Ohio Department of Insurance Director Lee Covington issued a suspension for the pre-licensing provider approval and WebCheck authorization of A.D. Banker and Company LLC, a pre-licensing education provider in the Buckeye State, for two years.
The Department alleged in a consent order signed by A.D. Banker, that A.D. Banker obtained and utilized improperly Ohio agent licensing examination questions from Experior Assessments LLC, a vendor which the Department uses to develop and administer insurance agent licensing examinations.
The two-year suspension will be looked at following one year to decide if A.D. Banker founder and co-owner Leon Anderson has been fully removed from the ownership and operation of the company.
Anderson is alleged to have paid Wayne Allen Rapp for test questions that Rapp had obtained by taking Ohio and a variety of other state insurance agent exams under a number of different aliases. Rapp was discovered by Experior Assessments who later concluded that 23 of the questions in the Ohio A.D. Banker Life/Health course manual were either the same or substantially similar to the questions in Experior’s test question data bank.
Before the suspension, A.D. Banker students made up 32 percent (second highest) of all students who take pre-licensing examinations in Ohio.