SOFE Exam AFE Topic 3 Question 79 Discussion

Actual exam question for SOFE's AFE exam

Question #: 79
Topic #: 3

[All AFE Questions]

In , an adjustment is based on experience of an individual risk during the term of the policy and is generally subject to maximum and minimum premium limits specified in the policy.

ABusiness recordkeeping

BRetrospective premium adjustments

CPremium transaction flow

DAdjusting premiums

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Suggested Answer: A

by Ruthann at Jul 04, 2024, 05:44 AM

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Leandro

8 days ago

Retrospective premium adjustments, that's the one! I remember learning about that in my risk management class. It's all about adjusting premiums based on the actual experience during the policy term. Nailed it!

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