SOFE-AFE : Worldwide IT certification Exam

SOFE
SOFE-AFE
Worldwide IT certification
https://killexams.com/pass4sure/exam-detail/SOFE-AFE
Question: 69
There are many different sources of CMBS. Conduits and aggregate pools generally consist of loans newly originated, purchased or held by investment bankers until the pool is large enough for an efficient execution. Government agencies such as the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corp. (FHLMC) are important sources of:
financing. mmercial financing.
tgage loans
r: A
on: 70
epresent the ownership interests in the net assets of the subsidiary held by persons outside the controllin structure?
rnal control ority interests
manent stockholder of the above
r: B
on: 71
antial investment is defined as any investment comprising more than 15 percent of an enterprise’s votin ter than 35 percent of its equity.
Residential financing
B2B
Co
Mor
Answe
Questi
What r g
entities’
1. Exte
2. Min
3. Per
4. None
Answe
Questi
A subst g shares
or grea
1. True
2. False
Answer: B
Question: 72
What are designed primarily to accumulate a fund for eventual liquidation via annuitization, so the savings element is predominant?
1. Variable annuities
2. Deferred annuities
3. Immediate annuities
4. None of the above
Answer: B
Question: 73
The value of the capital stock shown in the stock life insurance company’s statutory basis balance sheet equals the par value per share multiplied by the number of issued shares.
In the case of no-par stock:
1. The stated value per share is used (or liquidation value, for no-par preferred capital stock)
2. The Total value of shares is used (or liquidation value, for par preferred capital stock)
ital stock may be sold to the public for an amount greater than par or stated value
r: A
on: 74
ng premiums less return premiums arising from reinsurance purchased from other insurance entities are called: ng premiums
ct premiums
umed reinsurance premiums ed reinsurance premiums
r: D
on: 75
olicy periods expire, the premiums written are earned and are recognized as: ilities
enses enues
of the above
r: C
The market value per share is used (or liquidation value, for no-par preferred capital stock)
3. Cap
Answe
Questi
Outgoi
1. Rati
2. Dire
3. Ass
4. Ced
Answe
Questi
When p
1. Liab
2. Exp
3. Rev
4. None
Answe
Question: 76
Which projection method uses paid losses plus reserves on outstanding claims?
1. Average losses
2. Loss ratio
3. Incurred loss
4. None of the above
Answer: C
Question: 77
The SEC rules clarify that management’s assessment and report is limited to internal control over financial reporting.
1. True
2. False
Answer: A
Question: 78
nd of the accumulation phase.
r: B
on: 79
isk consists of:
of material misstatement ction of risk
A & B
her A nor B
r: C
on: 80
red settlements are agreements characterized by the periodic payment of fixed amounts to a claimant in tion with the settlement of a legal claim. Such payments may last for the lifetime of the payee or they m articular period of time, depending upon the terms of the settlement.
ty responsible for making structured settlement payments may make payments: ctly
claimant
The magnitude of the variable annuity benefits provided by a deferred annuity depends on the size of the account value at the e
1. True
2. False
Answe
Questi
Audit r
1. Risk
2. dete
3. Both
4. Neit
Answe
Questi
Structu
connec ay be
for a p
The par
1. Dire
2. To a
3. Any one of these
4. None of these
Answer: C

User: Orel***** I passed my SOFE-AFE exam with the help of Killexams.com, and all the questions on the exam were from their material. They were a true help for me during the SOFE-AFE exam, and I give all praise for my success to this guide. It guided me in the right manner for tackling SOFE-AFE exam questions, making me proficient enough to attempt all of them. This study material truly guides a person in the right way and ensures 100% success on the exam.

User: Pushka***** I am incredibly grateful to the entire team at Killexams.com for helping me pass my SOFE-AFE exam. The training material is superb, and I truly appreciate the great work done by all of you. I definitely plan to use your product for my subsequent exam.

User: Nur***** I renewed my Killexams.com subscription for the SOFE-AFE exam, and it was a wise decision. Their resources are invaluable, offering practice tests that helped me score above 95%. The team at Killexams.com provides exceptional support, and their materials are critical for anyone aiming for high marks in the SOFE-AFE exam.

User: Joaquín***** I am thrilled to share that I passed my SOFE-AFE exam this week, thanks to killexams.com’s well-engineered software. The simulations were spot-on, mirroring the real test and helping me tackle the exam’s challenging components. Their trustworthy materials made preparation straightforward, and I highly recommend them.

User: Rhodie***** Testprep materials, similar to the real SOFE-AFE exam, helped me achieve a 91% score. Recommended by a friend, their resources restored my confidence after initial hopelessness, and I am eager to use them for future certifications.

---