SOFE Exam SOFA-CFE Topic 8 Question 106 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 106
Topic #: 8

[All SOFA-CFE Questions]

State regulations are established to ensure that claims are settled in a good faith manner

Ainsurance regulatory information department

Bdomiciliary state insurance department

CEvolution of insurance department

DFinancial insurance strength department

Show Suggested Answer

Suggested Answer: A

by Patria at Jan 23, 2025, 07:39 PM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Tyisha

1 months ago

Wait, there's a 'Financial Insurance Strength Department'? Is that where they keep the insurance companies that are working out at the gym?

upvoted 0 times

...

Nickie

1 months ago

I bet the 'Evolution of insurance department' option is just a trick question to see if anyone's paying attention. Insurance departments don't evolve, they just get more bureaucratic over time.

upvoted 0 times

...

Brinda

1 months ago

D) Financial insurance strength department? Really? That's clearly not the right answer here. Someone's been spending too much time looking at insurance company ratings.

upvoted 0 times

...

Lillian

1 months ago

Hmm, I was thinking A) insurance regulatory information department, but B makes more sense. The state regulatory department is the one that enforces good faith claims settlement.

upvoted 0 times

Jesus

3 days ago

C) Evolution of insurance department

upvoted 0 times

...

Jestine

8 days ago

You're right, B is the correct answer. The domiciliary state insurance department is responsible for enforcing good faith claims settlement.

upvoted 0 times

...

Gail

12 days ago

B) domiciliary state insurance department

upvoted 0 times

...

Maryann

17 days ago

A) insurance regulatory information department

upvoted 0 times

...

Jesusa

2 months ago

I agree, B is the right answer. The domiciliary state insurance department is responsible for overseeing the insurance industry and protecting consumer interests.

upvoted 0 times

Dahlia

5 days ago

D) Financial insurance strength department

upvoted 0 times

...

Fabiola

6 days ago

C) Evolution of insurance department

upvoted 0 times

...

Lucia

8 days ago

C) Evolution of insurance department

upvoted 0 times

...

Stefany

10 days ago

B) domiciliary state insurance department

upvoted 0 times

...

Tiara

14 days ago

B) domiciliary state insurance department

upvoted 0 times

...

Van

17 days ago

A) insurance regulatory information department

upvoted 0 times

...

Chery

1 months ago

A) insurance regulatory information department

upvoted 0 times

...

Francisca

2 months ago

The correct answer is B) domiciliary state insurance department. This department ensures that insurance claims are settled fairly and in compliance with state regulations.

upvoted 0 times

...