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Ohio Life insurance Exam

Ohio Life insurance Exam

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Personal Lines exam study prep (OH 11-43) Updated Questions with 100% Correct Answers | Latest & Verified

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Domicile - CORRECT ANSWER-refers to the jurisdiction (i.e., state or country) where an insurer is formed or incorporated Domestic Insurer - CORRECT ANSWER-An insurer organized under the laws of this state, whether or not it is admitted to do business in this state. Foreign Insurer - CORRECT ANSW...

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Ohio series 11-35 exam Questions and Answers Latest 2024

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A provision that allows a policy owner to withdraw a policy's cash value interest free is - CORRECT ANSWER-Partial surrender Kurt is an active duty serviceman who was recently killed in an accident while home on leave. Which military service exclusion clause would pay upon his death? - CORRECT ...

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Ohio Life, Accident & Health Insurance Exam Questions and Answers Latest 2024 (Series 11-35), Life Insurance Basics

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What type of report provides information about an applicant's hobbies, habits, and financial status? - CORRECT ANSWER-Investigative consumer report What are the three factors that determine the premium for a particular life insurance policy? - CORRECT ANSWER-Mortality, interest, expense How doe...

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Ohio Life Insurance Final Exam 100% VERIFIED.

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Which of the following is usually the owner of the annuity? - CORRECT ANSWER-The annuitant Which of the following is not true of the straight life income option for annuities? - CORRECT ANSWER-A beneficiary will receive any balance of the annuity upon the annuitant's death. When an insurance p...

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Ohio Life insurance Exam Questions and Answers Latest 2024

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A life insurance company has transferred some of its risk to another insurer. The insurer assuming the risk is called - CORRECT ANSWERall of the following are examples of business continuity plan except - CORRECT ANSWER-Deferred Compensation All of these are valid options for an Adjustable Life P...

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life, accident and health insurance state exam Questions and Answers Latest 2024- OH

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A person who is a nonsmoker, of average weight and in excellent health would most likely be in which risk classification? - CORRECT ANSWER-preferred Preferred risk policies with reduced premiums are issued by insurance companies bc the insured has - CORRECT ANSWER-better than average mortality ...

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