SOFE Exam SOFA-CFE Topic 1 Question 100 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 100
Topic #: 1

The bulk reserves are used when statistical analysis indicates that the ultimate development of the original reserves will be deficient are called:

AClaims-made reserves

BSupplemental reserves

CReopened claim reserves

DClaims-in-transit

Show Suggested Answer

Suggested Answer: C

by Kris at Sep 17, 2024, 02:32 PM

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Argelia

12 days ago

But supplemental reserves are specifically set aside for deficiencies in original reserves, so I think it makes more sense.

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Mariko

12 days ago

Hmm, I was thinking D) Claims-in-transit, but now that I read the question again, that doesn't seem to fit. Supplemental reserves makes more sense.

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Irene

13 days ago

I disagree, I believe the answer is A) Claims-made reserves.

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Argelia

16 days ago

I think the answer is B) Supplemental reserves.

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German

17 days ago

I'm pretty sure the answer is B) Supplemental reserves. That's the one that matches the description of being used when the original reserves are found to be insufficient.

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