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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?

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Suggested Answer: D

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

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Cathern
3 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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Jesusa
2 months ago
It's all about keeping things organized and ensuring that each account is properly accounted for.
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Rozella
2 months ago
Segregated accounts are crucial for insurance companies to maintain transparency and accuracy in their financial reporting.
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Edelmira
2 months ago
Absolutely, you wouldn't want any confusion between the general business and the special accounts.
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Mitzie
3 months ago
I agree, D) Segregated is the correct answer. It's important to keep those accounts separate.
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Lashandra
4 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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Margery
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.
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Alpha
2 months ago
D) Segregated
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Bernadine
3 months ago
C) Principal
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Linwood
3 months ago
B) Temporal
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Lonna
3 months ago
A) Business
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Shawn
4 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
3 months ago
Definitely, can you imagine the confusion if they didn't segregate those accounts?
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Kimberely
3 months ago
It's crucial for insurance companies to present those accounts separately from their general business.
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Nu
3 months ago
I agree, D) Segregated is the correct answer. It's important to keep those accounts separate.
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Salina
4 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
3 months ago
B) Temporal
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Avery
3 months ago
C) Principal
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Ines
3 months ago
A) Business
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Willard
4 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
4 months ago
I agree with Regenia, the financial statements of the segregated accounts must be presented separately.
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Regenia
4 months ago
I think the answer is D) Segregated.
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Raymon
4 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
4 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
3 months ago
Exactly, it helps ensure that policyholders' funds are protected.
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Celia
3 months ago
That makes sense, they need to maintain transparency in their financial reporting.
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Cortney
4 months ago
Yes, insurance companies are required to keep their segregated accounts separate.
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Avery
4 months ago
I think you're right, it's D) Segregated.
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