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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
What permits all bonds “in good standing” to be carried at their amortized cost in the statutory balance sheet?
Options
A Temporary Impairment Application investment
B National institute of insurance
C National Association of Insurance Commissioners
D Policy holder association
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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
What focused on the corporate responsibility for the appropriateness of the financial statements and related disclosures for public companies?
Options
A Sarbanes-Oxley Act
B Financial Reporting ct
C Company Corporate Act
D Audit Insurance Act
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4
Question
Bituminous Casualty Corp. affirmed the propriety of treating what as an unearned premium reserve,

which results in the reduction of underwriting income.
Options
A treasury credit reserve
B revolutionary act
C prospective rate debt reserve
D retrospective rate credit reserve
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5
Question
For which contracts, increasing the liabilities typically would be the most appropriate method when
recognizing the charge to current income.
Options
A accounting reimbursement
B retroactive reinsurance
C retroactive
D ultimate inception
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