Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

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.

Show Suggested Answer Hide Answer
Suggested Answer: B

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

Limited Time Offer

25%

Off

Get Premium AFE Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Yvonne
7 months ago
Sounds a bit off to me, I need to look into this more.
upvoted 0 times
...
Celia
7 months ago
Definitely true, it’s all about balancing the books.
upvoted 0 times
...
Blondell
7 months ago
Wait, really? I thought it was the other way around!
upvoted 0 times
...
Leandro
7 months ago
I disagree, it’s more complex than that.
upvoted 0 times
...
Myrtie
7 months ago
True, that's how it works in insurance.
upvoted 0 times
...
Gracia
8 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.
upvoted 0 times
...
Charisse
8 months ago
I'm not entirely sure, but I feel like we had a practice question that suggested the opposite might be true.
upvoted 0 times
...
Pamella
8 months ago
I think this statement is true because I remember discussing how reserves can impact premium calculations in class.
upvoted 0 times
...
Hassie
8 months ago
I recall something about how increasing loss reserves can lead to lower premiums, but I can't remember the exact details.
upvoted 0 times
...
Jaime
8 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.
upvoted 0 times
...
Laura
8 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.
upvoted 0 times
...
Barney
8 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.
upvoted 0 times
...

Save Cancel