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SOFE AFE Exam - Topic 1 Question 47 Discussion

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.
B) False
A) True

SOFE AFE Exam - 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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Leonardo
8 months ago
I thought they had faster processes for that!
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Amie
8 months ago
True, especially if the claim is complex.
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Rebecka
9 months ago
Wait, months? That seems excessive!
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Gayla
9 months ago
I agree, the process can be really lengthy.
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Cheryl
9 months ago
That's definitely true, it takes time for investigations.
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Janella
9 months ago
I remember something about case reserves and how they can take a while to establish, so I’m leaning towards true on this one.
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Alba
9 months ago
I want to say it's false, but I can't recall the exact details from the material. It seems like claims should be handled more quickly.
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Billy
9 months ago
I'm not entirely sure, but I feel like there was a practice question that mentioned the investigation timeline for claims.
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Catherin
9 months ago
I think it's true because I remember studying how claims can take time to process, especially if they come in after the contract period.
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Melvin
9 months ago
Hmm, this seems straightforward enough. I just need to create the NetworkPolicy with the right rules to allow the specified Pods to connect to the products-service.
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Joanna
9 months ago
Hmm, I'm not totally sure about this one. I'll have to think it through carefully before answering.
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Chaya
10 months ago
Hmm, I'm not totally sure about the specifics of portlets. I'll have to read the question and options closely to try to figure this out.
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Dominga
1 year ago
True, and if the insurer takes any longer, I might just show up at their office with a sleeping bag. Who needs a hotel when you can camp out in the lobby?
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Elouise
1 year ago
True, and as someone who's filed a claim before, I can attest that the process is a real snooze-fest. I almost fell asleep waiting for the adjuster to show up.
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Anna
1 year ago
It's frustrating to have to wait so long for a resolution.
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Novella
1 year ago
I agree, the process can be quite slow.
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Tarra
1 year ago
True
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Deane
1 year ago
True, but I bet the insurer is just dragging their feet to avoid paying out. They're probably sipping mai tais on the beach while I'm waiting for my check.
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Pearly
1 year ago
It's important to be patient and allow the insurer to properly investigate the claims.
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Delpha
1 year ago
It's true that it may take several months for the insurer to establish a case reserve for reported claims.
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Kimbery
1 year ago
I understand your frustration, but insurers have to follow a process to investigate claims.
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Ettie
1 year ago
False! The insurer should be able to process claims quickly. What is this, the dark ages? I need my money now!
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Abraham
1 year ago
It's frustrating, but it's necessary for the insurance company to protect themselves.
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Idella
1 year ago
I understand, but waiting for months is just too long.
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Katlyn
1 year ago
False! But it's important for insurers to be thorough in their investigations.
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Alisha
1 year ago
Insurers need time to investigate claims to prevent fraud.
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Joesph
1 year ago
False! The insurer should be able to process claims quickly. What is this, the dark ages? I need my money now!
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France
1 year ago
Claims can take time to investigate and process, it's not always immediate.
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Izetta
1 year ago
B) False
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Aimee
1 year ago
A) True
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Stephaine
1 year ago
True, the insurer needs time to properly investigate and assess the claims. This is a common industry practice.
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Boris
1 year ago
That makes sense, they need to make sure they have all the information before setting aside funds for the claims.
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Salome
1 year ago
A) True
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Karl
1 year ago
A) True. It takes time to accurately assess the financial impact of reported claims.
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Lavelle
1 year ago
B) False. Insurers should establish case reserves immediately.
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Karl
1 year ago
A) True. Insurers need time to investigate claims.
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