Get 2025 Updated Free Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Questions and Answer
OH-Life-Agent-Series-11-44 Dumps PDF and Test Engine Exam Questions
NEW QUESTION # 50
Upon annuitization, which of the following will have the HIGHEST monthly payout?
- A. Straight life.
- B. Joint and survivor life.
- C. Straight life with guaranteed payments.
- D. Joint life.
Answer: A
NEW QUESTION # 51
What annuity payout option has no additional payouts regardless of when the annuitant dies?
- A. Life only.
- B. Life certain.
- C. Cash refund.
- D. Installment refund.
Answer: A
NEW QUESTION # 52
It is unlawful for a person to provide an advertisement which
- A. points out coverage advantages of a policy.
- B. refers to the insurer's financial rating.
- C. uses a testimonial.
- D. uses a policy title to inaccurately describe a coverage.
Answer: D
NEW QUESTION # 53
An Insured owns a whole life policy that has accumulated cash value. Which of the following statements Is
true about the policy's cash value?
- A. The cash value is not guaranteed.
- B. It is subject to fluctuations of the company's overall performance.
- C. The policy's cash value is viewed as investment growth and therefore subject to taxation for each
calendar year. - D. The growth of the policy's cash value Is not subject to income tax while the policy Is in force.
Answer: D
NEW QUESTION # 54
What does a limited payment whole life policy provide?
- A. Protection to age 65.
- B. Pure protection.
- C. A lower premium.
- D. Life time protection.
Answer: C
NEW QUESTION # 55
An Insurer would consider which of the following In determining whether to accept a group life plan?
- A. Average age
- B. Dependents
- C. Grace period
- D. Beneficiary
Answer: A
NEW QUESTION # 56
Each of the following are characteristics of a fixed annuity contract EXCEPT
- A. funds are Invested in a separate account.
- B. the minimum interest rate is guaranteed in the contract.
- C. benefit payments remain level.
- D. it may be sold as an immediate or deferred annuity.
Answer: A
NEW QUESTION # 57
Generally, rates charged for Insurance may NOT be
- A. different for persons withdiffering risk profiles.
- B. discriminatory.
- C. cost prohibitive.
- D. excessive, inadequate, or unfairly discriminatory.
Answer: D
NEW QUESTION # 58
Deliberate withholding of material facts that would affect the validity of an Insurance policy or a claim under
the policy Is known as
- A. aleatory contract.
- B. misrepresentation.
- C. concealment.
- D. slanting.
Answer: C
NEW QUESTION # 59
While texting and driving, an Insured loses control of the vehicle and hits a tree. The resulting collision Is
- A. a peril.
- B. a risk.
- C. an exposure.
- D. a hazard.
Answer: A
NEW QUESTION # 60
The proposed insured's statements on a life insurance application are considered to be
- A. misrepresentations.
- B. absolute statements.
- C. representations.
- D. warranties.
Answer: C
NEW QUESTION # 61
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. merges with a foreign insurer.
- D. cannot meet it's capital surplus requirements.
Answer: B
NEW QUESTION # 62
An applicant would be charged a higher premium for a life Insurance policy if they were
- A. deaf.
- B. married.
- C. younger.
- D. older.
Answer: D
NEW QUESTION # 63
An insured wants to purchase a policy with three key elements: flexible premium, death benefit, and the choice
of mutual funds where the cash value will be Invested In a separate account. The Insured should purchase
- A. graded premium whole life.
- B. universal life.
- C. variable universal life.
- D. adjustable life.
Answer: C
NEW QUESTION # 64
The most common use of a group life insurance policy is to insure
- A. company employees.
- B. members of a family.
- C. retirees.
- D. association members.
Answer: A
NEW QUESTION # 65
An immediate annuity begins making payments after the
- A. first premium has been paid.
- B. policy reaches its maturation date.
- C. policy has been in force for one year.
- D. policyholder suffers a disability.
Answer: A
NEW QUESTION # 66
An agent's underwriting duties Include which of the following?
- A. Declining or accepting an application.
- B. Issuing the policy.
- C. Completing all applications and collecting initial premiums.
- D. Setting premium amounts.
Answer: C
NEW QUESTION # 67
Which of the following policies allows the policyowner to change two policy features?
- A. Modified Life.
- B. Adjustable Life.
- C. Credit Life.
- D. Term Life.
Answer: B
NEW QUESTION # 68
Which rider would allow additional insurance to be purchased at specified dates or events, without additional
underwriting?
- A. Cost of living.
- B. Guaranteed renewability.
- C. Guaranteed insurability.
- D. Disability income.
Answer: C
NEW QUESTION # 69
If an agent does NOT send a refund to a policyholder within an expectable time frame, the agent may
- A. have his or her license suspended or revoked.
- B. receive a deduction in commissions.
- C. be charged interest on the refund amount.
- D. be barred from seeking an appeal.
Answer: A
NEW QUESTION # 70
Extended term Insurance can be selected under which whole life policy provision?
- A. cash value
- B. nonforfeiture
- C. interest-only
- D. settlement
Answer: B
NEW QUESTION # 71
Which of the following statements BEST describes a single premium cash value policy?
- A. It requires the policyowner to pay one premium annually.
- B. It requires only one payment to make the policy paid up.
- C. It waives one future premium if the owner becomes disabled.
- D. It provides for only one premium to be paid without evidence of insurability.
Answer: B
NEW QUESTION # 72
After the hearing, if the insurance superintendent has determined a licensee has committed a violation of Ohio
Insurance Laws, what can the insurance superintendent do?
- A. immediately terminate insurer appointments
- B. suspend the licensee s premium accounts
- C. sentence the licensee up to 30 days in jail
- D. impose an administrative penalty
Answer: D
NEW QUESTION # 73
An exposure Is a condition or situation that presents the possibility of
- A. hazard.
- B. peril.
- C. loss.
- D. indemnity.
Answer: C
NEW QUESTION # 74
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