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

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Lorenza

9 days 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.

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Willodean

12 days ago

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

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Delfina

13 days ago

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

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Jarod

20 days 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.

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Stevie

1 months ago

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

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Caitlin

3 days ago

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

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Shad

8 days ago

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

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Halina

27 days ago

Claims data is definitely crucial for meeting statutory reporting requirements.

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Denae

1 months ago

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

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Chanel

1 days ago

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

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Sherita

3 days ago

Yes, it provides the necessary statistics for filling.

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Jenelle

27 days ago

Claims data is crucial for meeting statutory reporting requirements.

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Silva

2 months ago

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

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Tegan

2 months ago

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

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Lenna

2 months ago

I think it must be claims data.

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