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Product Description Exam Number/Code: AFE
Exam Number/Code: AFE
Exam Name: Accredited Financial Examiner
The world of finance provides a great variety of career possibilities and there are a number of financial certifications available to all the candidates.
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Information Regarding AFE Exam
There are five types of requirements for obtaining the AFE designation. They are:
- Membership requirements
Be a member in good standing in the Society of Financial Examiners
- Work-related experience requirements
Be an insurance department employee or self-employed with a contract for services directly with an insurance department and have two years of continuous, responsible insurance department experience as a financial examiner, financial analyst or rating analyst.
- Education requirements
Have a bachelor degree in accounting from an accredited college or university; or
Have a bachelor degree from an accredited college or university consisting of the following AFE First Tier requirements which are the successful completion of college level courses or its demonstrable equivalent in Accounting Fundamentals (6 semester hours), Finance or Economics (3 semester hours), Business Law (3 semester hours), and Accounting/Finance/Business Law or Actuarial (9 semester hours). The three (3) semester hours of Business Law, acquired through the successful completion of the college level law courses offered by LOMA, CPCU, or CLU, may be substituted for the three (3) required semester hours;
- Examination requirements
In addition, the applicant must receive a passing grade in the following examinations:
(AFE1) Life and Health Insurance Fundamentals
(AFE2) Property and Liability Insurance Fundamentals
(AFE3) Life and Health Insurance Accounting
(AFE4) Property and Liability Insurance Accounting
- Application approval requirements
Be approved by the Admissions Committee and the Board of Governors or Executive Committee of the Society of Financial Examiners as meeting all the requirements to be eligible to hold the designation.
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