American Bankers Association Exam CTFA Topic 11 Question 66 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 66
Topic #: 11

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 Deandrea at May 21, 2024, 02:17 AM

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Elza

6 months ago

Definitely D. Segregated accounts. That's where they keep all the money from insuring Bigfoot sightings and the Loch Ness Monster.

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Lakeesha

5 months ago

No, it's actually D) Segregated. That's where they keep the funds separate from the general account.

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Cora

5 months ago

A) Business

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Cristy

5 months ago

That's right! Segregated accounts are where they keep all the money for specific insurance purposes.

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Launa

5 months ago

It's important to keep those accounts separate to manage the risk effectively.

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Arlyne

6 months ago

D) Segregated

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Leota

6 months ago

Yep, those accounts are like a mystery vault for all the unusual claims.

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Desmond

6 months ago

D) Segregated

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Chauncey

6 months ago

I agree, D. Segregated accounts are where they keep all the risky stuff separate.

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Candra

6 months ago

A) Business

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Natalie

7 months ago

Option D, segregated accounts. The insurance company has to keep those separate so they don't accidentally use the unicorn insurance premiums to buy more coffee for the break room.

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Marguerita

6 months ago

Yes, it's crucial for insurance companies to maintain the integrity of their financial statements by separating out the different accounts.

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Emilio

6 months ago

Segregated accounts are important to keep the funds separate and avoid any mix-ups.

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Hyman

7 months ago

Hmm, I think the answer is D. Segregated accounts. That's where they put all the money they make from selling insurance to unicorns and leprechauns, right?

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