SOFE Exam SOFA-CFE Topic 3 Question 92 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 92
Topic #: 3

The reserve for a reported claim that is established by an adjuster or a formula based on the company's loss experience is called:

Aloss reserve

Bcase reserve

Cadjustment reserve

Dpredefined reserve

Show Suggested Answer

Suggested Answer: A

by Elfrieda at Jul 09, 2024, 06:31 AM

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4 days ago

Hmm, I'm not so sure. A) loss reserve seems like it could also be a valid answer. I'll have to think about this one a bit more.

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4 days ago

I think the correct answer is B) case reserve. That makes the most sense to me based on the description.

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6 days ago

I'm not sure, but I think it could also be B) case reserve since it's for a reported claim.

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6 days ago

I agree with Cordelia, loss reserve makes sense because it's based on the company's loss experience.

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12 days ago

I think the answer is A) loss reserve.

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