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1 Exam (elaborations) AD Banker Property & Casualty Practice Test perfect, 2024/2025. 2 Exam (elaborations) AD Banker Property and Casualty Comprehensive Exam 2024/2025. 3 Exam (elaborations) AD Banker P&C Comprehensive Test performed well 2024/2025. 4 Exam (elaborations) AD Banker Life Insurance Exam elaboration 2024/2025. 5 Exam (elaborations) AD

Legally speaking, a producer has a __________ duty when handling life insurance premiums and applications for an insurer. - AnswersFiduciary It is the _________ who issues a Certificate of Authority enabling an insurer to conduct insurance business within a particular state. - AnswersState Insurance Commissioner When an applicant for life insurance faces potential financial loss in the event of injury or sickness of an insured, it is said the applicant has: - AnswersInsurable interest T...

Insurers (Insurance companies or Carriers) - Answersmanufacture and sell insurance coverage by way of insurance policies or contracts. In California, any person capable of making a contract may be an insurer, subject to the restrictions imposed by the insurance code. In this case, a person is defined as any individual (natural person), association, organization, partnership, business trust, limited liability company, or corporation. Insurance Agencies - Answersare independent organizations th...

Warranty - AnswersAn applicant makes a statement on the insurance application which becomes part of the contract that she has an alarm system which qualifies her for a premium discount. This statement is considered a ________. Consideration - AnswersIn an insurance contract, the value that each party gives the other is called the _____________. Admitted - AnswersAn insurer that is authorized to do business in a particular state is said to be ________. Insuring Agreement - AnswersWhich p...

Temporary Total Disability may be described as: - answersInability to return to any employment while recovering Supplementary Payment under Part A of the Personal Auto Policy? - answersA Up to $250 for the cost of bail bonds B Payment for lost earnings up to $200/day C Medical payments for an occupant of an insured vehicle (Not included)(*) D Reasonable expenses incurred at the insurer's request The Commercial basic Cause of Loss Form does not cover which of the following perils? - ans...

Which of the following perils would be covered under a Dwelling policy? A Water discharged by a plumbing failure B Overflow of water from a sump pump C Water accumulating below the surface of the ground D Water leakage in a driveway - AnswersA Water discharged by a plumbing failure Which of the following is false regarding Temporary Partial Disability benefits? A The injured employee is able to do some work B The injured employee's wages, while disabled, are less than before the inju...

Insurers - Answers(Insurance Companies or Carriers) provide insurance coverage by issuing particular insurance policies or contracts Insurance Agencies - AnswersIndependent sales organizations that provide service and distribute insurance policies to consumers Insurance Agents or Producers - Answersare licensed individuals representing an insurance company when transacting insurance business Who primarily regulates the insurance industry? - AnswersThe insurance industry is regulated pri...

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 - AnswersD 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 - AnswersC A company that is licensed to sell insurance in a part...

An insured dies within the time limit of an Increasing Term Rider and the beneficiary receives the face amount plus the value of all paid premiums. Which rider is attached to the policy? a. Waiver of Premium b. Return of Cash Value c. Return of Premium d. Term to age 100 - Answersc. Return of Premium Jacob owns a policy that pays a death benefit only if he dies within the 20-year policy period. If Jacob dies anytime that the policy is in force, his beneficiary will receive $100,000. The ...

Which of the follow is not a factor in premium determination? a. Reserves b. Interest c. Expesnes d. Mortality - Answersa. Reserves Which of the following best describes a Statement of Good Health? a. It is a sworn oral statement made by the insured at time of delivery which allows for coverage to come into effect. b. It is what comes along with the policy at the time of delivery confirming the underwriting class the insured falls into if the policy was issued standard or better c. It ...