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SOFA-CFE · Question #332

SOFA-CFE Question #332: Real Exam Question with Answer & Explanation

The correct answer is B. Earned premiums are calculated by simply taking the sum of the premiums written for the period. See the full explanation below for the reasoning.

Question

Which of the following is Correct?

Options

  • AUnearned premiums are calculated by simply taking the sum of the assumed written for the
  • BEarned premiums are calculated by simply taking the sum of the premiums written for the period
  • CEarned premiums are calculated by simply taking the sum of the premiums written for the period
  • DEarned premiums are calculated by simply taking the sum of the premiums written for the period

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Which of the following is Correct? | SOFA-CFE Q#332 Answer | NerdExam