SOFE
SOFA-CFE · Question #48
The reserve for a reported claim that is established by an adjuster or a formula based on the company's loss experience is called:
The correct answer is B. case reserve. See the full explanation below for the reasoning.
Question
The reserve for a reported claim that is established by an adjuster or a formula based on the company’s loss experience is called:
Options
- Aloss reserve
- Bcase reserve
- Cadjustment reserve
- Dpredefined reserve
How the community answered
(42 responses)- A7% (3)
- B79% (33)
- C2% (1)
- D12% (5)
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