AD Banker Chapter 2 Quiz Questions &
Answers
All of the following are true regarding an Attending Physician's Statement (APS), except:
- ANSWERSAn MIB report can be used in place of an APS
Part 1 of the application consists of all of the following information, except: -
ANSWERSMedical status of immediate family members, their ages and causes of
death
Insurance covering the liability of a producer or agency is called _______. -
ANSWERSErrors and Omissions
Frieda wants coverage until she has paid back her business loan in 10 years. The ideal
life insurance policy with the least expense would be: - ANSWERSDecreasing Term Life
Medical exams are requested in all of the following situations, except: - ANSWERSLow
amount of premium
Which of the following signatures would not be considered valid on an application for
insurance? - ANSWERSA minor insured
Which of the following is not a factor in premium determination? - ANSWERSReserves
If a medical exam is required as part of the underwriting process, who normally
conducts the exam? - ANSWERSA physician or nurse
In determining the proper amount of life insurance, the Needs Analysis Approach takes
into consideration all of the following factors, except: - ANSWERSThe projected future
value of services provided by the insured
Applicants must consent to be tested and be informed that testing for ________ may
determine insurability. - ANSWERSHIV
Producer Andy is sent a newly issued policy by his insurer. Andy should now: -
ANSWERSVisit the insured in person to deliver the policy
Answers
All of the following are true regarding an Attending Physician's Statement (APS), except:
- ANSWERSAn MIB report can be used in place of an APS
Part 1 of the application consists of all of the following information, except: -
ANSWERSMedical status of immediate family members, their ages and causes of
death
Insurance covering the liability of a producer or agency is called _______. -
ANSWERSErrors and Omissions
Frieda wants coverage until she has paid back her business loan in 10 years. The ideal
life insurance policy with the least expense would be: - ANSWERSDecreasing Term Life
Medical exams are requested in all of the following situations, except: - ANSWERSLow
amount of premium
Which of the following signatures would not be considered valid on an application for
insurance? - ANSWERSA minor insured
Which of the following is not a factor in premium determination? - ANSWERSReserves
If a medical exam is required as part of the underwriting process, who normally
conducts the exam? - ANSWERSA physician or nurse
In determining the proper amount of life insurance, the Needs Analysis Approach takes
into consideration all of the following factors, except: - ANSWERSThe projected future
value of services provided by the insured
Applicants must consent to be tested and be informed that testing for ________ may
determine insurability. - ANSWERSHIV
Producer Andy is sent a newly issued policy by his insurer. Andy should now: -
ANSWERSVisit the insured in person to deliver the policy
