Ad banker chapter 1 exam Study guides, Class notes & Summaries
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AD Banker Chapter 1 Exam Questions with correct answers
- Exam (elaborations) • 9 pages • 2023
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A person who negotiates insurance contracts with insurers on behalf of an applicant is known as a(n): 
a. Broker 
b. Consultant 
c. Advisor 
d. Agent/Producer CORRECT ANSWER a. Broker 
 
The contract type in which only one party is legally bound to its contractual obligations after a premium is paid is a(n) _____________ contract. 
a. Personal 
b. Conditional 
c. Unilateral 
d. Aleatory CORRECT ANSWER c. Unilateral 
 
An insurer authorized to do business within this state is considered what type...
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AD Banker Chapter 1 Exam Questions with correct Answers
- Exam (elaborations) • 8 pages • 2023
- Available in package deal
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AD Banker Chapter 1 Exam Questions with correct Answers 
A person who negotiates insurance contracts with insurers on behalf of an applicant is known as 
a(n): 
a. Broker 
b. Consultant 
c. Advisor 
d. Agent/Producer - Ans ️️ -a. Broker 
The contract type in which only one party is legally bound to its contractual obligations after a 
premium is paid is a(n) _____________ contract. 
a. Personal 
b. Conditional 
c. Unilateral 
d. Aleatory - Ans ️️ -c. Unilateral 
An insurer authorized to ...
-
AD Banker Chapter 1 Exam Questions and Answers Graded A+
- Exam (elaborations) • 12 pages • 2023
- Available in package deal
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AD Banker Chapter 1 Exam Questions and Answers Graded A+ 
A person who negotiates insurance contracts with insurers on behalf of an applicant is known as a(n): 
a. Broker 
b. Consultant 
c. Advisor d. Agent/Producer a. Broker 
The contract type in which only one party is legally bound to its contractual obligations after a premium is paid is a(n) _____________ contract. 
a. Personal 
b. Conditional 
c. Unilateral d. Aleatory c. Unilateral 
An insurer authorized to do business within this state i...
-
AD Banker Chapter 1 Exam Questions with correct answers graded A+
- Exam (elaborations) • 8 pages • 2023
- Available in package deal
-
- $14.99
- + learn more
AD Banker Chapter 1 Exam QuestionsA person who negotiates insurance contracts with insurers on behalf of an applicant is known as a(n): 
a. Broker 
b. Consultant 
c. Advisor 
d. Agent/Producer - correct answers a. Broker 
 
The contract type in which only one party is legally bound to its contractual obligations after a premium is paid is a(n) _____________ contract. 
a. Personal 
b. Conditional 
c. Unilateral 
d. Aleatory - correct answers c. Unilateral 
 
An insurer authorized to do business w...
-
AD Banker Chapter 1 Exam Questions with correct Answers
- Exam (elaborations) • 5 pages • 2023
- Available in package deal
-
- $10.49
- + learn more
AD Banker Chapter 1 Exam Questions with correct Answers
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AD Banker Chapter 1 Exam Questions & Answers 2023_2024.
- Exam (elaborations) • 7 pages • 2024
- Available in package deal
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- $7.99
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AD Banker Chapter 1 Exam Questions & Answers 2023_2024.
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AD Banker Chapter 1 Exam Questions with complete solution 2023/2024
- Exam (elaborations) • 8 pages • 2023
- Available in package deal
-
- $15.49
- + learn more
AD Banker Chapter 1 Exam QuestionsA person who negotiates insurance contracts with insurers on behalf of an applicant is known as a(n): 
a. Broker 
b. Consultant 
c. Advisor 
d. Agent/Producer - correct answers a. Broker 
 
The contract type in which only one party is legally bound to its contractual obligations after a premium is paid is a(n) _____________ contract. 
a. Personal 
b. Conditional 
c. Unilateral 
d. Aleatory - correct answers c. Unilateral 
 
An insurer authorized to do business w...
-
AD Banker Chapter 1 Exam Questions
- Exam (elaborations) • 5 pages • 2023
- Available in package deal
-
- $10.49
- + learn more
A person who negotiates insurance contracts with insurers on behalf of an applicant is known as a(n): 
a. Broker 
b. Consultant 
c. Advisor 
d. Agent/Producer - Answer- a. Broker 
 
The contract type in which only one party is legally bound to its contractual obligations after a premium is paid is a(n) _____________ contract. 
a. Personal 
b. Conditional 
c. Unilateral 
d. Aleatory - Answer- c. Unilateral 
 
An insurer authorized to do business within this state is considered what type of insure...
-
AD Banker Chapter 1 Exam Questions & Answers 2023/2024
- Exam (elaborations) • 8 pages • 2023
- Available in package deal
-
- $9.99
- + learn more
AD Banker Chapter 1 Exam Questions & Answers 2023/2024 
 
A person who negotiates insurance contracts with insurers on behalf of an applicant is known as a(n): 
a. Broker 
b. Consultant 
c. Advisor 
d. Agent/Producer - ANSWER-a. Broker 
 
The contract type in which only one party is legally bound to its contractual obligations after a premium is paid is a(n) _____________ contract. 
a. Personal 
b. Conditional 
c. Unilateral 
d. Aleatory - ANSWER-c. Unilateral 
 
An insurer authorized to do busi...
-
AD Banker Chapter 1 Exam Questions & Answers 2023/2024
- Exam (elaborations) • 7 pages • 2024
- Available in package deal
-
- $7.99
- + learn more
A person who negotiates insurance contracts with insurers on behalf of an 
applicant is known as a(n): 
a. Broker 
b. Consultant 
c. Advisor 
d. Agent/Producer - CORRECT ANSWER-a. Broker 
The contract type in which only one party is legally bound to its contractual 
obligations after a premium is paid is a(n) _____________ contract. 
a. Personal 
b. Conditional 
c. Unilateral 
d. Aleatory - CORRECT ANSWER-c. Unilateral 
An insurer authorized to do business within this state is considered what ty...
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