AD Banker Exam Bundle Pack with Complete & Verified Solutions | 2024

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...

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...

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 ...

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...

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...

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? -...

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...

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...

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...

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...

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...

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...

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...

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. ...