SOFE Exam AFE Topic 3 Question 60 Discussion

Actual exam question for SOFE's AFE exam

Question #: 60
Topic #: 3

[All AFE Questions]

In many states, a claims-made insurance policy is required to:

Acontain an extended-reporting clause

Bprovide for purchase, at the policyholder's option

Cprovide for automatic tail coverage

DAll of the above

Show Suggested Answer

Suggested Answer: B

by Viola at Jul 25, 2023, 02:46 AM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Fletcher

1 months ago

I'm going with D. If I had a nickel for every claims-made policy without those features, I'd have... no nickels. That's the right answer, trust me.

upvoted 0 times

Nu

12 days ago

I agree, D is the correct answer. It covers all the necessary features.

upvoted 0 times

...

Moon

1 months ago

Easy peasy, the answer is D. What kind of insurance policy doesn't have an extended-reporting clause these days? Seriously, who writes these questions?

upvoted 0 times

Carylon

4 days ago

Definitely, it's important to have that extra protection with an extended-reporting clause.

upvoted 0 times

...

Mabel

8 days ago

Yeah, most claims-made policies include that option for extended coverage.

upvoted 0 times

...

Tu

1 months ago

I agree, D is the correct answer. It's pretty standard to have an extended-reporting clause.

upvoted 0 times

...

Xuan

2 months ago

Hmm, I'm pretty confident it's D. A claims-made policy has to include all those options to be valid in most states.

upvoted 0 times

Rikki

10 days ago

Yes, D is the right answer. It's crucial for the policy to have all those components to meet state requirements.

upvoted 0 times

...

Ellsworth

29 days ago

I think D is the best option too. It's important to have all those features in the policy to ensure proper coverage.

upvoted 0 times

...

Laurel

1 months ago

I agree, D seems like the correct choice. It covers all the necessary requirements for a claims-made policy.

upvoted 0 times

...

Deeanna

2 months ago

I was leaning towards B, but now I'm not so sure. This is a tricky one, I better review the material again.

upvoted 0 times

Ernest

13 days ago

Yes, it's always good to double-check to make sure you understand the requirements.

upvoted 0 times

...

Rosalind

14 days ago

I remember reading about extended-reporting clauses in claims-made policies.

upvoted 0 times

...

Diane

16 days ago

I agree, it's important to review the material to be sure.

upvoted 0 times

...

Elbert

1 months ago

I think it's D) All of the above.

upvoted 0 times

...

Kattie

2 months ago

I'm not sure, but it makes sense that the answer would be D) All of the above to ensure comprehensive coverage.

upvoted 0 times

...

Matt

2 months ago

I agree with Robt, because claims-made policies often require all those options for coverage.

upvoted 0 times

...

Robt

2 months ago

I think the answer is D) All of the above.

upvoted 0 times

...

Hoa

2 months ago

I'm not sure about this one, but it makes sense that a claims-made policy would have all those provisions for coverage.

upvoted 0 times

...

Noel

2 months ago

I think the correct answer is D. All of the above. A claims-made policy needs to have those features to provide adequate coverage for the policyholder.

upvoted 0 times