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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

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...

AD Banker Comprehensive 2024/ 2025 Exam| Questions and Verified Answers| 100% correct| A Grade The type of policy that can be changed from one that does not accumulate cash values to one that does is a: A. Universal life policy B. Variable life policy C. Permanent policy D. Convertible term policy Answer: D. QUESTION With a modified premium whole life contract, premium payments: A. Are lower in the early years of the contract B. Are invested in the stock market C. Never...

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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...

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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...

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AD BANKER COMPREHENSIVE EXAM STUDY GUIDE 2023-2024 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 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

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 ...