SOFE Exam AFE Topic 4 Question 98 Discussion

Actual exam question for SOFE's AFE exam

Question #: 98
Topic #: 4

[All AFE Questions]

Average severities projection method uses various claim count and average cost per claim date on either a paid or insured basis.

ATrue

BFalse

Show Suggested Answer

Suggested Answer: A

by Bette at Apr 09, 2025, 09:55 AM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Dick

2 days ago

If I had a dollar for every time I've seen this type of question, I'd be sipping mojitos on a beach right now. Definitely B.

upvoted 0 times

...

Elmira

6 days ago

Actuarial exams, where the right answer is always the one you least expect. I'm going to go with my gut and say B.

upvoted 0 times

...

Arlean

12 days ago

But the method does involve using claim count and average cost per claim, so I think it's true.

upvoted 0 times

...

Lezlie

18 days ago

Whoa, this question is straight out of the textbook. A all the way, baby!

upvoted 0 times

Otis

9 days ago

A) True

upvoted 0 times

...

Antonio

23 days ago

Ah, the age-old debate of paid vs. insured basis. This is a tricky one. I'll have to think it through carefully.

upvoted 0 times

Rosendo

5 days ago

A) True

upvoted 0 times

...

Farrah

29 days ago

I'm pretty sure I learned this in my actuarial classes. Better double-check, but I'm feeling confident about B.

upvoted 0 times

Essie

5 days ago

I'm going with A on this one.

upvoted 0 times

...

Vivienne

6 days ago

I remember learning about this too, and I'm pretty sure it's B.

upvoted 0 times

...

Adell

11 days ago

I think it's A, actually.

upvoted 0 times

...

Maurine

1 months ago

This sounds like something I should definitely know for the exam. Let's see... Paid or insured basis? Hmm, I'll go with A.

upvoted 0 times

...

Blair

1 months ago

I disagree, I believe it's B) False.

upvoted 0 times

...

Arlean

1 months ago

I think the answer is A) True.

upvoted 0 times

...