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SOFE Exam AFE Topic 3 Question 79 Discussion

Actual exam question for SOFE's AFE exam
Question #: 79
Topic #: 3
[All AFE Questions]

In , an adjustment is based on experience of an individual risk during the term of the policy and is generally subject to maximum and minimum premium limits specified in the policy.

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Suggested Answer: A

by Ruthann at Jul 04, 2024, 05:44 AM

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Naomi
13 days ago
Retrospective premium adjustments, huh? Sounds like the insurance company's way of saying, 'We're going to charge you more next year to make up for the discounts we gave you this year.' Gotta love the insurance game, am I right?
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Annette
14 days ago
Ooh, this is a tricky one. I'm gonna go with retrospective premium adjustments, but I have a feeling the exam gods are trying to trick me. Maybe I should just roll a dice and hope for the best.
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Melissa
24 days ago
Adjusting premiums, that's my pick. I mean, it's right there in the question, 'an adjustment is based on experience.' Easy peasy, let's move on to the next question!
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Mary
16 days ago
I agree, adjusting premiums is the way to go.
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Lauran
1 months ago
Hmm, I'm going to have to go with option B. Retrospective premium adjustments sound like the way to go. It's gotta be the one with 'premium' in the name, right? I'm feeling confident about this one.
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Jerry
21 days ago
I agree, option B does seem like the most logical choice. It's all about adjusting premiums based on past experience.
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Leandro
2 months ago
Retrospective premium adjustments, that's the one! I remember learning about that in my risk management class. It's all about adjusting premiums based on the actual experience during the policy term. Nailed it!
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Tayna
18 days ago
Yes, that's right. It's called retrospective premium adjustments.
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Hillary
19 days ago
Yeah, it's important for insurance companies to adjust premiums to match the real risk involved.
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Anisha
21 days ago
I remember that too, it's a way to make sure the premiums reflect the actual risk.
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Josefa
29 days ago
I think it's all about adjusting premiums based on the actual experience during the policy term.
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Malcolm
2 months ago
I'm not sure, but I think it could also be D) Adjusting premiums, as that seems to make sense in this context.
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Shawnda
2 months ago
I agree with Bette, because retrospective premium adjustments are based on individual risk experience.
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Bette
2 months ago
I think the answer is B) Retrospective premium adjustments.
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