AD Banker exam bundle ( graded A+)

Ad Banker Comprehensive Exam Questions & Answers 2023/2024 Which insurer's owner receives taxable corporate dividends as a return of profit? - ANSWER-Stock To make insurance more affordable and protect the insurance company from paying out too much in claims, insurers will: - ANSWER-Reinsure ...

A.D. BANKER: Life & Health - Comprehensive Exam 2023 with complete solutions Legally speaking, a producer has a __________ duty when handling life insurance premiums and applications for an insurer. - ANSWER-Fiduciary It is the _________ who issues a Certificate of Authority enabling an insure...

AD Banker Comprehensive Final Exam Questions & Answers 2023/2024 Dividends if declared are paid: A. Annually B. Semi-annually C. Monthly D. Quarterly - ANSWER-A. Annually An insured dies within the time limit of an Increasing Term Rider and the beneficiary receives the face amount plus t...

AD Banker Life Insurance Exam Questions & Answers 2023/2024 Insurers - ANSWER-(Insurance Companies or Carriers) provide insurance coverage by issuing particular insurance policies or contracts Insurance Agencies - ANSWER-Independent sales organizations that provide service and distribute insur...

A.D. Banker Final Exam Questions & Answers 2023/2024 Which of the following situations will require proof of insurability? - ANSWER-Adjusting the face amount up on a Universal Life insurance policy with Option A death benefit selected Sean has a home with an mortgage. He needs life insurance t...

AD Banker Comprehensive Exam Questions & Answers 2023/2024 John is the agent for ABC Insurance and Jane is the insured. Who is the principal in this agency relationship? A. ABC Insurance B. None C. John D. Jane - ANSWER-A. ABC Insurance In an insurance contract the value that each party gi...

AD Banker Chapter 1 Exam Questions & Answers 2023/2024 A person who negotiates insurance contracts with insurers on behalf of an applicant is known as a(n): a. Broker b. Consultant c. Advisor d. Agent/Producer - ANSWER-a. Broker The contract type in which only one party is legally bound to...

AD Banker Comprehensive Exam Questions & Answers 2023/2024 The field underwriter is the _________ and is not a determiner of insurability. - ANSWER-Producer The insurance industry is primarily regulated at the _________ level. - ANSWER-State A contract that is drafted by an insurer and rece...

AD Banker Exam Questions & Answers 2023/2024 Until yesterday, J. J. worked for his father's company and was covered by the company's large group health plan. He stopped working to go to college. He is 26 years of age and wants to keep the same coverage until he earns his degree in approximately...

AD Banker Comprehensive Practice Exam Questions & Answers 2023/2024 All of the following are true in general about riders, except: A) A rider can modify conditions of the policy by expanding or decreasing its benefits B) Riders are optional C) All riders are provided for as long as the polic...

A.D. Banker Comprehensive Exam Questions & Answers 2023/2024 If an insurer makes a payment for a claim but the insured is dissatisfied with it, he/she must wait _____ days after proof of loss before he/she might take any legal action. - ANSWER-60 After the blackout period has ended, the widow ...

AD Banker Comprehensive Exam Questions & Answers 2023/2024 5 months - ANSWER-The waiting period from the start of a disability to be eligible to apply for Social Security disability is: Nonoccupational Basis - ANSWER-Most group Disability Income contracts are offered on a(n): Dental expense...

AD Banker Property and Casualty Comprehensive Exam Questions & Answers 2023/2024 Temporary Total Disability may be described as: - ANSWER-Inability to return to any employment while recovering Supplementary Payment under Part A of the Personal Auto Policy? - ANSWER-A Up to $250 for the cost of...

AD Banker Property & Casualty Practice Test Exam Questions & Answers 2023/2024 Warranty - ANSWER-An applicant makes a statement on the insurance application which becomes part of the contract that she has an alarm system which qualifies her for a premium discount. This statement is considered a _...