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American Bankers Association Exam CTFA Topic 6 Question 70 Discussion

Actual exam question for American Bankers Association's Certified Trust and Financial Advisor exam
Question #: 70
Topic #: 6
[All Certified Trust and Financial Advisor 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 Kimbery at Jul 11, 2024, 03:20 AM

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Hailey
24 days 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
26 days ago
I agree with Gail, because the financial statements of segregated accounts must be presented separately.
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Xenia
2 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
2 months ago
I think the answer is D) Segregated.
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Hailey
2 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
2 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
23 days 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
23 days ago
It's definitely the Segregated accounts that need to be presented separately in the financial statements.
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Glenn
24 days 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
1 months ago
Segregated accounts are crucial for insurance companies to track their assets and liabilities accurately.
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Leoma
1 months ago
I think it's important to present those separately to ensure transparency and accuracy in reporting.
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Lonny
1 months ago
Yes, you're correct! Segregated accounts are where they keep all the important financial information separate.
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