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SOFE Exam AFE Topic 1 Question 47 Discussion

Actual exam question for SOFE's AFE exam
Question #: 47
Topic #: 1
[All AFE Questions]

If claims have been reported to the insurer after the contract period, it may several months for the insurer to investigate and establish a case reserve for reported claims.

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Suggested Answer: B

by Brett at Oct 15, 2022, 12:51 PM

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Stephaine
2 days ago
True, the insurer needs time to properly investigate and assess the claims. This is a common industry practice.
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Karl
7 days ago
A) True. It takes time to accurately assess the financial impact of reported claims.
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Lavelle
12 days ago
B) False. Insurers should establish case reserves immediately.
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Karl
15 days ago
A) True. Insurers need time to investigate claims.
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