SOFE Exam AFE Topic 2 Question 70 Discussion

Actual exam question for SOFE's AFE exam

Question #: 70
Topic #: 2

[All AFE Questions]

What must be properly coded to meet the statutory reporting requirements of the annual statement and to provide statistics to support filling?

AClaims data

BInsurance act

CRisk estimation

DClaim settlement

Show Suggested Answer

Suggested Answer: D

by Lorrie at Mar 07, 2024, 01:31 PM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Lorenza

2 months ago

Ah, the age-old question: claims data or interpretive dance? Tough call, but I'm going with the one that doesn't require spandex.

upvoted 0 times

Angella

1 months ago

C) Risk estimation

upvoted 0 times

...

Gerri

2 months ago

B) Insurance act

upvoted 0 times

...

Celeste

2 months ago

A) Claims data

upvoted 0 times

...

Willodean

2 months ago

Wait, did anyone else notice 'filling' in the question? I'm picturing an insurance agent doing the hokey pokey to meet those requirements.

upvoted 0 times

...

Delfina

2 months ago

Claim settlement seems like the obvious choice here. I mean, how else are you going to support all those payout figures?

upvoted 0 times

Joana

1 months ago

Claim settlement is definitely key for supporting payout figures.

upvoted 0 times

...

Truman

1 months ago

Insurance act is necessary to ensure compliance with regulations.

upvoted 0 times

...

Chau

1 months ago

Risk estimation plays a crucial role in providing statistics for filling.

upvoted 0 times

...

Reed

1 months ago

I think claims data is also important for meeting statutory reporting requirements.

upvoted 0 times

...

Jarod

2 months ago

Hmm, I'm not so sure. I think the insurance act itself is pretty crucial for meeting reporting requirements. Gotta make sure you're following the letter of the law.

upvoted 0 times

Misty

20 days ago

Risk estimation plays a key role in ensuring accurate reporting and claim settlement.

upvoted 0 times

...

Serina

21 days ago

Claims data is also crucial for providing statistics to support filing.

upvoted 0 times

...

Frederick

25 days ago

I agree, the insurance act is definitely important for meeting reporting requirements.

upvoted 0 times

...

Stevie

3 months ago

I'd go with claims data as well. It's the foundation of the annual statement and all the statistical analysis.

upvoted 0 times

Caitlin

2 months ago

Without proper coding of claims data, the annual statement would not be accurate.

upvoted 0 times

...

Shad

2 months ago

I agree, it provides the necessary statistics for filling and analysis.

upvoted 0 times

...

Halina

2 months ago

Claims data is definitely crucial for meeting statutory reporting requirements.

upvoted 0 times

...

Denae

3 months ago

Claims data, definitely. That's the core information insurers need to report on. Everything else is just supporting documentation.

upvoted 0 times

Kristal

1 months ago

Claim settlement is also essential for accurate reporting.

upvoted 0 times

...

Chanel

2 months ago

Insurance act is important too, but claims data is the core.

upvoted 0 times

...

Sherita

2 months ago

Yes, it provides the necessary statistics for filling.

upvoted 0 times

...

Jenelle

2 months ago

Claims data is crucial for meeting statutory reporting requirements.

upvoted 0 times

...

Silva

3 months ago

I believe risk estimation is also important for providing statistics to support filing.

upvoted 0 times

...

Tegan

3 months ago

I agree with Lenna, claims data is crucial for meeting statutory reporting requirements.

upvoted 0 times

...

Lenna

4 months ago

I think it must be claims data.

upvoted 0 times

...