Ad banker comprehensive Study guides, Class notes & Summaries

AD Banker Comprehensive Exam 2024 Graded A. 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 the risk The direct writing distribution model utilizes: - ANSWER Salaried employees A good example of Risk Reduction might be: - ANSWER When one takes action to minimize the severity of a potential loss In insura...

AD Banker Comprehensive Exam 2024 Graded A. 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 the risk The direct writing distribution model utilizes: - ANSWER Salaried employees A good example of Risk Reduction might be: - ANSWER When one takes action to minimize the severity of a potential loss In insura...

AD BANKER COMPREHENSIVE FINAL EXAM NEW REVIEW Dividends if declared are paid: A. Annually B. Semi-annually C. Monthly D. Quarterly - A. Annually

AD Banker Comprehensive 2024/ 2025 Exam| Questions and Verified Answers| 100% correct| Grade A Q: The relationship of a person who acts on behalf of a company whereby the person's actions can bind the company is known as: A. Surplus lines or excess insurance B. The law of large numbers C. The law of agency D. Brokerage business Answer: C. Q: _____________ consists of groups of underwriters called syndicates, each of which specializes in insuring a particular type of risk. A. L...

AD Banker Comprehensive Exam| Questions and Verified Answers| 100% Correct| Grade A (Latest Update) Q: When insurance cannot be placed with a licensed insurer, it may be placed with an authorized/non-admitted insurer by a: A. General surplus producer B. General use producer C. General consultant D. Surplus Lines broker Answer: D. Q: In insurance, to determine acceptable risks is the primary responsibility of the: A. Underwriter B. Adjuster C. Auditor D. Producer Ans...

AD Banker Comprehensive Exam| Questions and Verified Answers| 100% Correct| Grade A (Latest Update 2024/ 2025) Q: Which of the following applies when two parties rely upon the promises of the other? Answer: Concept of utmost good faith Q: Which of the following is not an unfair claims practice? Answer: A. Attempting to settle claims on the basis of an altered application Answer:Failing to inform a claimant about appealing arbitration awards C. Requiring an insured to sue ...

AD Banker Comprehensive Exam 294 Questions And Answers 2024 (Verified Answers). A producer who is acting as an agent is representing: A The insured, the applicant and the beneficiary B Always the insured C The insured and the insurer D Always the insurer - Correct answer D In order to be valid, a contract must be between individuals considered legally able to enter into an agreement. This principle is known as: A Restricted persons B Considerations C Competent parties D Agreem...

AD Banker Comprehensive Exam / AD Banker Comprehensive Exam Actual Questions and Answers Solved Complete Test Already Passed/verified 100% A producer who is acting as an agent is representing: A The insured, the applicant and the beneficiary B Always the insured C The insured and the insurer D Always the insurer - CORRECT ANSWER-D In order to be valid, a contract must be between individuals considered legally able to enter into an agreement. This principle is known as: A Restr...

AD Banker Comprehensive Exam A producer who is acting as an agent is representing: A The insured, the applicant and the beneficiary B Always the insured C The insured and the insurer D Always the insurer - D In order to be valid, a contract must be between individuals considered legally able to enter into an agreement. This principle is known as: A Restricted persons B Considerations C Competent parties D Agreement - C A company that is licensed to sel...

A producer who is acting as an agent is representing: A The insured, the applicant and the beneficiary B Always the insured C The insured and the insurer D Always the insurer - correct answer D In order to be valid, a contract must be between individuals considered legally able to enter into an agreement. This principle is known as: A Restricted persons B Considerations C