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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

22 days 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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Lashandra

25 days 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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Shawn

1 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

14 days ago

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

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Kimberely

14 days ago

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

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Nu

15 days ago

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

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Salina

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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Lavina

7 days ago

B) Temporal

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Avery

8 days ago

C) Principal

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Ines

9 days ago

A) Business

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Willard

26 days 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

1 months ago

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

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Regenia

1 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

17 days ago

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

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Celia

20 days ago

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

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Cortney

24 days ago

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

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Avery

1 months ago

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

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