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American Bankers Association Exam CTFA Topic 5 Question 89 Discussion

Actual exam question for American Bankers Association's CTFA exam
Question #: 89
Topic #: 5
[All CTFA Questions]

What allows an entity to eliminate the reserve that was recorded for the claim, even if it exceeded the amount paid for the settlement?

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Suggested Answer: C

by Adela at May 04, 2025, 12:16 PM

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Aleisha
5 days ago
C) structured settlement? That sounds like it's more about how the claim is paid out, not how the reserve is eliminated. I'm going with B) on this one.
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Dion
3 days ago
A) ethical act
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Audry
17 days ago
Haha, A) ethical act? Yeah, right. As if insurance companies ever do anything purely out of the goodness of their hearts. It's all about the bottom line.
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Brunilda
4 days ago
Insurance companies are all about profit.
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Jovita
18 days ago
I'm not sure, but I think it could also be A) ethical act if the entity decides to do the right thing.
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Kanisha
23 days ago
D) None of the above? Really? I feel like there has to be a specific way to do this. Maybe it's a trick question?
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Marlon
24 days ago
I think the answer is B) controlled procedure. It just makes sense that there would be a structured process for eliminating the reserve.
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Caitlin
24 days ago
I believe it's C) structured settlement because it provides a systematic way to eliminate the reserve.
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Marshall
1 months ago
I agree with Cecily, a controlled procedure makes sense.
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Cecily
1 months ago
I think it's B) controlled procedure.
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a