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  • Exam Name: Accredited Financial Examiner
  • Last Update: 18-Jun-2025
  • Questions and Answers: 286
  • Single Choice: 275 Q&A's
  • Multiple Choice: 11 Q&A's

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AFE Questions and Answers

Question # 1

The sum of values assigned by claims adjusters to specific known claims that were recorded by the insurance entity but not yet paid at the financial statement date is called:

A.

case-basis reserves

B.

computing reserves

C.

aggregate reserves

D.

None of the above

Question # 2

______ is used when the rates for large or usual risks are established almost entirely by the skill and experience of the rate maker.

A.

Expertise rating

B.

Premium rating

C.

Class rating

D.

Individual rating

Question # 3

The nature and extent of interest rate risk, credit risk, reinsurance risk and other significant risks should be disclosed is required for:

A.

Actuarial revenues

B.

Actuarial assets

C.

Actuarial liabilities

D.

Actuarial expenses

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