SOFE Exam SOFA-CFE Topic 1 Question 73 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 73
Topic #: 1

Any real estate which is owned by and more than 50 percent occupied (based on rentable square footage) by an insurer and its' affiliates is considered property occupied by the company.

ATrue

BFalse

Show Suggested Answer

Suggested Answer: D

by Jesusa at Aug 08, 2023, 11:55 AM

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Dianne

1 months ago

Haha, 'property occupied by the company' - so, they're living there too? Gotta love these insurance exam questions.

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Jerry

1 months ago

Affiliates? Does that include the CEO's vacation home? This is getting tricky.

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Pura

15 days ago

A) True

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Tiera

2 months ago

Wait, does 'occupied' refer to the insurer actually using the space, or just renting it out? Gotta think this through.

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Glendora

24 days ago

B) False

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Youlanda

1 months ago

It refers to the insurer actually using the space.

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Rikki

1 months ago

A) True

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Izetta

2 months ago

Hmm, this seems straightforward. I'll go with True.

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Leontine

1 months ago

I'm not entirely sure, but I'll go with True as well.

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Sherill

1 months ago

I agree, it does seem pretty straightforward. I also think it's True.

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Louisa

2 months ago

I see both points, but I think the answer is A) True because if the insurer owns the property and most of it is occupied by them, then it should be considered property occupied by the company.

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Salome

2 months ago

I disagree, I believe the answer is B) False because just owning the property doesn't necessarily mean it's occupied by the company.

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Louis

2 months ago

I think the answer is A) True because it makes sense for the insurer to occupy their own property.

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