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SOFE SOFA-CFE Exam - Topic 5 Question 102 Discussion

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

Which of the following is NOT the loss category?

Suggested Answer: A

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38 comments · newest first
CA
Carlee 10 months ago
Wait, are subsidiary losses even a thing? Sounds weird!
LA
Laila 11 months ago
Totally agree, D seems off.
MO
Moira 11 months ago
Subsidiary losses? Never heard of that term in this context.
MA
Marge 11 months ago
I think D is the odd one out here.
CA
Carmelina 11 months ago
A is definitely a loss category.
AL
Alysa 12 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.
NI
Nickolas 12 months ago
I feel like "losses incurred" is a common term in insurance, so that might not be the answer either.
ZO
Zona 12 months ago
I practiced a similar question where "paid losses" and "losses reserved for future payment" were definitely part of the categories.
JO
Jodi 1 year ago
I think I remember that "subsidiary losses" isn't a standard loss category, but I'm not entirely sure.
WE
Wenona 1 year 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.
TR
Trinidad 1 year ago
Subsidiary losses? I don't remember learning about that category. I'll have to guess on this one.
FA
Fatima 1 year 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.
AN
Annice 1 year ago
Hmm, I'm not sure about this one. I'll have to think it through carefully.
SU
Sueann 1 year ago
This one seems pretty straightforward. I'm pretty confident I know the answer.
BR
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.
PO
Portia 1 year ago
↳ replying to Brianne
C) losses incurred
AN
Angella 1 year ago
↳ replying to Brianne
B) losses reserved for future payment
LI
Lili 1 year ago
↳ replying to Brianne
C) losses incurred
FE
Felix 1 year ago
↳ replying to Brianne
A) paid losses
RO
Rodrigo 1 year ago
↳ replying to Brianne
B) losses reserved for future payment
PH
Phyliss 1 year ago
↳ replying to Brianne
A) paid losses
PA
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.
GW
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.
RI
Ricarda 1 year ago
↳ replying to Gwen
I'm confident now, let's go with 'subsidiary losses' as the answer.
AR
Arlyne 1 year ago
↳ replying to Gwen
Let's review our notes to be sure before we submit our answer.
AL
Alpha 1 year ago
↳ replying to Gwen
I agree, it sounds like a trick answer.
DE
Devora 1 year ago
↳ replying to Gwen
I think 'subsidiary losses' is not a real category.
VI
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!
MA
Mari 1 year ago
↳ replying to Vince
Yeah, I agree. 'Losses reserved for future payment' seems like a valid category.
JO
Josephine 1 year ago
↳ replying to Vince
I think 'subsidiary losses' is the correct answer.
NA
Naomi 2 years ago
I'm not sure, but I think D) subsidiary losses makes sense because it doesn't fit the other categories.
CA
Caprice 2 years ago
I agree with Justine, because the question is asking for the NOT loss category.
SH
Sherita 2 years ago
Ah, this is a tricky one! I'm pretty sure 'subsidiary losses' are a type of loss, not a loss category. Time to brush up on my insurance lingo.
OD
Odette 1 year ago
↳ replying to Sherita
Let's go with D) subsidiary losses as the answer.
TI
Timmy 1 year ago
↳ replying to Sherita
I agree, 'subsidiary losses' seems out of place compared to the other options.
LA
Lawrence 1 year ago
↳ replying to Sherita
Paid losses, losses reserved for future payment, and losses incurred are definitely loss categories.
LO
Lorrie 1 year ago
↳ replying to Sherita
I think you're right, 'subsidiary losses' doesn't sound like a loss category.
JU
Justine 2 years ago
I think the answer is D) subsidiary losses.
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