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AD Banker Comprehensive Exam With Questions And 100% ALL SURE ANSWERS
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AD Banker Comprehensive Exam With Questions And 100% ALL SURE ANSWERS
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JACKLINEAD Banker Comprehensive Exam With Questions And 100% ALL SURE ANSWERS
Terms in this set (278)
A producer who is acting as an agent is D
representing:
A
The insured, the applicant and the beneficiary
B
Always the insured
C
The insured and the insurer
D
Always the insurer
AD Banker Comprehensive Exam
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,In order to be valid, a contract must be between C
individuals considered legally able to enter into
an agreement. This principle is known as:
A
Restricted persons
B
Considerations
C
Competent parties
D
Agreement
A company that is licensed to sell insurance in a C
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:
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,An insurance contract is an aleatory contract. This A
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
Which of the following would be considered a B
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
C
The possibility you will die on the job at a young
age
D
The possibility you will become disabled
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, Which is the proper term for a company owned by D
its policyowners?
A
A charitable insurance company
B
A reciprocal insurance company
C
A domestic insurance company
D
A mutual insurance company
All of the following are elements of a contract, C
except:
A
Offer and acceptance
B
Legal purpose
C
Authority
D
Consideration
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