SOFE SOFA-CFE Exam - Topic 5 Question 102 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 102
Topic #: 5

[All SOFA-CFE Questions]

Which of the following is NOT the loss category?

Apaid losses

Blosses reserved for future payment

Closses incurred

Dsubsidiary losses

Show Suggested Answer

Suggested Answer: A

by Stephane at Oct 20, 2024, 01:58 AM

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Carlee

7 months ago

Wait, are subsidiary losses even a thing? Sounds weird!

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Laila

8 months ago

Totally agree, D seems off.

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Moira

8 months ago

Subsidiary losses? Never heard of that term in this context.

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Marge

8 months ago

I think D is the odd one out here.

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Carmelina

8 months ago

A is definitely a loss category.

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Alysa

9 months ago

I'm leaning towards "subsidiary losses" as the one that doesn't fit, but I wish I had reviewed this topic more thoroughly.

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Nickolas

9 months ago

I feel like "losses incurred" is a common term in insurance, so that might not be the answer either.

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Zona

9 months ago

I practiced a similar question where "paid losses" and "losses reserved for future payment" were definitely part of the categories.

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Jodi

9 months ago

I think I remember that "subsidiary losses" isn't a standard loss category, but I'm not entirely sure.

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Wenona

9 months ago

I've got a strategy for these types of questions. I'll eliminate the options I'm sure about and then make an educated guess on the remaining one.

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Trinidad

9 months ago

Subsidiary losses? I don't remember learning about that category. I'll have to guess on this one.

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Fatima

9 months ago

Okay, let me break this down. The question is asking about the loss category that is NOT included. I'll need to review my notes on the different types of losses.

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Annice

9 months ago

Hmm, I'm not sure about this one. I'll have to think it through carefully.

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Sueann

9 months ago

This one seems pretty straightforward. I'm pretty confident I know the answer.

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Brianne

1 year ago

Wait, is 'subsidiary losses' a new kind of loss that comes with a side of fries? Just kidding, but seriously, this question is making my head spin.

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Portia

1 year ago

C) losses incurred

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Angella

1 year ago

B) losses reserved for future payment

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Lili

1 year ago

C) losses incurred

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Felix

1 year ago

A) paid losses

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Rodrigo

1 year ago

B) losses reserved for future payment

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Phyliss

1 year ago

A) paid losses

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Paola

1 year ago

Aha! 'Subsidiary losses' doesn't sound like a real loss category to me. Time to put on my insurance expert hat and mark that as the correct answer.

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Gwen

1 year ago

I'm totally stumped here. Maybe 'subsidiary losses' is a made-up term to trip us up? Better double-check my notes before submitting this answer.

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Ricarda

1 year ago

I'm confident now, let's go with 'subsidiary losses' as the answer.

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Arlyne

1 year ago

Let's review our notes to be sure before we submit our answer.

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Alpha

1 year ago

I agree, it sounds like a trick answer.

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Devora

1 year ago

I think 'subsidiary losses' is not a real category.

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Vince

1 year ago

Hmm, 'losses reserved for future payment' sounds legit, but I'm going to go with 'subsidiary losses' on this one. Gotta love these insurance exam questions!

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