AD Banker Comprehensive Exam
2025/2026 Exam Questions and Detailed
Answers | Get it 100% Correct 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
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, 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?
2025/2026 Exam Questions and Detailed
Answers | Get it 100% Correct 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
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, 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?
