A places the occurrence of the loss in one policy period even if the occurrence of the damage spanned a larger period of time.
Answer(s): B
The trigger is the assertion of a claim rather than the occurrence of the injury.
Answer(s): A
Transaction Code, Class of Risk, Line of Business, and Policy Expiration Date are all claim data elements of a company's:
Answer(s): D
In the case of an advance or partial payment, the loss reserve should not be adjusted to zero, but in cases of final payment, the loss reserve is adjusted to zero.
Post your Comments and Discuss Financial CFE exam with other Community members:
sena Commented on May 31, 2019 I will see if this helps TURKEY
To protect our content from bots for real learners like you, we ask you to register for free. Sign in or sign up now to continue with the CFE material!