Free CFE Exam Braindumps (page: 14)

Page 14 of 105

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

  1. Traditional settlements
  2. Losses paid
  3. Secured claims payment
  4. Short-tail claims payment

Answer(s): B



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

  1. Traditional claim settlement
  2. Losses paid settlement
  3. Secured claims settlement
  4. structured claims settlement

Answer(s): D



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.

  1. Annuity method
  2. Casualty control method
  3. periodic payment method
  4. Loss reserves

Answer(s): A



Which of the following is the component of loss and loss adjustment liabilities are used in meeting the challenge?

  1. case reserves
  2. supplement reserves
  3. reopened claim reserves
  4. All of the above

Answer(s): D



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sena commented on May 31, 2019
I will see if this helps
TURKEY
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