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Free OHIO Life Insurance Agent Series 11-44 Practice Questions

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Exam style questions across every OH-Life-Agent-Series-11-44 domain

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Total Questions : 105

Start with our free OH-Life-Agent-Series-11-44 practice questions, carefully crafted to mirror the domains, phrasing, and difficulty of the real OHIO Life Insurance exam. Each OH-Life-Agent-Series-11-44 exam question comes with a detailed rationale that explains not just which answer is correct but why the others fall short. That's how concepts stick. Use the free set to benchmark yourself: identify your Ohio Department of Insurance weak domains, see where you're losing marks, and build a focused study plan in minutes.

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Question # 21

Kelvin is receiving tax deferred growth until retirement. In what phase would Kelvin's annuity be?

Options:

A.  

Nonforfeiture period.

B.  

Accumulation period.

C.  

Annuity period.

D.  

Payout period.

Discussion 0
Question # 22

Which nonforfeiture option allows the policyowner to purchase less coverage for life?

Options:

A.  

Reduced Paid-Up Insurance.

B.  

Cash Surrender Value.

C.  

Settlement Value.

D.  

Extended Term.

Discussion 0
Question # 23

The purpose of insurance Is to

Options:

A.  

avoid risk.

B.  

reduce risk.

C.  

transfer risk.

D.  

increase risk.

Discussion 0
Question # 24

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

will

Options:

A.  

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

B.  

not be paid until the loan is repaid.

C.  

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

D.  

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

Discussion 0
Question # 25

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

Options:

A.  

slanting.

B.  

concealment.

C.  

misrepresentation.

D.  

aleatory contract.

Discussion 0
Question # 26

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

Options:

A.  

cannot meet it's capital surplus requirements.

B.  

merges with a foreign insurer.

C.  

becomes financially insolvent.

D.  

depletes its loss reserves.

Discussion 0
Question # 27

It is unlawful for a person to provide an advertisement which

Options:

A.  

uses a testimonial.

B.  

refers to the insurer's financial rating.

C.  

points out coverage advantages of a policy.

D.  

uses a policy title to inaccurately describe a coverage.

Discussion 0
Question # 28

To receive proceeds from a death benefit, a minor

Options:

A.  

must be related to the insured.

B.  

can only be named as a contingent beneficiary.

C.  

must be at least 16 years old.

D.  

must have an appointed guardian.

Discussion 0
Question # 29

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

Options:

A.  

Grace period

B.  

Beneficiary

C.  

Average age

D.  

Dependents

Discussion 0
Question # 30

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

Options:

A.  

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

B.  

the spouse designated as beneficiary will remain an irrevocable beneficiary

C.  

the designation of the spouse as a beneficiary is revoked

D.  

the policy will automatically be terminated

Discussion 0

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