American Bankers Association Exam CTFA Topic 6 Question 70 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 70
Topic #: 6

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 Kimbery at Jul 11, 2024, 03:20 AM

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Hailey

4 months ago

I'm not sure, but I think it makes sense for insurance companies to keep those accounts separate for transparency.

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Barb

4 months ago

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

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Xenia

4 months ago

Hmm, let me think... Segregated accounts, yeah, that's the one. I bet the insurance company has to keep those separate for compliance reasons or something.

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Gail

4 months ago

I think the answer is D) Segregated.

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Hailey

4 months ago

Ugh, I always get these insurance terms mixed up. But I'm gonna go with D) Segregated. Sounds the most logical to me.

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Leigha

4 months ago

I'm pretty sure it's the Segregated accounts. That's where they keep all the juicy stuff, right?

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Frederica

3 months ago

That's right, Segregated accounts are specifically maintained to keep the insurance company's financial statements separate and organized.

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Mitsue

3 months ago

It's definitely the Segregated accounts that need to be presented separately in the financial statements.

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Glenn

4 months ago

Yes, you're correct! Segregated accounts are where they keep all the important financial information separate from the general business.

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Tamesha

4 months ago

Segregated accounts are crucial for insurance companies to track their assets and liabilities accurately.

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Leoma

4 months ago

I think it's important to present those separately to ensure transparency and accuracy in reporting.

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Lonny

4 months ago

Yes, you're correct! Segregated accounts are where they keep all the important financial information separate.

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