Financial SOFA-CFE Exam (page: 8)
Financial Certified iner
Updated on: 25-Dec-2025

Viewing Page 8 of 53

Loss reserves that are not established on a claim number basis are identified as bulk reserves.

  1. True
  2. False

Answer(s): A



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

  1. Claims-made reserves
  2. Supplemental reserves
  3. Reopened claim reserves
  4. Claims-in-transit

Answer(s): B



Which policy covers losses reported during the policy period rather than when they occurred?

  1. case reserve
  2. case average
  3. claims-made
  4. reported claim

Answer(s): C



___________ is the sale of damaged goods, for which the insured has been indemnified by the company.

  1. Salvage
  2. Loss offset
  3. Reevaluation
  4. None of the above

Answer(s): A



What is based on the principle that for a service rendered (i.e., the payment of the indemnity claim), the insured assigns to the insurer any rights that may inure to the insured from third parties.

  1. Salvage
  2. Indemnity payment
  3. Subrogation
  4. Reinsurance resource

Answer(s): C



Expenses that are identified by the state and coverage code of the related claim to properly match the costs to the policy and earned premium are called:

  1. Loss adjustment expense
  2. Defense and Cost Containment
  3. Adjusting and Other
  4. Surveillance expense

Answer(s): B



Loss Notification, Coverage Triggers, Data Maintenance/Accuracy are all categories of:

  1. Loss notification
  2. Claim adjusters
  3. Company adjusters
  4. Claim processing

Answer(s): D



What is the summation of many claims triggered from a common event may have one general claim file and subsidiary files to contain the facts surrounding the individual claims?

  1. aggregate claim
  2. partner's claim
  3. adjuster's claim
  4. coverage trigger

Answer(s): A



Viewing Page 8 of 53



Share your comments for Financial SOFA-CFE exam with other users:

Aaron 2/8/2023 12:10:00 AM

thank you for providing me with the updated question and answers. this version has all the questions from the exam. i just saw them in my exam this morning. i passed my exam today.
SOUTH AFRICA


Sarwar 12/21/2023 4:54:00 PM

how i can see exam questions?
CANADA


Chengchaone 9/11/2023 10:22:00 AM

can you please upload please?
Anonymous


Mouli 9/2/2023 7:02:00 AM

question 75: option c is correct answer
Anonymous


JugHead 9/27/2023 2:40:00 PM

please add this exam
Anonymous


sushant 6/28/2023 4:38:00 AM

please upoad
EUROPEAN UNION


John 8/7/2023 12:09:00 AM

has anyone recently attended safe 6.0 certification? is it the samq question from here.
Anonymous


Blessious Phiri 8/14/2023 3:49:00 PM

expository experience
Anonymous


concerned citizen 12/29/2023 11:31:00 AM

52 should be b&c. controller failure has nothing to do with this type of issue. degraded state tells us its a raid issue, and if the os is missing then the bootable device isnt found. the only other consideration could be data loss but thats somewhat broad whereas b&c show understanding of the specific issues the question is asking about.
UNITED STATES


deedee 12/23/2023 5:10:00 PM

great help!!!
UNITED STATES


Samir 8/1/2023 3:07:00 PM

very useful tools
UNITED STATES


Saeed 11/7/2023 3:14:00 AM

looks a good platform to prepare az-104
Anonymous


Matiullah 6/24/2023 7:37:00 AM

want to pass the exam
Anonymous


SN 9/5/2023 2:25:00 PM

good resource
UNITED STATES


Zoubeyr 9/8/2023 5:56:00 AM

question 11 : d
FRANCE


User 8/29/2023 3:24:00 AM

only the free dumps will be enough for pass, or have to purchase the premium one. please suggest.
Anonymous


CW 7/6/2023 7:37:00 PM

good questions. thanks.
Anonymous


Farooqi 11/21/2023 1:37:00 AM

good for practice.
INDIA


Isaac 10/28/2023 2:30:00 PM

great case study
UNITED STATES


Malviya 2/3/2023 9:10:00 AM

the questions in this exam dumps is valid. i passed my test last monday. i only whish they had their pricing in inr instead of usd. but it is still worth it.
INDIA


rsmyth 5/18/2023 12:44:00 PM

q40 the answer is not d, why are you giving incorrect answers? snapshot consolidation is used to merge the snapshot delta disk files to the vm base disk
IRELAND


Keny 6/23/2023 9:00:00 PM

thanks, very relevant
PERU


Muhammad Rawish Siddiqui 11/29/2023 12:14:00 PM

wrong answer. it is true not false.
SAUDI ARABIA


Josh 7/10/2023 1:54:00 PM

please i need the mo-100 questions
Anonymous


VINNY 6/2/2023 11:59:00 AM

very good use full
Anonymous


Andy 12/6/2023 5:56:00 AM

very valid questions
Anonymous


Mamo 8/12/2023 7:46:00 AM

will these question help me to clear pl-300 exam?
UNITED STATES


Marial Manyang 7/26/2023 10:13:00 AM

please provide me with these dumps questions. thanks
Anonymous


Amel Mhamdi 12/16/2022 10:10:00 AM

in the pdf downloaded is write google cloud database engineer i think that it isnt the correct exam
FRANCE


Angel 8/30/2023 10:58:00 PM

i think you have the answers wrong regarding question: "what are three core principles of web content accessibility guidelines (wcag)? answer: robust, operable, understandable
UNITED STATES


SH 5/16/2023 1:43:00 PM

these questions are not valid , they dont come for the exam now
UNITED STATES


sudhagar 9/6/2023 3:02:00 PM

question looks valid
UNITED STATES


Van 11/24/2023 4:02:00 AM

good for practice
Anonymous


Divya 8/2/2023 6:54:00 AM

need more q&a to go ahead
Anonymous