Ad banker comprehensive Study guides, Class notes & Summaries

AD Banker Comprehensive Exam| Questions and Verified Answers| 100% Correct| A Grade (New Update 2024/ 2025) QUESTION In the event of a liability claim made against the insured, the insured must perform all of the following duties for their liability coverage to apply, except: Answer: Provide their own legal defense QUESTION Market value loss valuation means that the insurer will pay: Answer: The price a willing buyer would pay under fair market conditions ...

Temporary Total Disability may be described as: Inability to return to any employment while recovering Supplementary Payment under Part A of the Personal Auto Policy? A Up to $250 for the cost of bail bonds B Payment for lost earnings up to $200/day C Medical payments for an occupant of an insured vehicle (Not included)(*) D Reasonable expenses incurred at the insurer's request The Commercial basic Cause of Loss Form does not cover which of the following perils? A Sinkhole c...

AD Banker Comprehensive Exam 2024 Questions With All Solved Answers.

AD Banker Comprehensive Final Exam 2023 Questions and Answers

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 the value of all paid premiums. Which rider is attached to the policy? A. Return of Cash Value B. Term to age 100 C. Return of Premium D. Waiver of Premium - Answer- C. Return of Premium Medicare Part A enrollment is mandatory for all citizens and legal resid...

AD Banker Comprehensive Exam – Questions With Accurate Solutions

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 - 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 Agreement - Answer- C A company that is licensed to sell insurance in a pa...

AD Banker Comprehensive Exam 2023 Questions and Answers

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 CORRECT ANSWER A. ABC Insurance In an insurance contract the value that each party gives the other is said to be the: A. Subject matter B. Consideration C. Acceptance D. Offer CORRECT ANSWER B. Consideration Which of the following is classified as an insurance broker? A A person in the home office who does not solicit outside of t...

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