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The bulk reserves are used when statistical analysis indicates that the ultimate development of the original reserves will be deficient are called:
Suggested Answer: C
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35 comments · newest first
VA
Vallie
10 months ago
I’m surprised it’s called Supplemental reserves, sounds odd.
MI
Mitzie
11 months ago
I thought it was Claims-in-transit, that's interesting!
LE
Leatha
11 months ago
Wait, are we sure it's not Claims-made reserves?
EL
Elli
11 months ago
Totally agree, it's definitely Supplemental reserves!
TA
Tamala
11 months ago
It's B, Supplemental reserves.
OL
Olive
12 months ago
Claims-in-transit seems off to me. I don't remember studying that term in relation to reserves at all.
NI
Nicolette
12 months ago
I feel like we had a practice question that mentioned reopened claim reserves, but I don't think that's what this is asking for.
TA
Tamie
12 months ago
I remember something about claims-made reserves, but I can't recall if that's the right term for this specific situation.
WI
Willodean
1 year ago
I think the answer might be B, Supplemental reserves, but I'm not completely sure. It sounds familiar from our last review session.
JU
Jules
1 year ago
I'm confident that the answer is B. Supplemental reserves are used to cover any shortfall in the original reserves, which is exactly what the question is describing.
RE
Refugia
1 year ago
Okay, I've got this. The key is understanding that the question is asking about reserves used when the original reserves are deficient. That points to supplemental reserves as the correct answer.
LE
Leanna
1 year ago
Hmm, I'm a bit unsure about the difference between supplemental reserves and claims-made reserves. I'll need to think this through carefully.
VE
Veronique
1 year ago
This seems like a straightforward question about insurance reserves. I'll need to carefully review the definitions of the different reserve types to determine the correct answer.
AL
Almeta
1 year ago
Ha! Claims-in-transit, really? That's a good one. No, it's gotta be B) Supplemental reserves. The question is pretty straightforward.
DI
Dick
1 year ago
I agree with the user comment, it's B) Supplemental reserves.
LU
Luke
1 year ago
No way, it's definitely C) Reopened claim reserves.
ME
Melodie
1 year ago
I think it's A) Claims-made reserves.
LU
Lucy
1 year ago
Definitely B) Supplemental reserves. I remember learning about those in my insurance classes. The name just clicks with the description.
AL
Alison
1 year ago
Supplemental reserves provide an extra layer of protection for the insurance company's financial stability.
TI
Tiffiny
1 year ago
It's important to have those reserves in place to cover any unexpected shortfalls in the future.
CE
Cecilia
1 year ago
Reopened claim reserves are for claims that were closed but then reopened for further review.
AL
Alverta
1 year ago
Claims-made reserves are different, they are set for known claims that have not been reported yet.
DA
Dalene
1 year ago
I agree, B) Supplemental reserves are set aside for potential deficiencies in the original reserves.
CA
Carole
1 year ago
I agree, B) Supplemental reserves are set aside for potential deficiencies in the original reserves.
AR
Argelia
1 year ago
But supplemental reserves are specifically set aside for deficiencies in original reserves, so I think it makes more sense.
MA
Mariko
1 year ago
Hmm, I was thinking D) Claims-in-transit, but now that I read the question again, that doesn't seem to fit. Supplemental reserves makes more sense.
JO
Joseph
1 year ago
Claims-in-transit doesn't really match the description, so I think Supplemental reserves is the correct answer.
JU
Jules
1 year ago
I agree, Supplemental reserves seems like the right choice.
IR
Irene
1 year ago
I disagree, I believe the answer is A) Claims-made reserves.
AR
Argelia
2 years ago
I think the answer is B) Supplemental reserves.
GE
German
2 years ago
I'm pretty sure the answer is B) Supplemental reserves. That's the one that matches the description of being used when the original reserves are found to be insufficient.
SU
Sunny
1 year ago
Claims-in-transit are for claims that are still being processed.
SH
Shad
1 year ago
Reopened claim reserves are used for specific cases.
DA
Daisy
1 year ago
Claims-made reserves are different from Supplemental reserves.
MA
Mari
1 year ago
I think you're right, B) Supplemental reserves are used when the original reserves are deficient.