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Financial Certified Examiner (CFE) CFE Dumps in PDF

Free Financial CFE Real Questions (page: 11)

Page 11 of 85 CFE PDF — 416 Questions

QUESTION: 51

The development and payment patterns associated with reported claims can be used to estimate the other loss liability components commonly called:

Incurred and reported
Unclaimed and losses
Incurred but not reported
Uninsured and not reported

Answer(s): C

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QUESTION: 52

The formula to calculate Losses incurred for the accounting period is:

Incurred losses = (Losses paid to date) / (Loss reserve prior period) + (loss reserve final period)
Incurred losses = (Losses paid to date) _ (Loss reserve prior period) + (loss reserve current period)
Incurred losses = (Annual Losses) _ (Losses paid to date) + (loss reserve current period)
Incurred losses = (Losses paid to date) + (Loss reserve prior period) _ (loss reserve current period)

Answer(s): B

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QUESTION: 53

What is the total amount of checks, wire transfers or drafts issued in settlement of claims for the risks insured by the company?

Traditional settlements
Losses paid
Secured claims payment
Short-tail claims payment

Answer(s): B

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QUESTION: 54

Since the periodic payments agreed to by the parties are scheduled into the future, the arrangement is often referred to as:

Traditional claim settlement
Losses paid settlement
Secured claims settlement
structured claims settlement

Answer(s): D

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QUESTION: 55

The purpose of the is to provide equitable settlements with claimants as well as to control the insurer's claim costs from economic and social inflation.

Annuity method
Casualty control method
periodic payment method
Loss reserves

Answer(s): A

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oliverjames

10/24/2023 5:37:00 AM

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12/8/2023 9:49:00 AM

question: 93 which statement is true regarding the result? sales contain 6 columns and values contain 7 columns so c is not right answer.

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11/9/2023 5:41:00 AM

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Steve

8/17/2023 2:19:00 PM

question #18s answer should be a, not d. this should be corrected. it should be minvalidityperiod

R

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12/4/2023 12:56:00 AM

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Da Costa

8/27/2023 11:43:00 AM

question 128 the answer should be static not auto

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7/26/2023 6:45:00 PM

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