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AFE Exam Dumps : Accredited Financial Examiner

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Question 1

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

Options:

A.

any cash payment

B.

the fair value of other assets distributed

C.

the fair value of any expenses

D.

any direct costs of the acquisition

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Question 2

Investments in equities by a life insurance company may not exceed the total of

Options:

A.

70 percent of the insurance company’s regulatory capital

B.

15 percent of the liabilities in respect of non-participating policies

C.

25 percent of the liabilities in respect of participating policies

D.

All of the above

Question 3

The market in which the reporting entity would sell the asset or transfer the liability with the greatest volume and level of activity for the asset or liability is known as:

Options:

A.

Transfer market

B.

Transport market

C.

Principal market

D.

Turn-around market

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