SOFE Exam AFE Topic 3 Question 60 Discussion

Actual exam question for SOFE's AFE exam

Question #: 60
Topic #: 3

[All AFE Questions]

In many states, a claims-made insurance policy is required to:

Acontain an extended-reporting clause

Bprovide for purchase, at the policyholder's option

Cprovide for automatic tail coverage

DAll of the above

Show Suggested Answer

Suggested Answer: B

by Viola at Jul 25, 2023, 02:46 AM

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Noel

5 days ago

I think the correct answer is D. All of the above. A claims-made policy needs to have those features to provide adequate coverage for the policyholder.

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Gail

8 days ago

I agree with Jospeh, because claims-made policies often require extended-reporting clauses and tail coverage.

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Jospeh

12 days ago

I think the answer is D) All of the above.

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