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SOFE AFE Exam - Topic 1 Question 86 Discussion

The methods used for the premium rates establishment are:
B) Commercial, judgmental and merit rating
A) Manual, judgmental and premium rating
C) Manual, experimental and merit rating
D) Manual, judgmental and merit rating

SOFE AFE Exam - Topic 1 Question 86 Discussion

Actual exam question for SOFE's AFE exam
Question #: 86
Topic #: 1
[All AFE Questions]

The methods used for the premium rates establishment are:

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Suggested Answer: B

by Louisa at Sep 18, 2024, 09:19 AM

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Onita
7 months ago
Not sure about D, seems too simplistic for premium rates.
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Corrie
8 months ago
B sounds right too, but I lean towards D.
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Gene
8 months ago
Wait, merit rating? Is that really a thing?
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Maryann
8 months ago
Definitely agree with D, that's the standard approach.
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Teddy
8 months ago
I think it's D, manual and judgmental makes sense.
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Ines
9 months ago
I believe the correct answer is D, since "manual" and "judgmental" seem to be standard terms used in premium rate establishment.
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Cory
9 months ago
I'm a bit confused. Is "premium rating" the same as "merit rating"? I can't recall clearly.
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Bettyann
9 months ago
I feel like I've seen a question similar to this before, and I think "merit rating" was mentioned in that context.
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Alberta
9 months ago
I think I remember that "manual" and "judgmental" are definitely part of the methods, but I'm not sure about the third one.
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Mozell
9 months ago
Ugh, I'm drawing a blank on the specifics of these premium rate establishment methods. I'll have to take an educated guess and hope for the best.
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Arthur
9 months ago
Ah, I remember learning about these premium rate methods in class. I think I've got a good handle on this, so I'll confidently select the right answer.
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Terrilyn
9 months ago
Hmm, I'm a bit unsure about this one. The options seem similar, but I'll try to pick out the key differences between them and choose the most appropriate answer.
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Lore
9 months ago
This looks like a straightforward question about premium rate establishment methods. I'll carefully read through the options and select the one that best matches the description.
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Xuan
1 year ago
I'm sure the premium rates for this exam are no joke. Better choose D or you might end up in the red!
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Oretha
1 year ago
User 3: I agree, we don't want to end up with high premiums by choosing the wrong method.
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Desirae
1 year ago
User 2: Yeah, manual, judgmental, and merit rating seem like the most reliable methods.
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Ammie
1 year ago
User 1: I think D is the way to go for setting premium rates.
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Rutha
1 year ago
I agree, let's go with D to avoid any surprises.
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Enola
1 year ago
Yeah, manual, judgmental, and merit rating sound like a solid choice.
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Felicia
1 year ago
I think D is the way to go for the premium rates.
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Shalon
1 year ago
D is the answer, no doubt. But I bet the exam writer had a real 'premium' time coming up with these options!
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Verlene
1 year ago
I chose D too, it just made the most sense out of all the options.
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Carmelina
1 year ago
I also picked D, it seemed like the most logical choice.
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Gail
1 year ago
I agree, D is definitely the answer. Those options were tricky!
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Dan
1 year ago
D is the way to go, folks. Manual and judgmental methods are the industry standard for premium rate setting.
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Stephen
1 year ago
It's important to use manual and judgmental methods for setting premium rates to ensure accuracy.
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Freeman
1 year ago
I think D is the best choice for ensuring accurate premium rates.
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Laine
1 year ago
Manual and judgmental methods are tried and true in the industry.
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Oren
1 year ago
I agree, D seems like the most reliable option for setting premium rates.
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Chara
1 year ago
I think D is the best option too. It's important to have a solid method for setting premium rates.
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Esteban
1 year ago
I agree, D is definitely the way to go. Manual and judgmental methods are tried and true.
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Alesia
1 year ago
Hmm, I was thinking B might be the right answer. But after reconsidering, D is the way to go.
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Olive
1 year ago
I agree with Diane. Option D is the most appropriate choice here.
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Diane
1 year ago
Option D seems like the correct answer. Manual and judgmental methods are commonly used in premium rate establishment.
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Inocencia
1 year ago
I'm not sure about the experimental method, but manual, judgmental, and merit rating seem logical.
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James
1 year ago
I agree with Danica, those methods make sense for establishing premium rates.
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Danica
1 year ago
I think the methods used are manual, judgmental, and premium rating.
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Jess
1 year ago
I'm not sure about that, I think it could also be C) Manual, experimental and merit rating.
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Jeanice
1 year ago
I agree with Novella, because manual and judgmental methods are commonly used in premium rate establishment.
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Novella
1 year ago
I think the answer is D) Manual, judgmental and merit rating.
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