American Bankers Association Exam CTFA Topic 8 Question 44 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 44
Topic #: 8

[All CTFA Questions]

Lines of insurance in which claims are settled relatively quickly are called:

AQuick-tail lines

BSingle-tail lines

CAcceptance-tail lines

DShort-tail lines

Show Suggested Answer

Suggested Answer: B

by Janey at Feb 27, 2023, 04:45 PM

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2 days ago

D) Short-tail lines for sure. I can't imagine anyone would want to settle for 'Quick-tail' or 'Acceptance-tail' lines. Those sound made up!

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6 days ago

I think 'Short-tail lines' sounds like the most logical answer here. Those types of insurance claims tend to be resolved faster than others.

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7 days ago

Oh, I see. So, short-tail lines are the ones where claims are settled quickly?

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9 days ago

They are called short-tail lines.

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12 days ago

What are quick-settled insurance claims called?

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