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[Show more]AD Banker Life & Health Exam 
Questions & Answers 
All of the following are characteristics of traditional health insurance plans, except: 
- Ans ️️ The insured must see a network provider (The insured may choose any 
provider and is not limited to network providers.) 
______________ are conditi...
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Add to cartAD Banker Life & Health Exam 
Questions & Answers 
All of the following are characteristics of traditional health insurance plans, except: 
- Ans ️️ The insured must see a network provider (The insured may choose any 
provider and is not limited to network providers.) 
______________ are conditi...
AD Banker Practice Exam Attempt 1 Missed 
Questions with correct Answers 
If the producer discovers that the applicant is not in good health at time of policy 
delivery, what should the next step be? 
A 
Hold onto the policy until the client recovers from their condition, then deliver the 
policy 
B...
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Add to cartAD Banker Practice Exam Attempt 1 Missed 
Questions with correct Answers 
If the producer discovers that the applicant is not in good health at time of policy 
delivery, what should the next step be? 
A 
Hold onto the policy until the client recovers from their condition, then deliver the 
policy 
B...
AD Banker Property & Casualty Practice 
Test Questions and Answers 
Warranty - Ans ️️ -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 ________...
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Add to cartAD Banker Property & Casualty Practice 
Test Questions and Answers 
Warranty - Ans ️️ -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 ________...
AD Banker Life Insurance Exam Questions & Answers 
Insured - Ans ️️ -A person covered by an insurance policy (1st party). 
Insurer - Ans ️️ -insurance company, (2nd party). 
Insurable Events - Ans ️️ -Any event, whether past or present, that may cause 
loss or damage to a person having a...
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Add to cartAD Banker Life Insurance Exam Questions & Answers 
Insured - Ans ️️ -A person covered by an insurance policy (1st party). 
Insurer - Ans ️️ -insurance company, (2nd party). 
Insurable Events - Ans ️️ -Any event, whether past or present, that may cause 
loss or damage to a person having a...
AD Banker Property and Casualty Comprehensive 
Exam Questions and Answers 
Temporary Total Disability may be described as: - Ans ️️ -Inability to return to any 
employment while recovering 
Supplementary Payment under Part A of the Personal Auto Policy? - Ans ️️ -A Up to $250 for 
the cost o...
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Add to cartAD Banker Property and Casualty Comprehensive 
Exam Questions and Answers 
Temporary Total Disability may be described as: - Ans ️️ -Inability to return to any 
employment while recovering 
Supplementary Payment under Part A of the Personal Auto Policy? - Ans ️️ -A Up to $250 for 
the cost o...
AD BANKER Personal lines Exam 
Questions with correct Answers 
Falling objects - Ans ️️ Damage to the exterior of the building must take place for 
coverage to apply to contents inside the building. 
Contract Law - Ans ️️ Law that pertains to the formation and enforcement of 
contracts. 
Acc...
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Add to cartAD BANKER Personal lines Exam 
Questions with correct Answers 
Falling objects - Ans ️️ Damage to the exterior of the building must take place for 
coverage to apply to contents inside the building. 
Contract Law - Ans ️️ Law that pertains to the formation and enforcement of 
contracts. 
Acc...
Life/Health - A.D. Banker - Chapter 1 Exam 
Questions & Answers 
Statements made on the application by the applicant that are believed to be true to 
the best of his/her knowledge are: 
A 
Waivers 
B 
Warranties 
C 
Conditions 
D 
Representations - Ans ️️ -D 
Statements made on the application b...
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Add to cartLife/Health - A.D. Banker - Chapter 1 Exam 
Questions & Answers 
Statements made on the application by the applicant that are believed to be true to 
the best of his/her knowledge are: 
A 
Waivers 
B 
Warranties 
C 
Conditions 
D 
Representations - Ans ️️ -D 
Statements made on the application b...
AD Banker Life Insurance Exam Questions and Answers 
Insurers - Ans ️️ -(Insurance Companies or Carriers) provide insurance coverage 
by issuing particular insurance policies or contracts 
Insurance Agencies - Ans ️️ -Independent sales organizations that provide 
service and distribute insur...
