Ad banker exam questions Study guides, Class notes & Summaries

AD Banker Comprehensive Exam| Questions and Verified Answers| 100% Correct| A Grade (New Update 2024/ 2025) QUESTION In the event of a liability claim made against the insured, the insured must perform all of the following duties for their liability coverage to apply, except: Answer: Provide their own legal defense QUESTION Market value loss valuation means that the insurer will pay: Answer: The price a willing buyer would pay under fair market conditions ...

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AD Banker Comprehensive Final Exam 2023 Questions and Answers

AD Banker Comprehensive Exam (New Update) Questions and Verified Answers| QUESTION 100% Correct| A Grade Sara applies for a $100,000 30 year level term life insurance policy. The producer quoted her a price of $750 annually if issued as applied for. She wants to make sure that the policy premiums are taken care of just in case she has a total disability. The policy is issued but the premium is now $825. What is the most likely reason why the overall premium increased? A. Sara no...

AD Banker Life and Health Chapter 3 Exam Questions and Answers (Graded A)

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AD Banker Property and Casualty Comprehensive Exam Questions And Answers Graded A+

AD Banker Comprehensive Final Exam (2024/25) Questions With 100% Correct Answers.

AD Banker Comprehensive Exam| Questions and Verified Answers| 100% Correct| Grade A (Latest Update 2024/ 2025) Q: Which of the following applies when two parties rely upon the promises of the other? Answer: Concept of utmost good faith Q: Which of the following is not an unfair claims practice? Answer: A. Attempting to settle claims on the basis of an altered application Answer:Failing to inform a claimant about appealing arbitration awards C. Requiring an insured to sue ...

AD Banker Comprehensive Exam 294 Questions And Answers 2024 (Verified 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 - Correct 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 Agreem...