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SOFE AFE Designation (AFE) Free Practice Questions

Getting ready for your SOFE AFE Designation AFE exam can feel like a big hurdle, right? Don't worry, we've got your back! Jump into our completely free AFE practice questions - they're just like the real test, designed to help you get comfortable and pinpoint exactly what you need to study more. Let's get you feeling super confident for exam day!

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21. The risk that the obligation will not be fulfilled and affects the value at which...
22. The agents submit to the insurance entity a statement of all policies issued or due...
23. What is characterized by liabilities “shorter” than assets, which can lead to the liquidation of...
24. Subsequent to the funding of a loan, the most common document/s obtained is/are:
25. Reduction for salvage is:
26. All operations under common control are combined, intercompany balances and transactions are eliminated and the...
27. What is the act in which the main sections are for Canadian companies and for...
28. The arrangements by which pools manage separate accounts for each pool member from which the...
29. _______ is contractual right of recovery that entitles the insurer to any proceeds from the...
30. Liabilities are recognized for known claims when sufficient information has been developed to indicate the...
31. Many companies have developed an asset/liability management approach that is founded on understanding product liabilities.
32. is provided by original documents is more reliable than audit evidence provided by photocopies or...
33. GAAP have two important functions.
34. A package of coverage including most property and liability coverage except workers’ compensation, automobile insurance...
35. Structured settlements are agreements characterized by the periodic payment of fixed amounts to a claimant...
36. Most life insurance companies that are taxable in Canada fall into which one of the...
37. What is considered “pure” mortality protection?
38. Fair quoted techniques used to measure fair value should maximize the use of observable inputs...
39. Duration is a measure of the first-order interest rate sensitivity of a financial instrument.
40. The purest representation of asset/liability dynamics is instead through ____________, which measure assets and liabilities...

SOFE AFE Summary

  • Vendor: SOFE
  • Product: AFE
  • Update on: Aug 19, 2025
  • Questions: 286
  • Page: 2 / 5
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TESTED 19 Aug 2025