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SOFE Exam SOFA-CFE Topic 8 Question 106 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 106
Topic #: 8
[All SOFA-CFE Questions]

State regulations are established to ensure that claims are settled in a good faith manner

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Suggested Answer: A

by Patria at Jan 23, 2025, 07:39 PM

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Tyisha
2 months ago
Wait, there's a 'Financial Insurance Strength Department'? Is that where they keep the insurance companies that are working out at the gym?
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Nickie
2 months ago
I bet the 'Evolution of insurance department' option is just a trick question to see if anyone's paying attention. Insurance departments don't evolve, they just get more bureaucratic over time.
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Brinda
2 months ago
D) Financial insurance strength department? Really? That's clearly not the right answer here. Someone's been spending too much time looking at insurance company ratings.
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Lillian
2 months ago
Hmm, I was thinking A) insurance regulatory information department, but B makes more sense. The state regulatory department is the one that enforces good faith claims settlement.
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Terry
27 days ago
B makes more sense.
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Christiane
28 days ago
The state regulatory department is the one that enforces good faith claims settlement.
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Ernest
29 days ago
B) domiciliary state insurance department
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Charlie
30 days ago
A) insurance regulatory information department
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Jesus
1 months ago
C) Evolution of insurance department
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Jestine
1 months ago
You're right, B is the correct answer. The domiciliary state insurance department is responsible for enforcing good faith claims settlement.
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Gail
1 months ago
B) domiciliary state insurance department
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Maryann
2 months ago
A) insurance regulatory information department
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Jesusa
3 months ago
I agree, B is the right answer. The domiciliary state insurance department is responsible for overseeing the insurance industry and protecting consumer interests.
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Dahlia
1 months ago
D) Financial insurance strength department
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Fabiola
1 months ago
C) Evolution of insurance department
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Lucia
1 months ago
C) Evolution of insurance department
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Stefany
1 months ago
B) domiciliary state insurance department
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Tiara
1 months ago
B) domiciliary state insurance department
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Van
2 months ago
A) insurance regulatory information department
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Chery
2 months ago
A) insurance regulatory information department
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Francisca
3 months ago
The correct answer is B) domiciliary state insurance department. This department ensures that insurance claims are settled fairly and in compliance with state regulations.
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Dacia
3 months ago
I believe the answer might be A) insurance regulatory information department because they oversee the regulations.
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Orville
3 months ago
I agree, it helps ensure that claims are handled fairly and in good faith.
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Tracie
3 months ago
I think state regulations are important for protecting consumers.
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