AD Banker Comprehensive Exam
2025 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 - ANSWER✔✔-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 - ANSWER✔✔-C
A company that is licensed to sell insurance in a particular state is:
,A
A domiciled company
B
A nonadmitted company
C
An authorized company
D
A foreign companyA company that is licensed to sell insurance in a particular state is: -
ANSWER✔✔-C
An insurance contract is an aleatory contract. This means:
A
Equal value is not given by both parties to the contract
, B
The contract must be for a legal purpose
C
Parties to the contract must have the legal capacity to enter into the contract
D
Statements made in the application are guaranteed to be true in all respects -
ANSWER✔✔-A
Which of the following would be considered a speculative risk?
A
The possibility your car is totaled in an auto accident
B
The possibility the painting you bought might be a long-lost masterpiece
2025 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 - ANSWER✔✔-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 - ANSWER✔✔-C
A company that is licensed to sell insurance in a particular state is:
,A
A domiciled company
B
A nonadmitted company
C
An authorized company
D
A foreign companyA company that is licensed to sell insurance in a particular state is: -
ANSWER✔✔-C
An insurance contract is an aleatory contract. This means:
A
Equal value is not given by both parties to the contract
, B
The contract must be for a legal purpose
C
Parties to the contract must have the legal capacity to enter into the contract
D
Statements made in the application are guaranteed to be true in all respects -
ANSWER✔✔-A
Which of the following would be considered a speculative risk?
A
The possibility your car is totaled in an auto accident
B
The possibility the painting you bought might be a long-lost masterpiece
