1
For Expert help and assignment solutions, +254707240657
AD Banker Comprehensive Exam
Questions and Answers (100% Correct
Answers) Already Graded A+
Which property is eligible for a Broad Form Dwelling policy? [ Ans:
] A four-family dwelling with three roomers
© 2025 Assignment Expert
The Other Insurance condition on a casualty insurance policy
specifies: [ Ans: ] The process of paying claims when the insured
has two policies apply to the same loss
Guru01 - Stuvia
Which of the following is true of a hazard? [ Ans: ] It increases the
chance of loss
Which of the following is not one of the limits of liability provided
by Commercial General Liability policies? [ Ans: ] Bodily injury
limit
After a partial loss to property that is included in a set, the insurer
may: [ Ans: ] Pay the difference between the actual cash value
of the property before and after the loss
When property is valued on a replacement cost basis, losses will
be paid: [ Ans: ] At today's costs, without any deduction for
depreciation
H has a Basic Form Dwelling policy insuring a single-family rental
property for $100,000. A fire causes $8,000 in damage to a
detached garage, and removing debris will cost $4,000. How
much will the insurer pay for these losses? [ Ans: ] The insurer will
, 2
For Expert help and assignment solutions, +254707240657
pay $10,000 for the covered fire loss and debris removal expenses.
The fire damage to the detached garage is covered under
Coverage B, which is subject to a limit equal to 10% of the
Coverage A limit. 10% of $100,000 is $10,000. The Debris Removal
Additional Coverage provides coverage for debris removal
expenses, but that coverage is included in the limit that applies to
the damaged property. Since the total loss exceeds the
Coverage B limit ($8,000 + $4,000 = $12,000), the insurer will only
pay $10,000. Other policies, like Homeowners policies, may have
debris removal coverage that provides an additional amount
beyond the applicable limit, but this additional amount is not
© 2025 Assignment Expert
included in Dwelling policies.
Coverage C of a Homeowners policy includes property coverage
for: [ Ans: ] An owned camera used by the insured while on
Guru01 - Stuvia
vacation in another country
What is the term for a dwelling that is uninhabited, but has
household furniture inside? [ Ans: ] Unoccupied
When a building has physical contents but no occupants, the
building is said to be: [ Ans: ] Unoccupied
Which of the following statements regarding the temporary
insurance license is not correct? [ Ans: ] A temporary license is
only granted upon the death of an agent
An insured is part of a homeowners association. After a property
loss to a common area owned by all of the association's
members, the insured is assessed $1,500 for the damages. The
insured's Homeowners policy will provide: [ Ans: ] $1,000 of
coverage
, 3
For Expert help and assignment solutions, +254707240657
As defined by the Businessowners Coverage Form, valuable
papers and records include all of the following, except [ Ans: ]
Money and securities
A Commercial Package policy includes the Building and Personal
Property Coverage Form and business interruption coverages. The
policy would include all of the following conditions as Commercial
Property Conditions, except: [ Ans: ] Transfer of Your Rights and
Duties Under This Policy
© 2025 Assignment Expert
Under a Personal Auto policy, medical payments do not apply to
passengers occupying which of the following? [ Ans: ] A cargo
van used in the course of employment by the insured's business
Guru01 - Stuvia
Which of the following Additional Coverages is NOT included on
the Personal Liability Supplement attached to a Dwelling policy? [
Ans: ] Loss Assessment
Businessowners policies define pollutants to include all of the
following, except: [ Ans: ] Falling objects
All of the following statements regarding Dwelling Policy eligibility
are correct, except: [ Ans: ] The dwelling must be used for
seasonal or secondary purposes
In Georgia, making any false or maliciously critical or derogatory
statement regarding the financial condition of any insurer, with
the intent to injure any person engaged in the insurance business,
is defined as: [ Ans: ] Defamation
An insured owns a commercial building and business personal
property, insured on the Business and Personal Property Coverage
Form with the Replacement Cost Optional Coverage. After a total
, 4
For Expert help and assignment solutions, +254707240657
loss to the building, the insured chooses to rebuild at a different
location. Which of the following best describes the insurer's
liability? [ Ans: ] The insurer will pay the amount that would have
been incurred if the building was rebuilt at the original location
Which of the following is a characteristic of a mutual insurance
company? [ Ans: ] Members are provided insurance by the
company
Which person is not a covered resident under Homeowners
© 2025 Assignment Expert
policies? [ Ans: ] The named insured's tenant
An insured has commercial property coverages included in their
Commercial Package policy. All three Causes of Loss forms would
Guru01 - Stuvia
protect against loss caused by: [ Ans: ] The explosion of gases
within a furnace
Personal injury liability includes which of the following? [ Ans: ]
Libel and slander
Liability coverage provided by a Homeowners policy would
provide coverage for bodily injury liability arising out of all of the
following, except: [ Ans: ] A guest gets the flu from an insured
Which statement about watercraft coverage provided by a
Homeowners policy is correct? [ Ans: ] A $1,500 special limit
applies to watercraft damaged by a covered peril
Under the Building and Personal Property Coverage Form on a
Commercial Package policy, all of the following are eligible for
coverage, except: [ Ans: ] Accounts, bills, money, or securities
For Expert help and assignment solutions, +254707240657
AD Banker Comprehensive Exam
Questions and Answers (100% Correct
Answers) Already Graded A+
Which property is eligible for a Broad Form Dwelling policy? [ Ans:
] A four-family dwelling with three roomers
© 2025 Assignment Expert
The Other Insurance condition on a casualty insurance policy
specifies: [ Ans: ] The process of paying claims when the insured
has two policies apply to the same loss
Guru01 - Stuvia
Which of the following is true of a hazard? [ Ans: ] It increases the
chance of loss
Which of the following is not one of the limits of liability provided
by Commercial General Liability policies? [ Ans: ] Bodily injury
limit
After a partial loss to property that is included in a set, the insurer
may: [ Ans: ] Pay the difference between the actual cash value
of the property before and after the loss
When property is valued on a replacement cost basis, losses will
be paid: [ Ans: ] At today's costs, without any deduction for
depreciation
H has a Basic Form Dwelling policy insuring a single-family rental
property for $100,000. A fire causes $8,000 in damage to a
detached garage, and removing debris will cost $4,000. How
much will the insurer pay for these losses? [ Ans: ] The insurer will
, 2
For Expert help and assignment solutions, +254707240657
pay $10,000 for the covered fire loss and debris removal expenses.
