SOFE Exam SOFA-CFE Topic 6 Question 79 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 79
Topic #: 6

SAP, an insurance company is given an option of recognizing salvage and subrogation upon receipt or accruing the estimated amount of salvage and subrogation related to ultimate claim costs by reducing the related reserves.

ATrue

BFalse

Show Suggested Answer

Suggested Answer: B

by Theodora at Dec 27, 2023, 08:56 PM

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Shoshana

1 days ago

I think the answer is A) True.

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Marshall

7 days ago

I think it's true because recognizing salvage and subrogation upon receipt can help in accurately reflecting the financial position of the insurance company.

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Annett

8 days ago

B) False

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Marshall

9 days ago

A) True

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