AD Banker

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 insurer to conduct insurance business within a particular state. - ANSWER State Insurance Commissioner When an applicant for life insurance faces potential financial loss in the event of injury or sickness of an insured, it is said the applicant has: - ANSWER Insurable in...

AD Banker Comprehensive Exam 2024 Questions and 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 - Ans ️️ -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 - Ans ️️ -C A com...

AD Banker Comprehensive Final Exam Questions with answers. 100% pass rate. 2022/2023. 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 ...

AD Banker Comprehensive Exam Questions & answers. Rated A. 2022/2023 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 - 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 - B. Consideration Which of the following is classified as an insurance broker? A A person in t...

AD Banker Comprehensive Exam, Questions with accurate answers. 2022/2023. Rated A 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...

AD Banker Chapter 15 Quiz. questions and answers already solved 2024

AD Banker Property and Casualty Comprehensive Exam Questions (Answered). Rated A. 2022/2023. 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 Com...

AD Banker Property and Casualty Comprehensive Exam Questions And Answers Graded A+

AD Banker Comprehensive Exam 2024 Questions Bank With 100% Correct Solutions.