SOFE AFE Exam - Topic 2 Question 45 Discussion

Actual exam question for SOFE's AFE exam

Question #: 45
Topic #: 2

The estimated amount receivable from third parties from whom the insured may have the right to recover damages is known as:

Areduction for subrogation

Breduction for salvation

Creduction for damages

Dreduction for paid losses

Show Suggested Answer

Suggested Answer: B

by Jennifer at Aug 22, 2022, 06:28 PM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Ramonita

7 months ago

Definitely not reduction for salvation, that's a different thing!

upvoted 0 times

...

Theola

7 months ago

Not sure about that, sounds too complicated.

upvoted 0 times

...

Ernest

7 months ago

Wait, I thought it was reduction for damages?

upvoted 0 times

...

Theresia

7 months ago

Totally agree, subrogation is key in insurance!

upvoted 0 times

...

Tonette

7 months ago

It's called reduction for subrogation.

upvoted 0 times

...

Domonique

8 months ago

I feel like I’ve seen something similar before, and I’m leaning towards subrogation too. It just makes sense in this context.

upvoted 0 times

...

Tasia

8 months ago

I’m a bit lost on this one. I thought reduction for damages might be relevant, but it doesn’t sound quite right.

upvoted 0 times

...

Moon

8 months ago

I remember practicing a question about recovery rights, and I think it was linked to option A, reduction for subrogation.

upvoted 0 times

...

Ronny

8 months ago

I think this has to do with subrogation, but I’m not entirely sure if it’s the right term.

upvoted 0 times

...

Audry

8 months ago

This looks like a straightforward API question. I'll read through the options carefully and try to identify the one that best matches the description.

upvoted 0 times

...

Shad

8 months ago

Hmm, I'm a little confused on this one. I know the Scrum Master facilitates the sprint planning, but I'm not sure if they actually make the commitment. Let me think this through.

upvoted 0 times

...

Samuel

8 months ago

Okay, I've got this. A network sniffer is a tool that captures and analyzes network communications, so the correct answer is option B. I'm feeling good about this one.

upvoted 0 times

...

Tayna

1 year ago

If this was a 'reduction for damages', would that mean they're reducing the amount I can claim? I don't like the sound of that. A all the way!

upvoted 0 times

...

Lynna

1 year ago

I'm going to go with A. Reduction for subrogation. It's the only one that sounds like it could be an actual insurance term.

upvoted 0 times

Tequila

11 months ago

I'm leaning towards reduction for paid losses, but I'm not 100% sure.

upvoted 0 times

...

Jade

12 months ago

I think it's reduction for damages, but I'm not sure.

upvoted 0 times

...

Laurel

12 months ago

I agree, reduction for subrogation is the correct term.

upvoted 0 times

...

Bernadine

1 year ago

D. Reduction for paid losses seems the most logical to me. Why would they call it anything else?

upvoted 0 times

Catherin

11 months ago

Yeah, that sounds right. Subrogation is usually related to recovering damages.

upvoted 0 times

...

Arlyne

11 months ago

I agree, it makes sense to me too.

upvoted 0 times

...

Tamra

11 months ago

Yeah, I see your point. It does seem like the most logical choice.

upvoted 0 times

...

Buck

11 months ago

I think it's A) reduction for subrogation.

upvoted 0 times

...

Arlen

11 months ago

I agree, it makes sense that it would be related to subrogation.

upvoted 0 times

...

Shaunna

11 months ago

I think it's A) reduction for subrogation because it involves recovering damages from third parties.

upvoted 0 times

...

Louisa

11 months ago

D) reduction for paid losses

upvoted 0 times

...

Tina

11 months ago

C) reduction for damages

upvoted 0 times

...

Verdell

12 months ago

B) reduction for salvation

upvoted 0 times

...

Val

12 months ago

D) reduction for paid losses

upvoted 0 times

...

Wenona

12 months ago

C) reduction for damages

upvoted 0 times

...

Von

12 months ago

A) reduction for subrogation

upvoted 0 times

...

Fletcher

12 months ago

B) reduction for salvation

upvoted 0 times

...

Zoila

12 months ago

A) reduction for subrogation

upvoted 0 times

...

Daniel

1 year ago

Haha, 'reduction for salvation'? What is this, a religious insurance policy? I'll go with A.

upvoted 0 times

Annmarie

11 months ago

So, A) reduction for subrogation it is then.

upvoted 0 times

...

Judy

11 months ago

Yeah, it's about recovering damages from third parties.

upvoted 0 times

...

Nicolette

11 months ago

I agree, it does sound like a legal term.

upvoted 0 times

...

Shayne

11 months ago

I think it's A) reduction for subrogation.

upvoted 0 times

...

Letha

11 months ago

User 4: I'll go with A too. Sounds like the right answer.

upvoted 0 times

...

Rodrigo

12 months ago

User 3: Yeah, I agree. It's definitely A) reduction for subrogation.

upvoted 0 times

...

Raylene

12 months ago

User 2: I think it's actually called reduction for subrogation.

upvoted 0 times

...

Delila

1 year ago

User 1: Haha, 'reduction for salvation'? What is this, a religious insurance policy?

upvoted 0 times

...

Beckie

1 year ago

I think the correct answer is A. Reduction for subrogation. It makes the most sense in the context of the question.

upvoted 0 times

...

Ahmed

1 year ago

I'm not sure, but I think it might be C) reduction for damages.

upvoted 0 times

...

Yuette

1 year ago

I agree with Crista, because subrogation is when the insurer can recover from a third party.

upvoted 0 times

...

Crista

1 year ago

I think the answer is A) reduction for subrogation.

upvoted 0 times

...