American Bankers Association Exam CTFA Topic 4 Question 55 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 55
Topic #: 4

[All CTFA Questions]

What must be properly coded to meet the statutory reporting requirements of the annual statement and to provide statistics to support filling?

AClaims data

BInsurance act

CRisk estimation

DClaim settlement

Show Suggested Answer

Suggested Answer: B

by Sherita at Nov 21, 2023, 09:45 PM

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6 days ago

Hmm, I'm not so sure. The insurance act might be important too, since that's the legal framework we need to follow, right?

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6 days ago

I believe risk estimation is also important for providing statistics.

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7 days ago

I agree with Dolores, claims data is essential for statutory reporting.

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7 days ago

Claims data is the obvious answer here. How else are we supposed to provide the necessary statistics for the annual statement?

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9 days ago

I think claims data must be properly coded.

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