AD Banker Comprehensive Exam Preparation
AD BANKER COMPREHENSIVE EXAM PREPARATION FOR
2025/2026 COMPLETE 200 QUESTIONS AND CORRECT
ANSWERS |ALREADY GRADED A+||BRAND NEW!!
The relationship of a person who acts on behalf of a company whereby the
person's actions can bind the company is known as:
A
Surplus lines or excess insurance
B
The law of large numbers
C
The law of agency
D
Brokerage business
C
_____________ consists of groups of underwriters called syndicates, each of
which specializes in insuring a particular type of risk.
A
Lloyds of London
B
Risk retention insurers
C
Self insurers
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, AD Banker Comprehensive Exam Preparation
D
Reciprocal insurers
A
The insurance industry is primarily regulated at the _________ level.
A
State
B
County
C
Federal
D
Insurers
A
Which of the following is NOT considered one of the essential elements of a
contract?
A
Competent Parties
B
Legal Purpose
C
Offer and Acceptance
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, AD Banker Comprehensive Exam Preparation
D
Conditions
D
The most effective way to ensure that the applicant will accept the policy when it
is issued is:
A
To collect the initial premium upon policy delivery, not at the time of application
B
To deliver the policy with a gift certificate to a local restaurant
C
Offer to pay the first premium for them
D
To have the applicant pay the initial premium at the time of application
D
Which of the following is NOT a characteristic of life insurance as property?
A
It may be paid for in installments
B
It requires a fund portfolio manager
C
It creates an immediate estate
D
It requires no physical maintenance
3|Page
, AD Banker Comprehensive Exam Preparation
B
Which of the following statements about the average number of people who die
each year is true?
A
It is called the mortality rate
B
It is called the principle of indemnity
C
It is called the predictability rate
D
It is called the principle of life insurance
A
Insurers generally calculate premiums on:
A
A weekly basis
B
An annual basis
C
A monthly basis
D
A daily basis
B
4|Page
AD BANKER COMPREHENSIVE EXAM PREPARATION FOR
2025/2026 COMPLETE 200 QUESTIONS AND CORRECT
ANSWERS |ALREADY GRADED A+||BRAND NEW!!
The relationship of a person who acts on behalf of a company whereby the
person's actions can bind the company is known as:
A
Surplus lines or excess insurance
B
The law of large numbers
C
The law of agency
D
Brokerage business
C
_____________ consists of groups of underwriters called syndicates, each of
which specializes in insuring a particular type of risk.
A
Lloyds of London
B
Risk retention insurers
C
Self insurers
1|Page
, AD Banker Comprehensive Exam Preparation
D
Reciprocal insurers
A
The insurance industry is primarily regulated at the _________ level.
A
State
B
County
C
Federal
D
Insurers
A
Which of the following is NOT considered one of the essential elements of a
contract?
A
Competent Parties
B
Legal Purpose
C
Offer and Acceptance
2|Page
, AD Banker Comprehensive Exam Preparation
D
Conditions
D
The most effective way to ensure that the applicant will accept the policy when it
is issued is:
A
To collect the initial premium upon policy delivery, not at the time of application
B
To deliver the policy with a gift certificate to a local restaurant
C
Offer to pay the first premium for them
D
To have the applicant pay the initial premium at the time of application
D
Which of the following is NOT a characteristic of life insurance as property?
A
It may be paid for in installments
B
It requires a fund portfolio manager
C
It creates an immediate estate
D
It requires no physical maintenance
3|Page
, AD Banker Comprehensive Exam Preparation
B
Which of the following statements about the average number of people who die
each year is true?
A
It is called the mortality rate
B
It is called the principle of indemnity
C
It is called the predictability rate
D
It is called the principle of life insurance
A
Insurers generally calculate premiums on:
A
A weekly basis
B
An annual basis
C
A monthly basis
D
A daily basis
B
4|Page
