SOFA-CFE Exam (SOFA) - SOFE Actual Exam Questions
Last updated on May 01, 2026
A company must agree to notify the New York Stock Exchange promptly if which of the following several enumerated events occur:
any change in the general character or nature of its business
any change of officers or directors
any change in its independent public accountants
All of the above
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According to Wheelwright; branch of philosophy which is the systematic study of reflective choice, of the standards of right and wrong by which a person is to be guided, and of the goods toward which it may ultimately be directed id called:
Ethics
Morality
Legality
Saintliness
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What is a form of reinsurance whereby the reinsurers and the reinsured both share a proportional part of the original premiums?
Pro rata
Partial fix
Pre-defined data
None of the above
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What is the total amount of checks, wire transfers or drafts issued in settlement of claims for the risks insured by the company?
Traditional settlements
Losses paid
Secured claims payment
Short-tail claims payment
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The higher the degree of that reliance, the more time-consuming and costly the audit process is likely to be.
True
False
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