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American Bankers Association Exam CTFA Topic 1 Question 80 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 80
Topic #: 1

[All CTFA Questions]

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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Cathern

1 months ago

Definitely D) Segregated. If I were an insurance company, I'd want to keep my special accounts far away from the regular business dealings. Wouldn't want any mix-ups, you know?

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Mitzie

5 days ago

I agree, D) Segregated is the correct answer. It's important to keep those accounts separate.

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Lashandra

1 months 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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Alpha

3 days ago

D) Segregated

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Bernadine

7 days ago

C) Principal

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Linwood

8 days ago

B) Temporal

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Lonna

9 days ago

A) Business

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Shawn

2 months 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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Nada

26 days ago

Definitely, can you imagine the confusion if they didn't segregate those accounts?

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Kimberely

26 days ago

It's crucial for insurance companies to present those accounts separately from their general business.

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Nu

27 days ago

I agree, D) Segregated is the correct answer. It's important to keep those accounts separate.

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Salina

2 months ago

D) Segregated is the way to go. Can't mix up the insurance company's regular business with the special accounts they have to maintain.

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Lavina

19 days ago

B) Temporal

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Avery

20 days ago

C) Principal

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Ines

21 days ago

A) Business

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Willard

1 months ago

D) Segregated is the way to go. Can't mix up the insurance company's regular business with the special accounts they have to maintain.

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Gerald

2 months ago

I agree with Regenia, the financial statements of the segregated accounts must be presented separately.

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Regenia

2 months ago

I think the answer is D) Segregated.

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Raymon

2 months ago

Hmm, I was thinking B) Temporal, but D) Segregated makes more sense. The insurance company has to keep those accounts separate, right?

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Maricela

2 months 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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Norah

29 days ago

Exactly, it helps ensure that policyholders' funds are protected.

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Celia

1 months ago

That makes sense, they need to maintain transparency in their financial reporting.

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Cortney

1 months ago

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

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Avery

2 months ago

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

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