AD Banker

The individual who controls the contract and is responsible for making payments into the contract as well as having all of the contractual rights in the policy is the owner. : owner A policy that pays for injury and illness off the job only. : Nonoccupational Policy *Licensed, daily (but not 24-hour) care *Supervision of R.N. or L.P.N. *Daily medical patient record : Intermediate Care Facility All eligible members of the group are covered regardless of physical condition, age or gend...

Dividends if declared are paid: A. Annually B. Semi-annually C. Monthly D. Quarterly : 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 : C. Return of Premium 2 | P a g e Medicare Part A enrollment is mandatory for all citizens and legal residents ...

(Insurance Companies or Carriers) provide insurance coverage by issuing particular insurance policies or contracts : Insurers Independent sales organizations that provide service and distribute insurance policies to consumers : Insurance Agencies are licensed individuals representing an insurance company when transacting insurance business : Insurance Agents or Producers The insurance industry is regulated primarily at the state level through the legislative, judicial, and executiv...

Failure to repay a loan or loan interest will void a life insurance policy: : If the total amount due equals or exceeds the policy's cash values An insured goes to the bank for a business start-up loan. Asking for more security, the bank agrees to accept a(n) __________ on a permanent life insurance policy owned by the customer. : Collateral assignment The Insurance Code requires producers who meet with prospective clients age 65 and older in their homes for the purpose of transacting...

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 ________. : Warranty In an insurance contract, the value that each party gives the other is called the _____________. : Consideration An insurer that is authorized to do business in a particular state is said to be ________. : Admitted Which part of a property insurance policy describes t...

AD Banker Exam questions & answers

AD Banker Life Insurance Exam questions & answers

A.D. Banker Life & Health Guarantee Exam questions & answers

AD Banker Property & Casualty Sample Questions and answers

A.D. BANKER_ Life & Health - Comprehensive Exam