ExamGecko
Login
Home / ABA / CTFA / List of questions
Ask Question

ABA CTFA Practice Test - Questions Answers, Page 83

List of questions

Question 821

Report Export Collapse

The loss reserve estimate is a significant estimate in the financial statements of an uninsured entity.

Become a Premium Member for full access
  Unlock Premium Member

Question 822

Report Export Collapse

Procedures for ensuring that the data used by the loss reserve specialist is completed and accurate due to:

Become a Premium Member for full access
  Unlock Premium Member

Question 823

Report Export Collapse

In which of the following, Internal entity experience or information from published sources concerning recent trends in socioeconomic factors affecting claim payments:

Become a Premium Member for full access
  Unlock Premium Member

Question 824

Report Export Collapse

What method assumes that an entity's historical experience relating to the timeliness of settlement will be predictive of future results?

Become a Premium Member for full access
  Unlock Premium Member

Question 825

Report Export Collapse

The method which assumes that an entity's experience in estimating case-basis reserves will be repeated in the future is called:

Become a Premium Member for full access
  Unlock Premium Member

Question 826

Report Export Collapse

A basic premise underlying the application of ____________ is that it is reasonable to assume that plausible relationships among data exist and continue in the absence of known conditions to the contrary.

Become a Premium Member for full access
  Unlock Premium Member

Question 827

Report Export Collapse

An entity's practices concerning loss settlement, such as a practice of vigorously defending suits or of quickly settling suits, can have a significant effect on an entity's loss experience.

Become a Premium Member for full access
  Unlock Premium Member

Question 828

Report Export Collapse

For reinsurance assumed, the concepts analogous to __________ are referred to as attachment points and limits.

Become a Premium Member for full access
  Unlock Premium Member

Question 829

Report Export Collapse

A lower net retention level typically would translate into a higher v\variability of reserves.

Become a Premium Member for full access
  Unlock Premium Member

Question 830

Report Export Collapse

An increase in loss reserves may lead to offset by a reduction in premiums and a decrease in loss reserves may be a receivable for additional premiums.

Become a Premium Member for full access
  Unlock Premium Member
Total 895 questions
Go to page: of 90
Search
Open VPLUS File
Convert VPLUS to PDF

Related questions

A tax structure in which the larger the amount of taxable income, the higher the rate at which it is taxed is:
Gross income essentially includes any and all income subject to federal taxes. Here are some common forms of gross income Except:
___________ is a type of insurance that protects funds on deposit against failure of the institution; can be insured by the FDIC and the NCUA.
The difference between the purchase price and the repurchase price, or sale price, plus accrued interest on the security represents:
Taxable income is:
Average severities projection method uses various claim count and average cost per claim date on either a paid or insured basis.
All of the following are investment alternatives, Except:
In negotiating car prices, choosing among various makes, models, and options can make comparison difficult. You can check one of the popular price guides to research used car prices. What is that guide?
The __________ decision involves determining the appropriate make-up of the righthand side of the balance sheet.
Which of the following tests is used to test the weak form of market efficiency?