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SOFE Exam SOFA-CFE Topic 3 Question 92 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 92
Topic #: 3
[All SOFA-CFE Questions]

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

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Suggested Answer: A

by Elfrieda at Jul 09, 2024, 07:31 AM

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Carey
4 months ago
Haha, I bet the insurance company would love to have a 'predefined reserve' that they could just pull from whenever they needed it. But in all seriousness, I agree with Rachael - B) case reserve is the way to go here.
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Lauryn
4 months ago
D) predefined reserve is an interesting option, but I don't think it quite fits the description. I'm leaning towards B) case reserve.
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Kimi
3 months ago
I think C) adjustment reserve could be the correct answer based on the description.
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Julene
3 months ago
I'm not sure, but A) loss reserve could also be a possibility.
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Peggy
4 months ago
I agree, I think B) case reserve makes more sense in this context.
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Darrin
5 months 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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Cassi
4 months ago
I'm not sure, but D) predefined reserve sounds plausible.
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Rodrigo
4 months ago
I'm leaning towards C) adjustment reserve.
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Susana
4 months ago
I believe it could also be B) case reserve.
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Alisha
4 months ago
I think A) loss reserve is the correct answer.
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Rachael
5 months 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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Ashton
5 months 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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Louisa
5 months ago
I agree with Cordelia, loss reserve makes sense because it's based on the company's loss experience.
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Cordelia
5 months ago
I think the answer is A) loss reserve.
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