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SOFE Exam AFE Topic 1 Question 47 Discussion

Actual exam question for SOFE's AFE exam

Question #: 47
Topic #: 1

[All AFE Questions]

If claims have been reported to the insurer after the contract period, it may several months for the insurer to investigate and establish a case reserve for reported claims.

ATrue

BFalse

Show Suggested Answer

Suggested Answer: B

by Brett at Oct 15, 2022, 12:51 PM

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Dominga

1 months ago

True, and if the insurer takes any longer, I might just show up at their office with a sleeping bag. Who needs a hotel when you can camp out in the lobby?

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Elouise

1 months ago

True, and as someone who's filed a claim before, I can attest that the process is a real snooze-fest. I almost fell asleep waiting for the adjuster to show up.

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Deane

1 months ago

True, but I bet the insurer is just dragging their feet to avoid paying out. They're probably sipping mai tais on the beach while I'm waiting for my check.

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Pearly

3 days ago

It's important to be patient and allow the insurer to properly investigate the claims.

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Delpha

6 days ago

It's true that it may take several months for the insurer to establish a case reserve for reported claims.

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Kimbery

25 days ago

I understand your frustration, but insurers have to follow a process to investigate claims.

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Ettie

2 months ago

False! The insurer should be able to process claims quickly. What is this, the dark ages? I need my money now!

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Abraham

3 days ago

It's frustrating, but it's necessary for the insurance company to protect themselves.

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Idella

8 days ago

I understand, but waiting for months is just too long.

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Katlyn

10 days ago

False! But it's important for insurers to be thorough in their investigations.

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Alisha

29 days ago

Insurers need time to investigate claims to prevent fraud.

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Joesph

1 months ago

False! The insurer should be able to process claims quickly. What is this, the dark ages? I need my money now!

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France

1 months ago

Claims can take time to investigate and process, it's not always immediate.

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Izetta

1 months ago

B) False

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Aimee

1 months ago

A) True

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Stephaine

2 months ago

True, the insurer needs time to properly investigate and assess the claims. This is a common industry practice.

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Boris

1 months ago

That makes sense, they need to make sure they have all the information before setting aside funds for the claims.

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Salome

1 months ago

A) True

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Karl

2 months ago

A) True. It takes time to accurately assess the financial impact of reported claims.

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Lavelle

2 months ago

B) False. Insurers should establish case reserves immediately.

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Karl

3 months ago

A) True. Insurers need time to investigate claims.

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