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SOFA-CFE · Question #233
SOFA-CFE Question #233: Real Exam Question with Answer & Explanation
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Question
Which of the following is the characteristic of an actuarially sound loss reserve?
Options
- AIt is for a defined group of claims.
- BIt is as of a particular valuation date.
- CIt is for liabilities that existed on a particular accounting date.
- DAll of the above
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