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Add to cartAD Banker Life Insurance Exam Questions and Answers 
Insurers - Ans ️️ -(Insurance Companies or Carriers) provide insurance coverage 
by issuing particular insurance policies or contracts 
Insurance Agencies - Ans ️️ -Independent sales organizations that provide 
service and distribute insur...
AD Banker- Life and Health Course Exam 
Questions and Answers 
A ______ insurance company is owned by its policyholders 
A. Stock 
B. Reciprocal 
C. Fraternal Benefits Society 
D. Mutual - Ans ️️ D. Mutual 
Which of the following is an Insurance company that is organized under the laws 
of anoth...
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Add to cartAD Banker- Life and Health Course Exam 
Questions and Answers 
A ______ insurance company is owned by its policyholders 
A. Stock 
B. Reciprocal 
C. Fraternal Benefits Society 
D. Mutual - Ans ️️ D. Mutual 
Which of the following is an Insurance company that is organized under the laws 
of anoth...
Ad banker exam review 2 questions and answers 
The exception to the rule concerning the non-deductibility of life insurance 
premiums is: - Ans ️️ -All employer paid group life insurance premiums 
If the insured is receiving regular disability income payments, the insurer can 
require notice of ...
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Add to cartAd banker exam review 2 questions and answers 
The exception to the rule concerning the non-deductibility of life insurance 
premiums is: - Ans ️️ -All employer paid group life insurance premiums 
If the insured is receiving regular disability income payments, the insurer can 
require notice of ...
AD Banker Life & Health Exam 2024 
________ is/are not considered material to the policy issuance. - Ans️️ Age 
and/or gender are not considered material to the policy issuance. 
One of your clients just reinstated his health insurance plane. When is coverage 
effective for sickness and accident...
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Add to cartAD Banker Life & Health Exam 2024 
________ is/are not considered material to the policy issuance. - Ans️️ Age 
and/or gender are not considered material to the policy issuance. 
One of your clients just reinstated his health insurance plane. When is coverage 
effective for sickness and accident...
Ad Banker P&C Comp Test 2024-Solved 
Which of the following perils would be covered under a Dwelling policy? 
A Water discharged by a plumbing failure 
B Overflow of water from a sump pump 
C Water accumulating below the surface of the ground 
D Water leakage in a driveway - Ans ️️ -A Water disc...
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Add to cartAd Banker P&C Comp Test 2024-Solved 
Which of the following perils would be covered under a Dwelling policy? 
A Water discharged by a plumbing failure 
B Overflow of water from a sump pump 
C Water accumulating below the surface of the ground 
D Water leakage in a driveway - Ans ️️ -A Water disc...
AD Banker Exam with complete solutions 
Until yesterday, J. J. worked for his father's company and was covered by the company's large 
group health plan. He stopped working to go to college. He is 26 years of age and wants to keep 
the same coverage until he earns his degree in approximately 24 mo...
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Add to cartAD Banker Exam with complete solutions 
Until yesterday, J. J. worked for his father's company and was covered by the company's large 
group health plan. He stopped working to go to college. He is 26 years of age and wants to keep 
the same coverage until he earns his degree in approximately 24 mo...
AD Banker Comprehensive Final Exam 2024 
Questions and Answers 
Dividends if declared are paid: 
A. Annually 
B. Semi-annually 
C. Monthly 
D. Quarterly - Ans ️️ -A. Annually 
An insured dies within the time limit of an Increasing Term Rider and the 
beneficiary receives the face amount plus the...
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Add to cartAD Banker Comprehensive Final Exam 2024 
Questions and Answers 
Dividends if declared are paid: 
A. Annually 
B. Semi-annually 
C. Monthly 
D. Quarterly - Ans ️️ -A. Annually 
An insured dies within the time limit of an Increasing Term Rider and the 
beneficiary receives the face amount plus the...
AD Banker Exam Questions and Answers 2024 
Where can an insured find insurance coverage after being rejected by Insurer A 
due to claims history? 
A 
Residual market 
B 
Risk retention insurer 
C 
Reinsurance market 
D 
Lloyd's of London - Ans ️️ -A Residual Market 
The residual market is a cov...
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Add to cartAD Banker Exam Questions and Answers 2024 
Where can an insured find insurance coverage after being rejected by Insurer A 
due to claims history? 
