SOFE
SOFA-CFE · Question #231
SOFA-CFE Question #231: Real Exam Question with Answer & Explanation
The correct answer is C. claims-in-transit reserve. See the full explanation below for the reasoning.
Question
What is the estimated liability for claims reported but not yet recorded?
Options
- Aclaims-adjustment reserve
- Bliability-for-claim reserve
- Cclaims-in-transit reserve
- Dincurred-claim reserve
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