AD Banker Comprehensive Exam
2025 Questions and Answers
5 months - ANSWER✔✔-The waiting period from the start of a disability to be eligible
to apply for Social Security disability is:
Nonoccupational Basis - ANSWER✔✔-Most group Disability Income contracts are
offered on a(n):
Dental expense insurance deductibles are normally waived for all of the following,
except: - ANSWER✔✔-Routinely paying premiums on time and in full
Which of the following documents used for underwriting can be completed by talking
to the proposed insured over the phone?
A
APS
B
Inspection report
,C
Agent's report
D
MIB - ANSWER✔✔-Inspection Report
Which of the following business disability plans can create a taxable event:
A
Key person disability insurance
B
Business overhead expense
C
Disability buy-sell agreement
D
Accidental death and dismemberment - ANSWER✔✔-Business overhead expense
All of the following are correct regarding the coverage of a cancer policy, except:
,Coverage under this policy will pay for losses before primary medical expense policiesr
to prevent an insured from reaching annual or lifetime policy limits
B
Benefits are provided for losses associated with a cancer diagnosis
C
Coverage for experimental treatments is usually provided
D
The policy will only provide benefits for losses covered on an underlying medical
expense policy - ANSWER✔✔-The policy will only provide benefits for losses covered
on an underlying medical expense policy
After K completed an application for health insurance, a paramedical scheduled an
appointment to check height, weight, blood pressure, and collect blood and urine
samples. This is an example of which source of underwriting? - ANSWER✔✔-Medical
exam
Under the Legal Actions Mandatory Uniform Provision, an insured must wait at least
_____ days after providing proof of loss before he or she can take legal action against
the insurer. - ANSWER✔✔-60 days
When underwriting group life, the underwriter treats the group as if it were: -
ANSWER✔✔-One individual
, If an employer purchases a Key Person disability policy on an employee, when would
the disability benefit be received income tax free? - ANSWER✔✔-It is by definition tax-
free since the employer buys it for his or her own benefit
Upon joining an HMO, the plan will require the subscriber to select a: - ANSWER✔✔-
Primary Care Physician
What is an impairment rider? - ANSWER✔✔-It excludes specific conditions that
normally would cause the entire policy to be declined
An individual is eligible for a Medicare Supplement as early as age: - ANSWER✔✔-65
It is the _________ who issues a Certificate of Authority enabling an insurer to conduct
insurance business within a particular state. - ANSWER✔✔-State insurance
Commissioner or Director
PPO plans pay providers based on a: - ANSWER✔✔-Discounted fee for service
negotiated in advance
If an individual has limited assets and low income, which of the following would most
likely cover the cost of long-term care? - ANSWER✔✔-Medicaid
A Long-Term Care plan may deny coverage for preexisting conditions for no more than
how many months after the effective date of coverage? - ANSWER✔✔-6
2025 Questions and Answers
5 months - ANSWER✔✔-The waiting period from the start of a disability to be eligible
to apply for Social Security disability is:
Nonoccupational Basis - ANSWER✔✔-Most group Disability Income contracts are
offered on a(n):
Dental expense insurance deductibles are normally waived for all of the following,
except: - ANSWER✔✔-Routinely paying premiums on time and in full
Which of the following documents used for underwriting can be completed by talking
to the proposed insured over the phone?
A
APS
B
Inspection report
,C
Agent's report
D
MIB - ANSWER✔✔-Inspection Report
Which of the following business disability plans can create a taxable event:
A
Key person disability insurance
B
Business overhead expense
C
Disability buy-sell agreement
D
Accidental death and dismemberment - ANSWER✔✔-Business overhead expense
All of the following are correct regarding the coverage of a cancer policy, except:
,Coverage under this policy will pay for losses before primary medical expense policiesr
to prevent an insured from reaching annual or lifetime policy limits
B
Benefits are provided for losses associated with a cancer diagnosis
C
Coverage for experimental treatments is usually provided
D
The policy will only provide benefits for losses covered on an underlying medical
expense policy - ANSWER✔✔-The policy will only provide benefits for losses covered
on an underlying medical expense policy
After K completed an application for health insurance, a paramedical scheduled an
appointment to check height, weight, blood pressure, and collect blood and urine
samples. This is an example of which source of underwriting? - ANSWER✔✔-Medical
exam
Under the Legal Actions Mandatory Uniform Provision, an insured must wait at least
_____ days after providing proof of loss before he or she can take legal action against
the insurer. - ANSWER✔✔-60 days
When underwriting group life, the underwriter treats the group as if it were: -
ANSWER✔✔-One individual
, If an employer purchases a Key Person disability policy on an employee, when would
the disability benefit be received income tax free? - ANSWER✔✔-It is by definition tax-
free since the employer buys it for his or her own benefit
Upon joining an HMO, the plan will require the subscriber to select a: - ANSWER✔✔-
Primary Care Physician
What is an impairment rider? - ANSWER✔✔-It excludes specific conditions that
normally would cause the entire policy to be declined
An individual is eligible for a Medicare Supplement as early as age: - ANSWER✔✔-65
It is the _________ who issues a Certificate of Authority enabling an insurer to conduct
insurance business within a particular state. - ANSWER✔✔-State insurance
Commissioner or Director
PPO plans pay providers based on a: - ANSWER✔✔-Discounted fee for service
negotiated in advance
If an individual has limited assets and low income, which of the following would most
likely cover the cost of long-term care? - ANSWER✔✔-Medicaid
A Long-Term Care plan may deny coverage for preexisting conditions for no more than
how many months after the effective date of coverage? - ANSWER✔✔-6
