SOFE
SOFA-CFE · Question #33
SOFA-CFE Question #33: Real Exam Question with Answer & Explanation
Sign in or unlock SOFA-CFE to reveal the answer and full explanation for question #33. The question stem and answer options stay visible for context.
Question
Which of the following is the correct formula to calculate the earned premium?
Options
- AEarned premium = (Policy premium x Unexpired coverage days) / Total number of days in the
- BEarned premium = (Interest premium + Unexpired coverage days) / Total number of days in the
- CEarned premium = (Policy premium x expired coverage days) / Total number of days in the policy
- DEarned premium = (Overhead premium _ Unexpired coverage days) / Total number of days in the
Unlock SOFA-CFE to see the answer
You've previewed enough free SOFA-CFE questions. Unlock SOFA-CFE for full answers, explanations, the timed quiz mode, progress tracking, and the master PDF. Question stem and options stay visible so you can still see what's on the exam.