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Free CFE Exam Braindumps (page: 59)

Page 59 of 105
PDF with 416 Questions

Which of the following is the characteristic of an actuarially sound loss reserve?

  1. It is for a defined group of claims.
  2. It is as of a particular valuation date.
  3. It is for liabilities that existed on a particular accounting date.
  4. All of the above

Answer(s): D



What measure the amounts at risk in a book of business?

  1. Policy limits
  2. Exposure bases
  3. Line of business
  4. Underwriting cycle

Answer(s): B



The frequency of loss is the:

  1. The number of claims divided by the number of exposures
  2. The number of exposures minus the number of loss
  3. The number of coverage extensions divided by the number of exposures
  4. The number of claims multiplied by the number of retroactive data

Answer(s): A



In estimating loss and loss adjustment expense, the actuary attempts to group claims into:

  1. heterogeneous groups
  2. business groups
  3. homogeneous groups
  4. coverage extensions groups

Answer(s): C



Page 59 of 105



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