This page was exported from Exams Labs Braindumps [ http://blog.examslabs.com ] Export date:Wed Dec 4 8:36:50 2024 / +0000 GMT ___________________________________________________ Title: [UPDATED 2024] OH-Life-Agent-Series-11-44 dumps Free Test Engine Verified By Certified Experts [Q30-Q51] --------------------------------------------------- [UPDATED 2024] OH-Life-Agent-Series-11-44 dumps Free Test Engine Verified By Certified Experts Realistic OH-Life-Agent-Series-11-44 Accurate & Verified Answers As Experienced in the Actual Test! Q30. Reinsurers are a specialized branch of the insurance industry because they  provide insurance to otherwise uninsurable individuals.  provide alternative means.  Insure insurers.  keep premiums low. Q31. An agent’s underwriting duties Include which of the following?  Setting premium amounts.  Completing all applications and collecting initial premiums.  Declining or accepting an application.  Issuing the policy. Q32. The structure of a credit life insurance policy does NOT allow for  group policies.  coverage amount to match the loan amount.  conversion privileges.  Individual policies. Q33. Which of the following policies allows the policyowner to change two policy features?  Credit Life.  Modified Life.  Adjustable Life.  Term Life. Q34. The most common use of a group life insurance policy is to insure  retirees.  company employees.  members of a family.  association members. Q35. In reference to life Insurance in contract law, a person MOST likely will have an insurable interest in insuringa person’s life If  the interest exists at the time of death.  the interest exists at the time of application.  any type of distant family relationship exists with the insured party.  any type of business relationship exists between the insured party and the beneficiary. Q36. All of the following statements regarding a group annuity are correct, EXCEPT  purchased as part of a structured corporate pension plan.  each employee signs and receives an individual contract.  participation is limited to eligible employees.  considered a defined-benefit plan. Q37. An insured wants to purchase a policy with three key elements: flexible premium, death benefit, and the choiceof 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. Q38. What law do all Insurers and their agents need to comply with In regards to Information being obtained from athird party concerning the applicant?  Dodd Frank Act  McCarran-Ferguson Act  Fair Credit Reporting Act  Unauthorized Insurers Service of Process Act Q39. Rob, Joe, and Mike are brothers who have a $60,000 “first-to-die” Joint life policy covering all three of theirlives. 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. Q40. The PRIMARY reason for purchasing life Insurance Is to provide  death benefits.  college tuition.  retirement Income.  safety of principal. Q41. After the hearing, if the insurance superintendent has determined a licensee has committed a violation of OhioInsurance 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 Q42. Which of the following is TRUE of a payor benefit rider?  Waives premiums on a Juvenile policy if the policyowner becomes totally disabled or dies.  Pays a monthly income to the policyowner if the insured is totally disabled.  Waives policy premiums if the insured becomes totally disabled.  Increases the value of the policy if the policyowner dies. Q43. All the following riders can Increase the death benefit amount EXCEPT  Cost of Living.  Waiver of Premium.  Accidental Death Rider.  Guaranteed Insurability. Q44. Which of the following is a provision in an interest-sensitive life policy which allows the policyowner towithdraw the policy’s cash value Interest free?  Partial Surrender.  Automatic Premium Loan.  Waiver of Premium.  Spendthrift Clause. Q45. Survivorship life insurance policies are useful in estate planning because they  accumulate a sum of money for retirement.  can provide money to pay taxes on assets.  redistribute the premium obligation during the early years of the policy.  provide funeral insurance and pre-need burial insurance. Q46. Bettie has a $200,000 whole life policy with a $50,000 cash value. She wishes to borrow $30,000 for thepurchase of a new van. Which of the following Is TRUE In this situation?  There is no requirement that she pay back the loan.  Loans can only be taken for hardship situations.  Whole life policies do not have any loan provisions.  This type of loan is interest free. Q47. An agent’s actions or deeds demonstrate what kind of authority?  apparent  delegated  express  inherent Q48. 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. Q49. Upon annuitization, which of the following will have the HIGHEST monthly payout?  Straight life with guaranteed payments.  Joint life.  Straight life.  Joint and survivor life. Q50. Competency of an Individual to enter into an Insurance contract is determined based on  legal age.  legal purpose.  ownership.  payment of premium. Q51. 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.  Loading … Latest Ohio Department of Insurance OH-Life-Agent-Series-11-44 Practice Test Questions: https://www.examslabs.com/Ohio-Department-of-Insurance/OHIO-Life-Insurance/best-OH-Life-Agent-Series-11-44-exam-dumps.html --------------------------------------------------- Images: https://blog.examslabs.com/wp-content/plugins/watu/loading.gif https://blog.examslabs.com/wp-content/plugins/watu/loading.gif --------------------------------------------------- --------------------------------------------------- Post date: 2024-07-06 12:16:08 Post date GMT: 2024-07-06 12:16:08 Post modified date: 2024-07-06 12:16:08 Post modified date GMT: 2024-07-06 12:16:08