Ohio life insurance - Study guides, Class notes & Summaries

OHIO HEALTH AND LIFE INSURANCE 2024 EXAM ACTUAL EXAM COMPLETE 450 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+

OHIO HEALTH AND LIFE INSURANCE 2024 EXAM ACTUAL EXAM COMPLETE QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+

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 does the premium mode affect the total premium paid for insurance for the year? - CORRECT ANSWER-Higher frequency of payments will result in higher overall premium Can insurers advertise the existence...

OHIO Life Insurance Exam Solved 100% Correct

To qualify for appointment of agent Answer - 18 YOA, US citizenship not required, no minimum residency Original certificate good for.... Answer - 180 days Renewal for license Answer - beinnially on birth month, $5 fee Types of risk Answer - Pure risk - covered by insurance Speculative risk - not covered (gambling) How to handle risk Answer - avoid it retain it - self insurance reduce it share it transfer it - buy insurance, spreads risk to large group Mortality Rate Answer -...

2024 Ohio Life insurance Exam

Ohio Life insurance Exam Questions Correctly Answered And Graded A+

Ohio Health and life insurance exam with 100% correct answers

The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called - cancelable Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Which of these statements is true? The policy automatically converts to whole life after the 10-year period - The face amount and premium will remain constant over the 10 year period Which of the following provides Medicare supplement policie...

OHIO LIFE INSURANCE EXAM LATEST | 100 QUESTIONS | WITH COMPLETE SOLUTIONS!!