Free CFE Exam Braindumps (page: 57)

Page 57 of 105

An insurance company incurs as soon as an insured incident occurs.

  1. loss credit
  2. loss liability
  3. remediation
  4. reconcile asset

Answer(s): B



The date used to define the group of claims to be included in estimated loss liabilities is called:

  1. expense adjustment date
  2. loss reserve date
  3. financing date
  4. accounting date

Answer(s): D



The cutoff date for data used in the estimation of loss and loss expense liabilities is called:

  1. valuation date
  2. loss reserve date
  3. accident date
  4. expense adjustment date

Answer(s): A



The date an insurer or its agent is informed of a claim is known as:

  1. claim date
  2. account date
  3. report date
  4. testimony date

Answer(s): C



Page 57 of 105



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
upvote