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Failing the AFE means paying the registration fee all over again, plus weeks of lost momentum. The IFPUG Accredited Financial Examiner (AFE) practice material from 2Pass4sure is built to help you succeed on the first attempt, with 286 questions that mirror the scope of the official syllabus.
IFPUG AFE Exam Overview:
| Certification Vendor: | Society of Financial Examiners (SOFE) |
|---|---|
| Exam Name: | Accredited Financial Examiner Examination Series |
| Exam Number: | AFE1, AFE2, AFE3, AFE4 |
| Exam Price: | $200 USD (member), $275 USD (non-member) per exam |
| Real Exam Qty: | 50 per exam |
| Exam Format: | Multiple Choice |
| Available Languages: | English |
| Certificate Validity Period: | 36 months per exam credit |
| Exam Duration: | 180 per exam |
| Related Certifications: | Accredited Insurance Examiner (AES) Certified Financial Examiner (CFE) |
| Passing Score: | 70% per exam |
| Recommended Training: | SOFE Official Study Guides NAIC Financial Condition Examiners Handbook |
| Exam Registration: | SOFE Testing Portal SOFE Official AFE Page |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored or in-person at approved locations |
| Pre Condition: | Bachelor's degree in accounting/related field or CPA; or bachelor's in other field + college-level accounting, finance/economics, business law courses; SOFE membership recommended; 2 years relevant insurance regulatory experience preferred |
| Official Syllabus URL: | https://www.sofe.org/education/accredited-financial-examiner.html |
IFPUG AFE Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: AFE4: Property and Liability Insurance Accounting | 25% | - Regulatory solvency reporting - Investment income and asset valuation - Loss reserving and claim liabilities - Statutory accounting for P&C insurers |
| Topic 2: AFE1: Life and Health Insurance Fundamentals | 25% | - Industry operations and market conduct - Underwriting and risk assessment - Insurance products and policy structures - Regulatory and legal framework |
| Topic 3: AFE2: Property and Liability Insurance Fundamentals | 25% | - Policy provisions and contract law - Regulatory oversight and compliance - Property and casualty coverage types - Risk management and loss control |
| Topic 4: AFE3: Life and Health Insurance Accounting | 25% | - Statutory Accounting Principles (SAP) - Financial statement analysis - Premium and reserve accounting - NAIC reporting requirements |
AFE Exam FAQ: What Candidates Ask Most
The IFPUG Accredited Financial Examiner (AFE) (exam code AFE) is the exam you pass to earn the Accredited Financial Examiner (AFE) certification, a credential at the Professional level. It is also connected with related credentials such as Certified Financial Examiner (CFE), Accredited Insurance Examiner (AES). If you are mapping out a certification path with IFPUG, this exam is a milestone worth planning around.
The AFE exam includes 50 per exam questions, and you have 180 per exam to complete them. With that many questions on the clock, pacing is part of the challenge: divide your time into rough blocks as you go, and flag the items that stall you so you can circle back at the end instead of burning minutes on a single question. A week or two before your exam date, sit at least one full timed session in the 2Pass4sure test engine under the same time limit, so the pace feels familiar rather than frantic on the day.
You need 70% per exam to pass the AFE exam, and the official registration fee is $200 USD (member), $275 USD (non-member) per exam. That fee is due again in full for every retake, which makes thorough preparation the cheaper investment by far. Before you book your seat, test yourself with the 2Pass4sure practice questions until you are scoring comfortably above the passing mark on a consistent basis — it is the simplest way to avoid paying for the same exam twice.
Bachelor's degree in accounting/related field or CPA; or bachelor's in other field + college-level accounting, finance/economics, business law courses; SOFE membership recommended; 2 years relevant insurance regulatory experience preferred
Eligibility rules can be adjusted by IFPUG over time, so before you register, confirm the current requirements on the official exam page: view the official AFE exam information.
You can book the AFE exam through the official registration channels below:
How the exam is taken: Online proctored or in-person at approved locations.
