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OHIO HEALTH AND LIFE INSURANCE 2024 EXAM ACTUAL EXAM COMPLETE QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+£13.73
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10/5/24, 9:17 AM OHIO HEALTH AND LIFE INSURANCE 2024 EXAM 2024-2025 ACTUAL EXAM COMPLETE QUESTIONS WITH DETAILED …
OHIO HEALTH AND LIFE INSURANCE 2024
EXAM 2024-2025 ACTUAL EXAM COMPLETE
QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
Terms in this set (150)
According to the law of Predictability of losses will be improved
large numbers, how
would losses be affected
if the number of similar
insured units increases?
Which of the following Risk
can be defined as "the
potential for loss"?
An insurer has a Reinsurance contract
contractual agreement
which transfers a portion
of its risk exposure to
another insurer. What
type of contractual
arrangement is this?
Which of these As the number of insured units increases, the
statements regarding number of losses decreases
insurance is false?
The powers directly express
given to an agent in an
agency contract are
called
, 10/5/24, 9:17 AM OHIO HEALTH AND LIFE INSURANCE 2024 EXAM 2024-2025 ACTUAL EXAM COMPLETE QUESTIONS WITH DETAILED …
Which of these is true Can be unequal
regarding the exchange
of consideration among
parties involved in an
insurance contract?
What is the reason that Adverse selection is minimized
insurance companies
require a minimum
number of employees
participating in a group
insurance plan?
What type of policy can An individual permanent life insurance policy
group term life insurance
normally be converted
to?
Any employee insured protected by term life insurance
under a group life
insurance plan is
normally
Which of these is NOT Local unemployment rates
relevant when
determining the amount
of personal life insurance
needed?
What is considered a Fund a buy-sell agreement
valid reason for small
businesses to insure the
lives of its major
shareholders?
Employers often help offset the cost of finding and training a
purchase life insurance replacement if the employee dies
on a key employee in
order to
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