OHIO Life Insurance Agent Series 11-44 Exam Online Dumps

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OHIO Life Insurance Agent Series 11-44 exam contains 10 questions, and you have 2 hours to answer all the questions. You must score 70% or higher to pass your state licensing exam. We have cracked the latest OHIO Life Insurance Agent Series 11-44 exam online dumps, which can make sure you pass the test easily. Free OHIO Life Insurance Agent Series 11-44 Life Agent Series 11-44 exam online dumps are available below.

Page 1 of 4

1. Which of the following is a provision in an interest-sensitive life policy which allows the policyowner to withdraw the policy's cash value Interest free?

Partial Surrender.

Automatic Premium Loan.

Waiver of Premium.

Spendthrift Clause.

2. The proposed insured's statements on a life insurance application are considered to be

absolute statements.

misrepresentations.

representations.

warranties.

3. In Ohio, an agent must be appointed by the Insurer within how many days from the date the agency contract Is executed, or the first Insurance application Is submitted?

4. 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

universal life.

adjustable life.

variable universal life.

graded premium whole life.

5. Contributions made to a Roth IRA are

partially tax deductible.

not tax deductible.

only tax deductible at age 50 or older.

tax deductible at retirement.

6. Statements by an applicant concerning personal health history, family health history, occupation, and hobbies are referred to as

depictions.

certifications.

representations.

personal characteristics.

7. Under what circumstances must an agent provide his or her business records to the superintendent of Insurance?

upon request of an insured

upon request of the superintendent

under no circumstances due to privacy consideration

by authorization from the National Association of Insurance Commissioners (NAIC)

8. What does a limited payment whole life policy provide?

Protection to age 65.

Life time protection.

A lower premium.

Pure protection.

9. Each of the following are characteristics of a fixed annuity contract EXCEPT

funds are Invested in a separate account.

the minimum interest rate is guaranteed in the contract.

benefit payments remain level.

it may be sold as an immediate or deferred annuity.

10. A policyowner may not pay premiums with which frequency?

Bi-weekly

Monthly

Quarterly

Semi-annually

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11. After a request has been received for verification of coverage from a viatical settlement provider, an insurance company authorized to do business shall respond within:

30 calendar days

45 calendar days

60 calendar days

90 calendar days

12. An agent's actions or deeds demonstrate what kind of authority?

apparent

delegated

express

inherent

13. An insured owns a whole life insurance policy on himself. He would also like coverage for his minor son and/or daughter. One way the Insured can accomplish this goal Is to purchase a

child term rider.

family income rider.

famitp maintenance rider.

guaranteed insurability rider.

14. Under the children's term rider, what occurs when a child reaches the specified age? He or she

automatically becomes the beneficiary of the life insurance policy.

must show evidence of insurability to remain covered.

may Increase the term coverage of the rider.

is eliminated from coverage.

15. 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

cannot meet it's capital surplus requirements.

merges with a foreign insurer.

becomes financially insolvent.

depletes its loss reserves.

16. An Insurer would consider which of the following In determining whether to accept a group life plan?

Grace period

Beneficiary

Average age

Dependents

17. Under an executive bonus plan, premiums paid by the employer are

reported as taxable income to the employee.

tax deductible to both the employee and employer.

reported as taxable Income to the employer.

only tax deductible when the bonus is an insurance plan.

18. Upon the divorce of an insured who designated their spouse as the beneficiary, which of the following actions will result?

the insured must pay 50% of the premiums paid to the spouse named as the beneficiary

the spouse designated as beneficiary will remain an irrevocable beneficiary

the designation of the spouse as a beneficiary is revoked

the policy will automatically be terminated

19. It is unlawful for a person to provide an advertisement which

uses a testimonial.

refers to the insurer's financial rating.

points out coverage advantages of a policy.

uses a policy title to inaccurately describe a coverage.

20. While texting and driving, an Insured loses control of the vehicle and hits a tree. The resulting collision Is

an exposure.

a hazard.

a peril.

a risk.

Page 3 of 4

21. Which of the following statements is TRUE regarding a waiver of premium rider?

There will be no change in the policy other than the insured no longer has to pay the premiums on the policy.

The policy's cash value will continue to grow, but at a slower rate because the insured is no longer paying premiums.

The death benefit will be reduced by the amount of the unpaid premiums.

The insured will automatically become eligible for accelerated death benefits.

22. When a policy owner requests a partial surrender from her Universal Life Policy she Is requesting which of the following?

Cash withdrawal.

A loan from the policy.

Surrender of the policy.

Decrease In the coverage amount.

23. The accumulated cash value of a whole life insurance policy becomes the

policy loan value upon which the insured may borrow.

amount used to purchase paid up additions to the insured's policy.

funds used to offset policy administration and conversion expenses.

face amount payable upon the insured's death.

24. An insured has a 5-year Renewable Term Life Insurance Policy. Upon exercising the renewable privilege, the Insured MUST

provide evidence of insurability.

renew for at least 10 years.

pay an annual premium that may be higher.

convert to a whole life policy.

25. Rob, Joe, and Mike are brothers who have a $60,000 "first-to-die" Joint life policy covering all three of their lives. If Joe dies first, the policy proceeds

will not provide further insurance protection.

must be shared equally by Rob and Joe's wife.

will accumulate with interest until another brother dies and then be awarded to the surviving brother.

must be awarded to Joe's estate.

26. Which of the following individuals has the right to name a beneficiary?

producer

owner

Insured

assignee

27. Which of the following dividend options is taxable?

1-year term.

Paid up additions.

Return of premium.

Accumulation at interest.

28. Which rider would allow additional insurance to be purchased at specified dates or events, without additional underwriting?

Guaranteed renewability.

Guaranteed insurability.

Cost of living.

Disability income.

29. Deliberate withholding of material facts that would affect the validity of an Insurance policy or a claim under the policy Is known as

slanting.

concealment.

misrepresentation.

aleatory contract.

30. The premium mode defines the

premium limit.

premium amount.

frequency of the premium payment.

method of premium payment.

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31. 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?

impose an administrative penalty

suspend the licensee s premium accounts

immediately terminate insurer appointments

sentence the licensee up to 30 days in jail

32. If an Insured under a life insurance policy dies with an outstanding loan balance then the death benefit will

be reduced by the amount of the loan and interest owed.

not be paid until the loan is repaid.

be paid less the amount of the loan but not the interest.

be paid less the amount of the loan interest but not the principal.

OHIO Life Insurance Agent Series 11-44 Exam Online Dumps

OHIO Life Insurance Agent Series 11-44 Exam Online Dumps

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