Free Financial CFE Exam Braindumps (page: 18)

A places the occurrence of the loss in one policy period even if the occurrence of the damage spanned a larger period of time.

  1. event occurrence
  2. deemer clause
  3. manifestation
  4. double trigger

Answer(s): B



The trigger is the assertion of a claim rather than the occurrence of the injury.

  1. true
  2. False

Answer(s): A



Transaction Code, Class of Risk, Line of Business, and Policy Expiration Date are all claim data elements of a company's:

  1. operational plan
  2. Transaction cycle
  3. Data maintenance
  4. statistical plan

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.

  1. True
  2. False

Answer(s): A



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