The fire damage to the detached garage is covered under
Coverage B, which is subject to a limit equal to 10% of the
Coverage A limit. 10% of $100,000 is $10,000. The Debris Removal
Additional Coverage provides coverage for debris removal
expenses, but that coverage is included in the limit that applies to
the damaged property. Since the total loss exceeds the
Coverage B limit ($8,000 + $4,000 = $12,000), the insurer will only
pay $10,000. Other policies, like Homeowners policies, may have
debris removal coverage that provides an additional amount
beyond the applicable limit, but this additional amount is not
© 2025 Assignment Expert
included in Dwelling policies.
Coverage C of a Homeowners policy includes property coverage
for: [ Ans: ] An owned camera used by the insured while on
Guru01 - Stuvia
vacation in another country
What is the term for a dwelling that is uninhabited, but has
household furniture inside? [ Ans: ] Unoccupied
When a building has physical contents but no occupants, the
building is said to be: [ Ans: ] Unoccupied
Which of the following statements regarding the temporary
insurance license is not correct? [ Ans: ] A temporary license is
only granted upon the death of an agent
An insured is part of a homeowners association. After a property
loss to a common area owned by all of the association's
members, the insured is assessed $1,500 for the damages. The
insured's Homeowners policy will provide: [ Ans: ] $1,000 of
coverage
, 3
For Expert help and assignment solutions, +254707240657
As defined by the Businessowners Coverage Form, valuable
papers and records include all of the following, except [ Ans: ]
Money and securities
A Commercial Package policy includes the Building and Personal
Property Coverage Form and business interruption coverages. The
policy would include all of the following conditions as Commercial
Property Conditions, except: [ Ans: ] Transfer of Your Rights and
Duties Under This Policy
© 2025 Assignment Expert
Under a Personal Auto policy, medical payments do not apply to
passengers occupying which of the following? [ Ans: ] A cargo
van used in the course of employment by the insured's business
Guru01 - Stuvia
Which of the following Additional Coverages is NOT included on
the Personal Liability Supplement attached to a Dwelling policy? [
Ans: ] Loss Assessment
Businessowners policies define pollutants to include all of the
following, except: [ Ans: ] Falling objects
All of the following statements regarding Dwelling Policy eligibility
are correct, except: [ Ans: ] The dwelling must be used for
seasonal or secondary purposes
In Georgia, making any false or maliciously critical or derogatory
statement regarding the financial condition of any insurer, with
the intent to injure any person engaged in the insurance business,
is defined as: [ Ans: ] Defamation
An insured owns a commercial building and business personal
property, insured on the Business and Personal Property Coverage
Form with the Replacement Cost Optional Coverage. After a total
, 4
For Expert help and assignment solutions, +254707240657
loss to the building, the insured chooses to rebuild at a different
location. Which of the following best describes the insurer's
liability? [ Ans: ] The insurer will pay the amount that would have
been incurred if the building was rebuilt at the original location
Which of the following is a characteristic of a mutual insurance
company? [ Ans: ] Members are provided insurance by the
company
Which person is not a covered resident under Homeowners
© 2025 Assignment Expert
policies? [ Ans: ] The named insured's tenant
An insured has commercial property coverages included in their
Commercial Package policy. All three Causes of Loss forms would
Guru01 - Stuvia
protect against loss caused by: [ Ans: ] The explosion of gases
within a furnace
Personal injury liability includes which of the following? [ Ans: ]
Libel and slander
Liability coverage provided by a Homeowners policy would
provide coverage for bodily injury liability arising out of all of the
following, except: [ Ans: ] A guest gets the flu from an insured
Which statement about watercraft coverage provided by a
Homeowners policy is correct? [ Ans: ] A $1,500 special limit
applies to watercraft damaged by a covered peril
Under the Building and Personal Property Coverage Form on a
Commercial Package policy, all of the following are eligible for
coverage, except: [ Ans: ] Accounts, bills, money, or securities
