SOFE Exam AFE Topic 3 Question 60 Discussion

Actual exam question for SOFE's AFE exam

Question #: 60
Topic #: 3

[All AFE Questions]

In many states, a claims-made insurance policy is required to:

Acontain an extended-reporting clause

Bprovide for purchase, at the policyholder's option

Cprovide for automatic tail coverage

DAll of the above

Show Suggested Answer

Suggested Answer: B

by Viola at Jul 25, 2023, 02:46 AM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Matt

1 days ago

I agree with Robt, because claims-made policies often require all those options for coverage.

upvoted 0 times

...

Robt

3 days ago

I think the answer is D) All of the above.

upvoted 0 times

...

Hoa

4 days ago

I'm not sure about this one, but it makes sense that a claims-made policy would have all those provisions for coverage.

upvoted 0 times

...

Noel

9 days ago

I think the correct answer is D. All of the above. A claims-made policy needs to have those features to provide adequate coverage for the policyholder.

upvoted 0 times

...

Gail

12 days ago

I agree with Jospeh, because claims-made policies often require extended-reporting clauses and tail coverage.

upvoted 0 times

...

Jospeh

16 days ago

I think the answer is D) All of the above.

upvoted 0 times

...