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AFE Exam Dumps : Accredited Financial Examiner

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Question 1

Who is responsible for accounting for customer remittance advices and the agent’s current account?

Options:

A.

Accounts department

B.

Customer release policy

C.

Payment policy

D.

Premium collection department

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Question 2

In many states, a claims-made insurance policy is required to:

Options:

A.

contain an extended-reporting clause

B.

provide for purchase, at the policyholder’s option

C.

provide for automatic tail coverage

D.

All of the above

Question 3

Changes in payment procedures or changes in the definition of payment date for coding purposes may or may not affect loss reserve developments.

Options:

A.

True

B.

False

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