Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

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?

Show Suggested Answer Hide Answer
Suggested Answer: D

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

Limited Time Offer

25%

Off

Get Premium CTFA Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Cathern
2 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?
upvoted 0 times
Jesusa
23 days ago
It's all about keeping things organized and ensuring that each account is properly accounted for.
upvoted 0 times
...
Rozella
25 days ago
Segregated accounts are crucial for insurance companies to maintain transparency and accuracy in their financial reporting.
upvoted 0 times
...
Edelmira
28 days ago
Absolutely, you wouldn't want any confusion between the general business and the special accounts.
upvoted 0 times
...
Mitzie
1 months ago
I agree, D) Segregated is the correct answer. It's important to keep those accounts separate.
upvoted 0 times
...
...
Lashandra
2 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.
upvoted 0 times
Margery
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.
upvoted 0 times
...
Alpha
1 months ago
D) Segregated
upvoted 0 times
...
Bernadine
1 months ago
C) Principal
upvoted 0 times
...
Linwood
1 months ago
B) Temporal
upvoted 0 times
...
Lonna
1 months ago
A) Business
upvoted 0 times
...
...
Shawn
3 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.
upvoted 0 times
Nada
2 months ago
Definitely, can you imagine the confusion if they didn't segregate those accounts?
upvoted 0 times
...
Kimberely
2 months ago
It's crucial for insurance companies to present those accounts separately from their general business.
upvoted 0 times
...
Nu
2 months ago
I agree, D) Segregated is the correct answer. It's important to keep those accounts separate.
upvoted 0 times
...
...
Salina
3 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.
upvoted 0 times
Lavina
2 months ago
B) Temporal
upvoted 0 times
...
Avery
2 months ago
C) Principal
upvoted 0 times
...
Ines
2 months ago
A) Business
upvoted 0 times
...
Willard
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.
upvoted 0 times
...
...
Gerald
3 months ago
I agree with Regenia, the financial statements of the segregated accounts must be presented separately.
upvoted 0 times
...
Regenia
3 months ago
I think the answer is D) Segregated.
upvoted 0 times
...
Raymon
3 months ago
Hmm, I was thinking B) Temporal, but D) Segregated makes more sense. The insurance company has to keep those accounts separate, right?
upvoted 0 times
...
Maricela
3 months ago
I'm pretty sure it's D) Segregated. Insurance companies have to keep their segregated accounts separate from their general business operations.
upvoted 0 times
Norah
2 months ago
Exactly, it helps ensure that policyholders' funds are protected.
upvoted 0 times
...
Celia
2 months ago
That makes sense, they need to maintain transparency in their financial reporting.
upvoted 0 times
...
Cortney
2 months ago
Yes, insurance companies are required to keep their segregated accounts separate.
upvoted 0 times
...
Avery
3 months ago
I think you're right, it's D) Segregated.
upvoted 0 times
...
...

Save Cancel