Life insurance ohio laws - Study guides, Class notes & Summaries

All Ohio Life Insurance Exam Questions and Answers 100% Pass A condition increasing chance of loss, e.g. icy roads. - Answer- Hazard Immediate event causing loss, e.g. earthquake. - Answer- Peril Potential for loss. - Answer- Risk Presents chance for loss or gain, e.g. gambling. - Answer- Speculative Risk Insurable risk with potential for loss only, e.g. illness. - Answer- Pure Risk Criteria for insurable risk, e.g. definite and measurable loss. - Answer- Elements of Insurable Risk Cert...

Life Insurance: Ohio Laws Advanced Test Questions 2024. A licensee who is required to take continuing education must include how many ethics coursework hours? - CORRECT ANSWER 3 When determining whether an annuity is suitable for a client, the agent should ask about which of the following? - CORRECT ANSWER Financial objectives What MUST the company do prior to conducting an HIV related test? - CORRECT ANSWER Obtain a written authorization from the proposed insured The Ohio insurance su...

American Politics and the US Constitution - C963 WGU Correctly Solved 2023 natrual rights ->>Life, Liberty, and Property John Locke ->>17th century English philosopher who opposed the Divine Right of Kings and who asserted that people have a natural right to life, liberty, and property. State of Nature ->>Hypothetical condition assumed to exist in the absence of government where human beings live in "complete" freedom and general equality. Due Process ->>involves th...

What is the purpose of the Ohio Life and Health Insurance Guaranty Association Act? - ️️to protect the insured from company insolvency A licensee who is required to take continuing education must include how many ethics coursework hours? - ️️3 What MUST the company do prior to conducting an HIV related test? - ️️Obtain a written authorization from the proposed insured The Ohio insurance superintendent is appointed to office and has all of the following powers and duties EXCEPT...

Ohio Laws And Rules Practice Exam Questions 2024. Ohio requires a licensee to complete _____ hours of continuing education hours each licensing period. - CORRECT ANSWER 24 hours of continuing education credit hours every 2 years. When an agent is replacing an existing ordinary life insurance policy, the agent must take all of the following actions EXCEPT: - CORRECT ANSWER Obtain the beneficiary's signature. -Exceptions include: Provide the applicant with a copy of the sales proposal...

Absolute Assignment - ANSWER The assignment by the policy owner of all control and rights to a third party. This differs from collateral assignment, which allows all the rights and control to revert to the owner once a loan is paid off Accident - ANSWER A fortuitous event; unforeseen and unintended Accidental Death Insurance - ANSWER A form of health insurance that provides payment if death of the insured results from accident. Accidental death insurance is often combined with dismembermen...

Ohio Real Estate Exam Complete Questions and Answers(Latest Update 2024) Which would a buyer prefer: Land installment contract or purchase money mortgage? - ANSWER purchase money mortgage - the buyer will receive the deed to the property on the day of closing. -A purchase money mortgage does not transfer any title to the buyer; rather, it is a method by which the seller finances the transaction. -In a land installment contract, the buyer does not receive the deed until the final payment i...

BUSI 352 Final Exam | Complete Solutions (Verified) A good financial planning report must include an analysis of all the following except: A. where you are now B. where you want to be C. Why you failed previously D. How to reach your goals Usual financial planning goals include the following except: A. retirement funding B. Current lifestyle C. Career planning D. Estate planning A client's formal Financial planning report that summarizes all of the following except: A. strategy - how the c...

LAWS AND RULES OHIO LIFE AND HEALTH INSURANCE XCEL EXAM |ACTUAL COMPLETE QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS ) ALREADY GRADED A+. LAWS AND RULES OHIO LIFE AND HEALTH INSURANCE XCEL EXAM |ACTUAL COMPLETE QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS ) ALREADY GRADED A+. LAWS AND RULES OHIO LIFE AND HEALTH INSURANCE XCEL EXAM |ACTUAL COMPLETE QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS ) ALREADY GRADED A+. LAWS AND RULES OHIO LIFE AND HEALTH INSURANCE XCEL E...

Ohio Laws and Regulations Insurance Study Guide Exam 2024. an advertisement for an insurance product may contain - CORRECT ANSWER the insurer's name an insurer is required to offer which of the following to each long-term applicant at the time of purchase - CORRECT ANSWER inflation protection the superindendent determines an examination of an insurer's books and records is necessary, after receiving the notification, the insurer - CORRECT ANSWER must not impede the examination term...