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American Bankers Association CTFA Exam - Topic 10 Question 30 Discussion

_____________ is considered to be self-sustaining if it is financially and operationally independent of the reporting enterprise.
D) Foreign operation
A) Retrocession
B) Reinsurance
C) Portfolio Investments

American Bankers Association CTFA Exam - Topic 10 Question 30 Discussion

Actual exam question for American Bankers Association's CTFA exam
Question #: 30
Topic #: 10
[All CTFA Questions]

_____________ is considered to be self-sustaining if it is financially and operationally independent of the reporting enterprise.

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Suggested Answer: D

by Barrett at May 29, 2022, 07:42 AM

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Pura
8 months ago
Totally agree, D is the right choice!
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Helaine
8 months ago
Really? I’m surprised it’s not B, that seems more fitting.
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Lenny
9 months ago
A self-sustaining entity needs to be independent, so D makes sense.
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Johna
9 months ago
I thought it was B, Reinsurance.
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Mariann
9 months ago
It's definitely D, Foreign operation.
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Aretha
9 months ago
I keep mixing up these terms, but I think retrocession is more about transferring risk, so it can't be A.
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Stevie
9 months ago
I feel like we covered this in class, and I thought self-sustaining referred to portfolio investments. Could that be C?
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Sherell
9 months ago
I'm not entirely sure, but I remember something about reinsurance being related to financial independence. Maybe it's B?
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Leah
9 months ago
I think the answer might be D, foreign operation, since it can operate independently from the main business.
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Salena
9 months ago
I've got this! The phases listed in the question are feasibility study, concept development, design, and prototype, so the correct answer is A.
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Jesse
9 months ago
I see 'Rest' and 'Ice' in multiple answers. I'll carefully look at the last three words to figure this out systematically.
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