IFPUG lists the following official training options for candidates preparing for this exam:
Once you have worked through the training, measure your readiness with the 286 practice questions from 2Pass4sure — they show you exactly which topics still need attention before you book the exam.
Yes. 2Pass4sure offers a free PDF demo of the AFE practice questions, so you can judge the quality of the material firsthand before paying anything. Every purchase also includes 365 days of free updates — if IFPUG changes the exam during that year, your material changes with it. And when the free update period expires, you can extend it at a 50% discount from within your member zone.
Every AFE purchase at 2Pass4sure is backed by a 100% Money Back Guarantee: if you take the corresponding exam within 60 days of your purchase and do not pass, you can apply for a full refund. The guarantee has clear conditions — it does not apply if you sit the exam within 3 days of purchase, if you downloaded the material but never actually took the exam, or to free materials and expired orders, and the candidate name must match the payer name. To file a claim, send a scan of your exam enrollment slip together with your official Score Report PDF within 2 days of the exam; claims are processed within 7 days. If you would rather not take a refund, you can exchange the product instead and receive two additional exam preparation products of equal value for free, while your original product keeps its update service. Delivery itself is instant: your material is available for download right after payment and is also sent to your email within one minute — if it has not arrived within 2 hours, contact our customer service. There is no limit on how many computers you can install it on.
The official IFPUG Accredited Financial Examiner (AFE) outline divides the exam content into 4 main domains. The first three are:
- AFE3: Life and Health Insurance Accounting — 25%
- AFE4: Property and Liability Insurance Accounting — 25%
- AFE1: Life and Health Insurance Fundamentals — 25%
That is only the headline view — scroll back up to the Exam Topics section on this page for the complete domain-by-domain breakdown before you plan your study schedule.
IFPUG Accredited Financial Examiner (AFE) Sample Questions:
Financial Statements provide additional valuable information on the loans. Some of the more significant information provided includes EXCEPT:
- A. The recorded investment and number of mortgages on which interest has been reduced, and the percent the interest was reduced
- B. Disclosures of impaired loans: The total recorded investment in impaired loans at the end of each period
- C. The recorded investment and interest past due on mortgages with interest more than 90 days past due
- D. The valuation of the mortgage loan portfolio, including a description of the valuation basis for mortgage loans and income recognition
When dividends are left to accumulate at interest, the insurer typically sends a notice to each policyholder showing the amount accumulated at the end of the policy year. The notice also shows the dividend credited and interest earned for that policy year. The dividend left at interest may later be received by or credited to the policyholder in several ways. Which of the following is/are out of those ways?
- A. As a cash withdrawal.
- B. As premium applied to the purchase by the policyholder of paid-up insurance.
- C. As marketable securities
- D. As premium to pay up or mature the policy.
A mortgage servicer performs all of the servicing functions. The servicer remits all funds received on the serviced loans to the company on a monthly or other periodic basis and usually reports all transactions, including foreclosures and transactions related to foreclosed property.The contract between the company and servicer should provide that the:
- A. Servicer must have an annual independent audit, with a copy of the audited financial statements sent to the company within a certain period of time after the end of the servicer's fiscal year
- B. Servicer must have a fidelity bond and an errors and omission policy of stipulated minimum amounts
- C. Servicer should not have a fidelity bond and an errors and omission policy of stipulated minimum amounts
- D. Company can periodically audit the servicer's records and files pertaining to the loans owned by the company. In lieu of making the audit, the company can agree to receive an annual audit report pertaining to its loans from the servicer's independent certified public accountants. This is the single audit concept
The amount that currently would be required to replace the service capacity of an asset is called:
- A. Risk approach
- B. Market approach
- C. Cost approach
- D. Income approach
In which premium income less return premiums arising from policies issued by the entity collecting the premiums and acting as the primary insurance carrier?
- A. Reinsurance premium
- B. Indirect premium
- C. Direct premium
- D. Entity premium
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