Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25

- Free Preparation Discussions

SOFE Exam SOFA-CFE Topic 6 Question 99 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 99
Topic #: 6

[All SOFA-CFE Questions]

What utilize company-provided financial data to review and approve rate filings and to gather industry statistics?

ABoards and bureaus

BBoards and risks

CBoards and investments

DActuaries and bureaus

Show Suggested Answer

Suggested Answer: D

by Zona at Sep 13, 2024, 11:45 PM

Limited Time Offer

25%

Off

Get Premium SOFA-CFE Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Leslie

2 months ago

Actuaries and bureaus, no doubt. I mean, who else would be responsible for analyzing all that financial data? The board of directors? They're too busy playing golf and approving bonuses!

upvoted 0 times

...

Myrtie

2 months ago

Actuaries and bureaus, all the way! Those actuaries are like financial wizards, weaving their magic with all those spreadsheets and statistics. 'Boards and risks'? What is this, a game of Monopoly?

upvoted 0 times

Rolande

22 days ago

Boards and investments play a key role in gathering industry statistics.

upvoted 0 times

...

Whitley

26 days ago

Boards and bureaus are essential for reviewing rate filings.

upvoted 0 times

...

Hayley

27 days ago

I agree, actuaries are like financial wizards!

upvoted 0 times

...

...

Quinn

3 months ago

I was tempted by the 'boards' options, but 'actuaries and bureaus' just makes more sense. You can't have a good insurance rate without the actuaries doing their magic.

upvoted 0 times

Elena

1 months ago

It's a combination of both actuaries and boards/bureaus that ensure accurate and fair insurance rates.

upvoted 0 times

...

Silvana

1 months ago

Boards and bureaus also have an important role in reviewing and approving rate filings.

upvoted 0 times

...

Robt

1 months ago

It's a combination of both actuaries and boards/bureaus that ensure accurate rate filings.

upvoted 0 times

...

Tammara

2 months ago

I agree, actuaries play a crucial role in determining insurance rates.

upvoted 0 times

...

Temeka

2 months ago

Boards and bureaus also play a part in reviewing and approving rate filings.

upvoted 0 times

...

Hortencia

2 months ago

I agree, actuaries play a crucial role in determining insurance rates.

upvoted 0 times

...

...

Kyoko

3 months ago

Actuaries and bureaus, of course! Those number-crunching actuaries are the ones who crunch the numbers and make sense of all that financial data.

upvoted 0 times

...

Asha

3 months ago

I'm not sure, but I think D) Actuaries and bureaus could also be involved in utilizing company-provided financial data.

upvoted 0 times

...

Latonia

3 months ago

Hmm, this seems to be asking about who analyzes financial data for the insurance industry. I'm going to go with option D, Actuaries and bureaus.

upvoted 0 times

Terrilyn

2 months ago

Actuaries are essential for gathering industry statistics.

upvoted 0 times

...

Glenn

2 months ago

Boards and bureaus also play a role in utilizing financial data.

upvoted 0 times

...

Francesco

3 months ago

Yeah, they're the ones who review and approve rate filings.

upvoted 0 times

...

Sean

3 months ago

I think it's actuaries and bureaus too.

upvoted 0 times

...

...

Ahmad

4 months ago

I agree with Lynna, because boards and bureaus are responsible for reviewing and approving rate filings.

upvoted 0 times

...

Lynna

4 months ago

I think the answer is A) Boards and bureaus.

upvoted 0 times

...