A 
Residual market 
B 
Risk retention insurer 
C 
Reinsurance market 
D 
Lloyd's of London - Ans ️️ -A Residual Market 
The residual market is a cov...
AD Banker Life and Health Chapter 1 Exam 
Questions and Answers 
A _______________ insurance company is owned by its policyholders. - Ans ️️ - 
Mutal 
The JKL Insurance Company is incorporated in Switzerland, has its home office in 
Florida, and is authorized to conduct the business of insurance...
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Add to cartAD Banker Life and Health Chapter 1 Exam 
Questions and Answers 
A _______________ insurance company is owned by its policyholders. - Ans ️️ - 
Mutal 
The JKL Insurance Company is incorporated in Switzerland, has its home office in 
Florida, and is authorized to conduct the business of insurance...
AD Banker Exam Ch. 10-14 Questions and Answers 
Which of the following terms best describes the maximum length of time that 
disability income benefits will be paid to the disabled insured? - Ans ️️ Benefit 
period 
An insured purchases a disability income policy with a 90 day elimination period...
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Add to cartAD Banker Exam Ch. 10-14 Questions and Answers 
Which of the following terms best describes the maximum length of time that 
disability income benefits will be paid to the disabled insured? - Ans ️️ Benefit 
period 
An insured purchases a disability income policy with a 90 day elimination period...
AD Banker Life and Health Chapter 3 Exam 
Questions and Answers (Graded A) 
Which statement is true for BOTH Universal Life and Whole Life? 
A) Premiums are fixed 
B) Premiums are flexible 
C) Death benefit is fixed 
D) Death benefit is flexible 
E) The policy is supported by the insurer's general ...
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Add to cartAD Banker Life and Health Chapter 3 Exam 
Questions and Answers (Graded A) 
Which statement is true for BOTH Universal Life and Whole Life? 
A) Premiums are fixed 
B) Premiums are flexible 
C) Death benefit is fixed 
D) Death benefit is flexible 
E) The policy is supported by the insurer's general ...
A.D Banker Comprehensive Exam Questions and Answers 2024 
If an insurer makes a payment for a claim but the insured is dissatisfied with it, he/she must wait 
_____ days after proof of loss before he/she might take any legal action. - Ans ️️ -60 
After the blackout period has ended, the widow or...
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Add to cartA.D Banker Comprehensive Exam Questions and Answers 2024 
If an insurer makes a payment for a claim but the insured is dissatisfied with it, he/she must wait 
_____ days after proof of loss before he/she might take any legal action. - Ans ️️ -60 
After the blackout period has ended, the widow or...
AD Banker Chapter 1 Exam Questions with correct Answers 
A person who negotiates insurance contracts with insurers on behalf of an applicant is known as 
a(n): 
a. Broker 
b. Consultant 
c. Advisor 
d. Agent/Producer - Ans ️️ -a. Broker 
The contract type in which only one party is legally bound...
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Add to cartAD Banker Chapter 1 Exam Questions with correct Answers 
A person who negotiates insurance contracts with insurers on behalf of an applicant is known as 
a(n): 
a. Broker 
b. Consultant 
c. Advisor 
d. Agent/Producer - Ans ️️ -a. Broker 
The contract type in which only one party is legally bound...
AD Banker Chapter 9 Quiz-100% Solved 
Sandra owns a Medical Expense Plan that contains a 60/40 Participation 
(Coinsurance) Provision and a $200 deductible. How much will Sandra and the 
insurer each pay under the coinsurance provision if Sandra's first medical claim for 
the year totals $10,200? -...
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Add to cartAD Banker Chapter 9 Quiz-100% Solved 
Sandra owns a Medical Expense Plan that contains a 60/40 Participation 
(Coinsurance) Provision and a $200 deductible. How much will Sandra and the 
insurer each pay under the coinsurance provision if Sandra's first medical claim for 
the year totals $10,200? -...
AD Banker Comprehensive Exam Questions & Answers 
The field underwriter is the _________ and is not a determiner of insurability. - 
Ans ️️ -Producer 
The insurance industry is primarily regulated at the _________ level. - Ans ️️ - 
State 
A contract that is drafted by an insurer and receive...
