SOFE Exam SOFA-CFE Topic 1 Question 100 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 100
Topic #: 1

The bulk reserves are used when statistical analysis indicates that the ultimate development of the original reserves will be deficient are called:

AClaims-made reserves

BSupplemental reserves

CReopened claim reserves

DClaims-in-transit

Show Suggested Answer

Suggested Answer: C

by Kris at Sep 17, 2024, 02:32 PM

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Argelia

3 days ago

But supplemental reserves are specifically set aside for deficiencies in original reserves, so I think it makes more sense.

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Mariko

3 days 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.

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Irene

4 days ago

I disagree, I believe the answer is A) Claims-made reserves.

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Argelia

7 days ago

I think the answer is B) Supplemental reserves.

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German

8 days 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.

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