days ago

User 1: I agree, A) net premiums written seems like the logical choice.

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William

2 months ago

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

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Narcisa

1 months ago

B) ceded premiums

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Leah

1 months ago

No, it's not trying to trick us. Earn premiums written is just another way of saying net premiums written.

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Irving

2 months ago

A) net premiums written

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Francesco

2 months 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

2 months 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

2 months 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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Ozell

29 days ago

Got it, thanks for the clarification!

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Leila

1 months ago

So, net premiums written is the term used when gross premiums are reduced by ceded reinsurance premiums.

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Nana

1 months ago

Yeah, that's correct. Net premiums written is the result.

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Karl

1 months ago

I think you're right, it's definitely option A.

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Cristy

2 months ago

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

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Rocco

2 months 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

3 months ago

A) net premiums written

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