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Add to cartAD Banker Comprehensive Exam Questions & Answers 
The field underwriter is the _________ and is not a determiner of insurability. - 
Ans ️️ -Producer 
The insurance industry is primarily regulated at the _________ level. - Ans ️️ - 
State 
A contract that is drafted by an insurer and receive...
AD BANKER AL P&C PRACTICE COMP EXAM 2024 
Which rating method listed below is established by the underwriter? 
A. Manual rating 
B. Retrospective rating 
C. Individual rating 
D. Judgment rating - Ans ️️ -D. 
Judgment rating is the Only rating method that is determined by the underwriter. 
All o...
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Add to cartAD BANKER AL P&C PRACTICE COMP EXAM 2024 
Which rating method listed below is established by the underwriter? 
A. Manual rating 
B. Retrospective rating 
C. Individual rating 
D. Judgment rating - Ans ️️ -D. 
Judgment rating is the Only rating method that is determined by the underwriter. 
All o...
A.D Banker Life & Health Test Questions and Answers 
401(k) - Ans ️️ -Elective deferral plan (salary reduction), defined as contribution 
plan, employer may match. 
403(b) tax-sheltered annuities - Ans ️️ -Employees of nonprofit organizations 
such as school employees, qualified non profit u...
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Add to cartA.D Banker Life & Health Test Questions and Answers 
401(k) - Ans ️️ -Elective deferral plan (salary reduction), defined as contribution 
plan, employer may match. 
403(b) tax-sheltered annuities - Ans ️️ -Employees of nonprofit organizations 
such as school employees, qualified non profit u...
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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 b...
Preview 4 out of 195 pages
Add to cartAD 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 b...
AD Banker Chapter 2 Exam Questions & Answers 
Applicant - Ans ️️ -Person making application for him/herself or another to be 
insured under an insurance contract. May be applicant or the owner, or both. 
Application - Ans ️️ -Written formal request by an applicant to an insurer. 
Primary sou...
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Add to cartAD Banker Chapter 2 Exam Questions & Answers 
Applicant - Ans ️️ -Person making application for him/herself or another to be 
insured under an insurance contract. May be applicant or the owner, or both. 
Application - Ans ️️ -Written formal request by an applicant to an insurer. 
Primary sou...
A.D. Banker Comprehensive Exam Questions & Answers 
Exclusive remedy means that: - Ans ️️ -Employees covered by Workers' 
Compensation insurance cannot sue for work-related injury 
What is the purpose of an Umbrella Liability Policy? - Ans ️️ -To cover large and 
catastrophic losses 
Neithe...
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Add to cartA.D. Banker Comprehensive Exam Questions & Answers 
Exclusive remedy means that: - Ans ️️ -Employees covered by Workers' 
Compensation insurance cannot sue for work-related injury 
What is the purpose of an Umbrella Liability Policy? - Ans ️️ -To cover large and 
catastrophic losses 
Neithe...
A.D. Banker Life Health Guarantee Exam 2024 
B decides to buy a single premium immediate annuity, choosing the Life Only 
distribution option. How long will the insurer make payments to B? 
A 
For B's lifetime or until the principal and interest are exhausted, whichever is 
shorter 
B 
For the peri...
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Add to cartA.D. Banker Life Health Guarantee Exam 2024 
B decides to buy a single premium immediate annuity, choosing the Life Only 
distribution option. How long will the insurer make payments to B? 
A 
For B's lifetime or until the principal and interest are exhausted, whichever is 
shorter 
B 
For the peri...
Ad Banker Chapter 9 Exam Questions & Answers 
Which is true regarding Long-Term Care Incontestability? 
A. All of the answers listed 
B. After 2 years the policy is incontestable 
C. After 6 months to 2 years the insurance company can contest the application 
only as it pertains to a loss claim 
D. ...
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Add to cartAd Banker Chapter 9 Exam Questions & Answers 
Which is true regarding Long-Term Care Incontestability? 
A. All of the answers listed 
B. After 2 years the policy is incontestable 
C. After 6 months to 2 years the insurance company can contest the application 
only as it pertains to a loss claim 
D. ...
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