[2026] IFPUG Accredited Financial Examiner (AFE)

문제1

In what, securities involve in repos are not delivered on the settlement date of the agreement and the contract may be extended upon mutual agreement of the buyer-lender and seller-borrower.

A. Purchasing agreements

B. Price-cap

C. Rollover

D. Financial servicing

정답: C

문제2

Federal Housing Administration:

A. All of these

B. Establishes standards for property that can not be insured and maximum terms, interest rates, and amounts for the insured loans

C. Agency does not make loans; upon default, the lender has the option either of assigning the mortgage to the FHA and receiving cash and/or securities equal to the loan amount at the date of the default or of foreclosing on the mortgaged property

D. Agency does not make loans; it only insures them. For this protection the borrower must pay an annual insurance premium to the FHA of 0.5 percent of the outstanding principal amount of the loan

정답: C,D

문제3

In case of supplementary contracts, the amount of each payment is computed on the basis of the assumed (or guaranteed) interest rate and the number and frequency of payments selected. For example:

A. The higher the assumed interest rate, the smaller the amount of each payment

B. The higher the actual interest rate, the larger the amount of each payment

C. The lower the assumed interest rate, the larger the amount of each payment

D. The higher the assumed interest rate, the larger the amount of each payment

정답: D

문제4

Policy loan:

A. Interest rate is raised to eight percent

B. On policies are valuable to the policyholders, and insurers encourage them to protect this feature by saving it for emergency use

C. Do not have variable principal payments or a maturity

D. Interest rate was raised to eight percent, and later variable rates were approved

정답: B

문제5

In which of the following, Internal entity experience or information from published sources concerning recent trends in socioeconomic factors affecting claim payments:

A. general inflation rates

B. judicial decisions assessing liability

C. judicial decisions regarding noneconomic damages

D. All of the above

정답: D

문제6

is an agreement between two counterparties to enter into a particular
transaction at a specified date in the future at an agreed-upon price.

A. Future decision

B. Future cost plan

C. Future agreement

D. Future contract

정답: A

문제7

What is the purpose of consolidated financial statements?

A. These statements are intended to reflect the financial position and results of operations of a credited entity rather than a supplemental entity.

B. These statements are intended to ignore the financial position and results of operations of an economic entity rather than an unofficial entity.

C. These statements are intended to reflect the financial position and results of operations of an economic entity rather than a legal entity.

D. None of the above

정답: C

문제8

In a yield-maintenance agreement:

A. the securities repurchased may have a different stated interest rate from that of the securities sold and are generally priced to result in substantially the different yield.

B. the securities repurchased may have a different stated interest rate from that of the securities sold and are generally priced to result in substantially the same yield.

C. the securities repurchased may have the same stated interest rate from that of the securities sold and are generally priced to result in substantially the same yield.

D. the securities repurchased may have a same stated interest rate from that of the securities sold and are generally priced to result in substantially the different yield.

정답: C

문제9

With the advent of adjustable rate mortgages, amortization schedules are adjusted periodically as dictated by the terms of the loan agreement. A _____________file is used to indicate when to adjust the rate. Most computer software systems can adjust amortization schedules by reminding the company of change dates, accept current rate adjustments, and to produce new schedules.

A. Excel

B. Automated software

C. Tickler or reminder

D. Emergency

정답: C

문제10

Which of the following is NOT the type of Merit rating?

A. Policy rating

B. Experience rating

C. Schedule rating

D. Retrospective Experience rating

정답: A

문제11

What is the second-order measure of the interest rate sensitivity of an instrument and the sensitivity of duration to changes in interest rates?

A. Convexity

B. Time compliance

C. Performance measure

D. Complexity

정답: A

문제12

of a life and health insurance
A logical first step toward understanding
company and the related financial reporting considerations is to review the manner in which different interested parties view the end result of the accounting process for capital and surplus transactions, for example, the adequacy of the resulting balances.
Key interested parties include:
* Policyholders
* Agents
* Stockholders
* Insurance regulators
* Rating agencies
* Management

A. Supplementary loan agreements

B. Risk-based capital investments

C. The capital and surplus accounts

D. Mortgage loans

정답: C

IFPUG Accredited Financial Examiner (AFE) - AFE무료 덤프문제 풀어보기

우리와 연락하기

유용한 링크

최신 업데이트