SOFE
AFE · Question #126
The method used to account for insurance and reinsurance contracts that do not transfer insurance risk is referred to as:
The correct answer is D. Deposit accounting. See the full explanation below for the reasoning.
Question
The method used to account for insurance and reinsurance contracts that do not transfer insurance risk is referred to as:
Options
- AAccounted revenue
- BPremium deficiency
- CRetained balance
- DDeposit accounting
How the community answered
(25 responses)- A4% (1)
- B12% (3)
- C8% (2)
- D76% (19)
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