Ohio life insurance - Study guides, Class notes & Summaries

Perils: - ️️The causes of loss insured against in an insurance policy. -Life insurance -Health insurance -Property insurance -Casualty insurance Direct response marketing: - ️️A direct response marketing system effectively bypasses the insurance agent. Business is conducted over the phone, through the mail, or online. This is a perfectly legal approach to selling insurance. It is not mandatory in all situations for the insured to physically sign any documents in order for coverag...

Ohio Life Insurance Exam questions with verified answer1.

OHIO Life Insurance Exam Questions and Correct Answers.OHIO Life Insurance Exam Questions and Correct Answers.

Ohio Life Insurance Exam Questions and Answers (2024 / 2025) (Verified Answers) According to the entire contract provision, the entire contract includes all of the following EXCEPT - CORRECT ANSWER The premium payment (other answers any attachments, any endorsements, and the insurance policy) In most states, the policy becomes incontestable after - CORRECT ANSWER 2 years Consideration for an insurance policy includes - CORRECT ANSWER The statements made in the application and the pr...

Which settlement option involves having the proceeds remain with the insurer and earnings paid on a monthly basis of the beneficiary - ️️interest only An insurance company needs to obtain personal information from a third party concerning an applicant. Which law do all insurers and their producers need to comply with - ️️Fair credit Reporting Act the superintendent determines an examination of an insurers books and record is necessary. After receiving the notification, the insurer ...

Ohio Life Insurance Practice Exam Questions With Complete Solutions

OHIO Life Insurance Exam Questions and Verified Answers, 100- Guarantee Pass (Latest 2025).

Ohio Life Insurance EXAM QUESTIONS AND ANSWERS 100- SOLVED (Newest 2025)

OHIO LIFE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS A life insurance company has transferred some of its risk to another insure. The insurer assuming the risk is called - correct answer all of the following are examples of business continuation plan except - correct answer Deffered Compensation All of these are valid options for an Adjustable Life Policy EXCEPT The policy's premium can be increased or decreased The policy's death benefit can be increased or decreased A no...

ohio life insurance exam Questions and Answers (2024 / 2025) (Verified Answers) Return of Premium Rider (increasing term insurance) - CORRECT ANSWER insured buys an increasing amount of term insurance that always equals the total amount of premiums paid to date Return of Cash Value Rider (increasing term insurance0 - CORRECT ANSWER Pays an amount equal to the cash value along with th