Certified Financial Examiner (CFE) - Pass4Sure

1 CFEF inancialCertified Financial Examiner (CFE) CFE practice exam is written and formatted by Certified Senior IT Professionals working intoday's prospering companies and data centers all over the world! The CFE Practice Test coversall the exam topics and objectives and will prepare you for success quickly and CFE exam is very challenging, but with our CFE questions and answers practice exam, you can feel confident in obtaining your success on the CFE exam on your FIRST TRY! Financial CFE Exam Features - Detailed questions and answers for CFE exam - Try a demo before buying any Financial exam - CFE questions and answers, updated regularly - Verified CFE answers by Experts and bear almost 100% accuracy - CFE tested and verified before publishing - CFE exam questions with exhibits - CFE same questions as real exam with multiple choice optionsAcquiring Financial certifications are becoming a huge task in the field of More over theseexams like CFE exam are now continuously updating and accepting this challenge is itself a CFE test is an important part of Financial certifications.

2 We have the resources to prepare you for this. The CFE exam is essential and core part of Financial certifications andonce you clear the exam you will be able to solve the real life problems to take advantage of the Real CFE Test and save time and money while developing your skills to pass your Financial CFE Exam? Let us help you climb that ladder of success and pass your CFE now!QUESTION:1 Probable future economic benefits obtained or controlled by a particular entity as a resultof past transactions or events is called:A . A s s e tB. Determined assetC. Operating PerformanceD. Invest ment propertyAnswer:AQUESTION:2 What are recognized and accepted by state insurance departments in evaluating thes o l v e n c y o f a n i n s u r e r f o r s t a t u t o r y a c c o u n t i n g p u r p o s e s ?A . A s s e t sB. Determined assetsC. Admitted assetsD. Altered assetsAnswer:CQUESTION:3 What do not co ntr ibut e to an insurer s so lve ncy as measur ed by st at utory ac co unt ingrequirements?

3 A . N o n - d e t e r m i n e d a s s e t sB. Non-admitted assetsC. Unacknowledged assetsD. Disallow assetsAnswer:BQUESTION:4_____ is defined as an existing condition, situation, or set of circumstancesi n v o l v i n g u n c e r t a i n t y a s t o p o s s i b l e lo s s t o a n e n t e r p r i s e t h a t w i l l u lt i m a t e l y b e r e s o l v e dwhen one or more future event(s) occur or fail to . C o m p e n s a t i o nB. ImpairmentC. Re imbur se mentCFE2 ContingencyAnswer:BQUESTION:5 Any securities representing a creditor relationship, whereby there is a fixed schedule forone or more future payments are called:A . A d m i t t e d a s s e t sB . P o l i c y i m b u r s e m e n tC. Y ie ld a mo u ntD. Bo ndsAnswer:DQUESTION:6 The amount the owner expects to receive when the bond matures is known as:A . M a t u r i t y v a l u eB. Ripe valueC. Par valueD.

4 Developed valueAnswer:CQUESTION:7If the price is higher than par, the excess is the _____; if the price is lower thanpar, the deficiency is the . b o n d s u r p l u s a n d b o n d d e f i c i tB. bond schedu le and bond reportedC. bo nd pre miu m a nd bond d isco untD. bond capitalization and bond depreciatedAnswer:CQUESTION:8 The amount of the impairment is the difference between the net fair value (appraised)v a l u e l e s s e s t i ma t e d c o s t s t o s e l l) o f t h e c o l la t e r a l a n d t h e i n s u r e r s r e c o r d e d i n v e s t me n ti n :CFE3 . m o r t g a g eB. fair valueC. real stateD. valuation of securitiesAnswer:AQUESTION:9 Any real estate which is owned by and more than 50 percent occupied (based on rentablesquare footage) by an insurer and its affiliates is considered property occupied by . T r u eB. Fa lseAnswer:AQUESTION:10A market quote or an appraisal is used to determine what of property held for sale?

5 A . c a s h e q u i v a l e n t sB . a n nu a l fa ir va l u eC. property valueD. current fair valueAnswer:DQUESTION:11 All investments with remaining maturities (or repurchase dates under repurchaseagreements) of one year or less at the time of acquisition are called:A . I n s u r e d i n v e s t m e n t sB. Long-term investmentsC. Short-term investmentsD. Cash investmentsAnswer:CQUESTION:12 CFE4 rep re se nt s bala nces du e fro m bro ker s when a secur it y has been so ld, but t heproceeds have not been received?A . P a y a b l e f o r s e c u r i t i e sB. Receivable for securitiesC. Security balancingD. Premium securityAnswer:BQUESTION:13 Balances due within thirty days of the settlement date are included as a receivable . T r u eB. Fa lseAnswer:BQUESTION:14 When the insurer or the intermediary may prepare a monthly recapitulation of premiumand co mmissio n t ransact io ns betwee n t he part ies, commo nly c a lled:A.

6 A c c o u n t c u r r e n tB. account reimbursementC. ba lance shareD. premium debtsAnswer:AQUESTION:15 What include balances due from the insurer s brokers (collectively referred to as agents b a l a n c e s ) f o r p r e m i u m o n p o l i c i e s w r i t t e n ?A . c o l l e c t e d p r e m i u m sB. account premiumsC. Direct balanceD . A g e n t s b a l a n c e sAnswer:DCFE5 - More than 98,800 Satisfied Customers Worldwide. - Average Success Rate. - Over 120 Global Certification Vendors Covered. - Services of Professional & Certified Experts available via support. - Free 90 days updates to match real exam scenarios. - Instant Download Access! No Setup required. - Price as low as $19, which is 80% more cost effective than others. - Verified answers researched by industry experts. - Study Material updated on regular basis. - Questions / Answers are downloadable in PDF format.

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