SOFE Exam AFE Topic 4 Question 98 Discussion

Actual exam question for SOFE's AFE exam

Question #: 98
Topic #: 4

[All AFE Questions]

Average severities projection method uses various claim count and average cost per claim date on either a paid or insured basis.

ATrue

BFalse

Show Suggested Answer

Suggested Answer: A

by Bette at Apr 09, 2025, 09:55 AM

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Dick

2 months ago

If I had a dollar for every time I've seen this type of question, I'd be sipping mojitos on a beach right now. Definitely B.

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Elmira

3 months ago

Actuarial exams, where the right answer is always the one you least expect. I'm going to go with my gut and say B.

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Antonette

1 months ago

I agree, I'll go with B as well.

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Fatima

2 months ago

I'm not sure, but I'll go with B.

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Amie

2 months ago

I think it's A.

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Arlean

3 months ago

But the method does involve using claim count and average cost per claim, so I think it's true.

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Lezlie

3 months ago

Whoa, this question is straight out of the textbook. A all the way, baby!

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Janine

28 days ago

Yep, that's the correct answer.

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Odelia

1 months ago

I agree, it's definitely true.

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Rene

1 months ago

True

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Lina

1 months ago

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Virgina

2 months ago

Nope, it's true!

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Stephania

2 months ago

B) False

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Bobbye

2 months ago

Definitely true!

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Otis

3 months ago

A) True

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Antonio

3 months ago

Ah, the age-old debate of paid vs. insured basis. This is a tricky one. I'll have to think it through carefully.

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Karrie

2 months ago

B) False

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Rosendo

3 months ago

A) True

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Farrah

3 months ago

I'm pretty sure I learned this in my actuarial classes. Better double-check, but I'm feeling confident about B.

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Joni

2 months ago

I agree with you, I also think it's A.

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Aleshia

2 months ago

I'm going with A on this one.

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Abraham

2 months ago

I remember learning about this too, and I'm pretty sure it's B.

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Lamar

2 months ago

I think it's A, actually.

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Casie

2 months ago

I agree with you, I also think it's A.

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Essie

3 months ago

I'm going with A on this one.

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Vivienne

3 months ago

I remember learning about this too, and I'm pretty sure it's B.

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Adell

3 months ago

I think it's A, actually.

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Maurine

3 months ago

This sounds like something I should definitely know for the exam. Let's see... Paid or insured basis? Hmm, I'll go with A.

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Blair

3 months ago

I disagree, I believe it's B) False.

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Arlean

4 months ago

I think the answer is A) True.

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