American Bankers Association Exam CTFA Topic 1 Question 80 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 80
Topic #: 1

The financial statements of which accounts maintained by insurance company that must be presented separately from the insurance company's general account business?

ABusiness

BTemporal

CPrincipal

DSegregated

Show Suggested Answer

Suggested Answer: D

by Sanda at Oct 18, 2024, 06:59 AM

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Lashandra

2 days ago

D) Segregated, no doubt. I bet the insurance company would be in hot water if they didn't keep those accounts separate. Probably a good idea to keep the books nice and tidy.

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Shawn

14 days ago

Gotta be D) Segregated. I mean, can you imagine the chaos if they just lumped everything together? Insurance companies need to keep those accounts separate, for sure.

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27 days ago

I'm pretty sure it's D) Segregated. Insurance companies have to keep their segregated accounts separate from their general business operations.

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Cortney

18 hours ago

Yes, insurance companies are required to keep their segregated accounts separate.

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Avery

15 days ago

I think you're right, it's D) Segregated.

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