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SOFE AFE Exam - Topic 1 Question 20 Discussion

An increase in loss reserves may lead to offset by a reduction in premiums and a decrease in loss reserves may be a receivable for additional premiums.
B) False
A) True

SOFE AFE Exam - Topic 1 Question 20 Discussion

Actual exam question for SOFE's AFE exam
Question #: 20
Topic #: 1
[All AFE Questions]

An increase in loss reserves may lead to offset by a reduction in premiums and a decrease in loss reserves may be a receivable for additional premiums.

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Suggested Answer: B

by Felix at May 09, 2022, 08:03 AM

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Yvonne
8 months ago
Sounds a bit off to me, I need to look into this more.
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Celia
8 months ago
Definitely true, it’s all about balancing the books.
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Blondell
9 months ago
Wait, really? I thought it was the other way around!
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Leandro
9 months ago
I disagree, it’s more complex than that.
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Myrtie
9 months ago
True, that's how it works in insurance.
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Gracia
9 months ago
This sounds familiar, but I might be mixing it up with another concept. I need to think about how reserves and premiums interact.
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Charisse
9 months ago
I'm not entirely sure, but I feel like we had a practice question that suggested the opposite might be true.
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Pamella
9 months ago
I think this statement is true because I remember discussing how reserves can impact premium calculations in class.
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Hassie
9 months ago
I recall something about how increasing loss reserves can lead to lower premiums, but I can't remember the exact details.
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Jaime
9 months ago
Ah, this is a tricky one. I remember the professor talking about how digital records can be authenticated through witness testimony, so I don't think A is correct. I'll have to think this through carefully.
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Laura
9 months ago
Hmm, I'm a bit unsure about the details of Oracle BAM. I'll need to review my notes to make sure I understand the key capabilities before selecting an answer.
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Barney
10 months ago
Okay, I've got this. A Known Error is a Problem that has a known cause and workaround, according to option C. That makes the most sense to me based on the information provided.
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