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Certified Financial Examiner SOFE-CFE (SOFE-CFE) - SOFE Exam Questions

Last updated on June 20, 2026

97% Exam Compliance
416 Total Questions
1
Question
Which if the following is the possible source of taxable income may be available under the tax law to realize a tax benefit for deductible temporary differences and carryforwards?
Options
A All of the above
B Taxable income in prior carryback year(s), if carryback is permitted
C Future taxable income exclusive of reversing temporary differences and carryforwards
D Future reversals of existing taxable temporary differences
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2
Question
There are two periods of time over which claims are analyzed:
Options
A accident year and ceded year
B adjusting year and sales year
C accident year and policy year
D mortgage year and policy year
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3
Question
Changes in the deposit asset (liability), other than the unexpired portion of the coverage provided, are recorded as an accounting against the reimbursable loss.
Options
A False
B True
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4
Question
Under GAAP, costs that vary with and are primarily related to the acquisition and issuance of insurance policies are known as:
Options
A cause and effect costs
B deferred policy acquisition costs
C insurance policy acquisition costs
D application assistance policy costs
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5
Question
Which reports are also generated to indicate results from each rein surer by policy year or accident year?
Options
A Ceded reinsurance experience
B Policy Year
C Reinsurance Recoverable
D Individual Risk Experience
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