AD Banker
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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...
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