Online Access Free AFE Exam Questions

The two major asset classes in which life insurers invest are:

• A.mortgages and annuities
• B.annuities and bonds
• C.bonds and mortgages
• D.bonds and investments

are contracts with the insurer which provide for periodic payments over a specified period or in specified amounts. In most respects they are administered and accounted for much like supplementary contracts without life contingencies since there are no mortality or morbidity considerations that affect the amount to be paid.

• A.Annuities due
• B.Mixed stream
• C.Ordinary Annuities
• D.Annuities certain

is provided by original documents is more reliable than audit evidence
provided by photocopies or facsimiles.

• A.Audit evidence
• B.Enterprise evidence
• C.Property evidence
• D.Regulatory evidence

Home office record-maintenance methods may include:

• A.use of planning procedures from main office for both premiums and cash
• B.maintenance of detailed entries for analytical purposes
• C.All of the above
• D.duplication of branch records

Which of the following is NOT included when initial acquisition of Subsidiary, Controlled and Affiliated Entities (SCA) is recorded as the sum of?

• A.the fair value of any expenses
• B.the fair value of other assets distributed
• C.any direct costs of the acquisition
• D.any cash payment