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SOFE SOFA-CFE Exam - Topic 1 Question 73 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 73
Topic #: 1
[All SOFA-CFE Questions]

Any real estate which is owned by and more than 50 percent occupied (based on rentable square footage) by an insurer and its' affiliates is considered property occupied by the company.

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Suggested Answer: D

by Jesusa at Aug 08, 2023, 11:55 AM

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Mattie
6 months ago
Insurers have to own and occupy more than half, that's correct!
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Vincent
6 months ago
Really? That seems a bit low for occupancy requirements.
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Frederica
7 months ago
Agreed, it's all about that 50% mark.
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Dorothy
7 months ago
I thought it was 60% occupancy for insurers?
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Teddy
7 months ago
That's definitely true!
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Shelba
7 months ago
I feel like this is false because I thought occupancy rules were more flexible for different types of companies.
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Vicente
7 months ago
I’m a bit confused; does "occupied by the company" mean they have to be the primary occupants?
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Billy
8 months ago
I remember a similar question about property ownership and occupancy percentages, and I think it was true in that case too.
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Sherman
8 months ago
I think this statement is true, but I’m not entirely sure if the 50 percent occupancy rule applies only to insurers.
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An
8 months ago
I'm feeling pretty confident about this one. I've seen similar questions before, and I think I know the key things to look for in each snippet.
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Casie
8 months ago
Okay, let's see. NTO wants to automate the dispatch of the next two service appointments after the current one is completed. Based on the options, it seems like either a workflow rule or an Apex trigger would be the way to go. I'll need to consider which one would be more appropriate for this scenario.
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Willodean
8 months ago
Hmm, this is a tricky one. I'll need to think through the different reasons for defining service composition candidates carefully.
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Carlota
8 months ago
Okay, this seems straightforward. The Free pricing tier has a 60-minute time limit, so changing to the Basic tier should remove that limit and allow the app to run continuously. I'll select "Yes" for this solution.
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Dianne
1 year ago
Haha, 'property occupied by the company' - so, they're living there too? Gotta love these insurance exam questions.
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Jerry
1 year ago
Affiliates? Does that include the CEO's vacation home? This is getting tricky.
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Charlesetta
11 months ago
True
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Dahlia
11 months ago
Affiliates are typically companies that are related to the insurer, not personal properties like a CEO's vacation home.
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Doyle
11 months ago
B) False
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Pura
12 months ago
A) True
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Tiera
1 year ago
Wait, does 'occupied' refer to the insurer actually using the space, or just renting it out? Gotta think this through.
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Glendora
1 year ago
B) False
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Youlanda
1 year ago
It refers to the insurer actually using the space.
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Rikki
1 year ago
A) True
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Izetta
1 year ago
Hmm, this seems straightforward. I'll go with True.
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Leontine
1 year ago
I'm not entirely sure, but I'll go with True as well.
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Sherill
1 year ago
I agree, it does seem pretty straightforward. I also think it's True.
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Louisa
1 year ago
I see both points, but I think the answer is A) True because if the insurer owns the property and most of it is occupied by them, then it should be considered property occupied by the company.
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Salome
1 year ago
I disagree, I believe the answer is B) False because just owning the property doesn't necessarily mean it's occupied by the company.
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Louis
1 year ago
I think the answer is A) True because it makes sense for the insurer to occupy their own property.
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