Real SOFA-CFE Exam Question Samples for Free

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SOFE SOFA-CFE Exam Sample Questions

Question: 4

_____________ is defined as an existing condition, situation, or set of circumstances involving uncertainty as to possible loss to an enterprise that will ultimately be resolved when one or more future event(s) occur or fail to occur.

  1. Compensation
  2. Impairment
  3. Reimbursement
  4. Contingency


Answer: B

Question: 3

What do not contribute to an insurer’s solvency as measured by statutory accounting requirements?

  1. Non-determined assets
  2. Non-admitted assets
  3. Unacknowledged assets
  4. Disallow assets


Answer: B

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Question: 1

Probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events is called:

  1. Asset
  2. Determined asset
  3. Operating Performance
  4. Investment property


Answer: A

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Question: 4

_____________ is defined as an existing condition, situation, or set of circumstances involving uncertainty as to possible loss to an enterprise that will ultimately be resolved when one or more future event(s) occur or fail to occur.

  1. Compensation
  2. Impairment
  3. Reimbursement
  4. Contingency


Answer: B

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The Developing of Lecturers who Improve Highschool Rankings

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Occupation of Lecturers in High school Rankings

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Question: 4

_____________ is defined as an existing condition, situation, or set of circumstances involving uncertainty as to possible loss to an enterprise that will ultimately be resolved when one or more future event(s) occur or fail to occur.

  1. Compensation
  2. Impairment
  3. Reimbursement
  4. Contingency


Answer: B

Question: 3

What do not contribute to an insurer’s solvency as measured by statutory accounting requirements?

  1. Non-determined assets
  2. Non-admitted assets
  3. Unacknowledged assets
  4. Disallow assets


Answer: B

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