View OH-Life-Agent-Series-11-44 Exam Question Dumps With Latest Demo [Jul 05, 2024]
Free OH-Life-Agent-Series-11-44 Test Questions Real Practice Test Questions
NEW QUESTION # 31
An agent's actions or deeds demonstrate what kind of authority?
- A. delegated
- B. apparent
- C. inherent
- D. express
Answer: B
NEW QUESTION # 32
What annuity payout option has no additional payouts regardless of when the annuitant dies?
- A. Life only.
- B. Installment refund.
- C. Life certain.
- D. Cash refund.
Answer: A
NEW QUESTION # 33
Competency of an Individual to enter into an Insurance contract is determined based on
- A. ownership.
- B. legal age.
- C. legal purpose.
- D. payment of premium.
Answer: B
NEW QUESTION # 34
An insured has a 5-year Renewable Term Life Insurance Policy. Upon exercising the renewable privilege, the
Insured MUST
- A. provide evidence of insurability.
- B. renew for at least 10 years.
- C. pay an annual premium that may be higher.
- D. convert to a whole life policy.
Answer: C
NEW QUESTION # 35
What is an Insurer's liability when it Is discovered after an Insured dies that the Insured's age on the policy was
misstated?
- A. The insurer is not liable to pay any amount due to the insured's misstatement of age.
- B. The insurer must pay a prorated amount of the policy based on the amount of insurance the insured's
premiums would have been if purchased at the correct age. - C. The insurer must pay the full amount as stated in the policy, as age is not considered a relevant factor.
- D. The insurer must pay the full amount of the policy, minus any additional premiums the Insurance
company would have paid based on the Insured's actual age.
Answer: B
NEW QUESTION # 36
In which of the following fixed annuity features Is the surrender value tied to Interest rates?
- A. variable sub accounts
- B. interest sensitive trigger
- C. fixed value rates
- D. market value adjustments
Answer: D
NEW QUESTION # 37
The settlement option that allows proceeds to remain with the Insurer and the earnings to be paid to the
beneficiary on a monthly basis is called
- A. fixed amount.
- B. lump sum.
- C. interest only.
- D. fixed period.
Answer: C
NEW QUESTION # 38
Generally, If a life application Is NOT prepaid, the effective date of coverage begins on the date the
- A. company underwriter approves the risk.
- B. policy is delivered and accepted.
- C. application is signed.
- D. application is postmarked and mailed to the insurer.
Answer: B
NEW QUESTION # 39
All of the following statements regarding a group annuity are correct, EXCEPT
- A. considered a defined-benefit plan.
- B. purchased as part of a structured corporate pension plan.
- C. participation is limited to eligible employees.
- D. each employee signs and receives an individual contract.
Answer: C
NEW QUESTION # 40
It is unlawful for a person to provide an advertisement which
- A. uses a testimonial.
- B. points out coverage advantages of a policy.
- C. refers to the insurer's financial rating.
- D. uses a policy title to inaccurately describe a coverage.
Answer: D
NEW QUESTION # 41
The premium mode defines the
- A. method of premium payment.
- B. frequency of the premium payment.
- C. premium amount.
- D. premium limit.
Answer: B
NEW QUESTION # 42
Upon the divorce of an insured who designated their spouse as the beneficiary, which of the following actions
will result?
- A. the designation of the spouse as a beneficiary is revoked
- B. the insured must pay 50% of the premiums paid to the spouse named as the beneficiary
- C. the spouse designated as beneficiary will remain an irrevocable beneficiary
- D. the policy will automatically be terminated
Answer: A
NEW QUESTION # 43
Insurers do business in Ohio only after a thorough financial review. Most insurance policies written in Ohio
are protected by the Guaranty Association established to protect policy owners In the event an admitted
company
- A. depletes its loss reserves.
- B. becomes financially insolvent.
- C. cannot meet it's capital surplus requirements.
- D. merges with a foreign insurer.
Answer: B
NEW QUESTION # 44
Which of the following is a life insurance contract written on the life of an individual?
- A. Single-Life Insurance.
- B. Survivorship Policy.
- C. Joint Life Contract.
- D. Insurance.
Answer: B
NEW QUESTION # 45
Which of the following statements is TRUE regarding a waiver of premium rider?
- A. The insured will automatically become eligible for accelerated death benefits.
- B. The death benefit will be reduced by the amount of the unpaid premiums.
- C. The policy's cash value will continue to grow, but at a slower rate because the insured is no longer
paying premiums. - D. There will be no change in the policy other than the insured no longer has to pay the premiums on the
policy.
Answer: D
NEW QUESTION # 46
Making a statement that is false and maliciously critical of the financial condition of an insurer is known as
- A. misrepresentation.
- B. defamation.
- C. coercion.
- D. intimidation.
Answer: A
NEW QUESTION # 47
Which rider would allow additional insurance to be purchased at specified dates or events, without additional
underwriting?
- A. Guaranteed insurability.
- B. Cost of living.
- C. Guaranteed renewability.
- D. Disability income.
Answer: A
NEW QUESTION # 48
Which of the following describes the process of selection, classification, and rating of risks?
- A. cost containment
- B. underwriting
- C. adverse selection
- D. claims experience
Answer: B
NEW QUESTION # 49
What does a limited payment whole life policy provide?
- A. Life time protection.
- B. Protection to age 65.
- C. Pure protection.
- D. A lower premium.
Answer: D
NEW QUESTION # 50
......
View All OH-Life-Agent-Series-11-44 Actual Free Exam Questions Updated: https://www.actual4labs.com/Ohio-Department-of-Insurance/OH-Life-Agent-Series-11-44-actual-exam-dumps.html
OH-Life-Agent-Series-11-44 Dumps Updated Jul 05, 2024 WIith 107 Questions: https://drive.google.com/open?id=1bZ4nUu5XEWWwcZPZ0rsjQMg_40SnEH46