American Bankers Association Exam CTFA Topic 2 Question 59 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 59
Topic #: 2

[All CTFA Questions]

Who is responsible for accounting for customer remittance advices and the agent's current account?

AAccounts department

BCustomer release policy

CPayment policy

DPremium collection department

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Suggested Answer: A

by Art at Feb 11, 2024, 02:56 AM

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Vicente

13 days ago

Actually, I believe it's the premium collection department that is responsible for accounting for customer remittance advices.

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Janet

13 days ago

Hmm, I think the Accounts department would be responsible for handling customer remittance advices and the agent's current account. It's their bread and butter, you know?

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Kimbery

14 days ago

I agree with Heidy, the accounts department handles customer remittance advices.

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Heidy

22 days ago

I think the accounts department is responsible for that.

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