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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
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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2
Question
“Industry” discount factors are computed and published by the Treasury annually and are based on

which of the following factor?
Options
A Both A and B
B Neither A nor B
C loss and loss adjustment expense payment patterns
D the interest rate which is determined by the Treasury annually
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3
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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4
Question
The premium which is earned over the contract period in relation to the expiration of risk is known as:
Options
A single premium
B None of the above
C annual premium
D monthly premium
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5
Question
A company normally will generate maximum after-tax return on investments by investing in tax exempt instruments.
Options
A False
B True
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