True Life Agent Series 11-44 Dumps (V8.02) for Right OHIO Life Insurance Agent Series 11-44 Exam Preparation

1. Which of the following is a provision in an interest-sensitive life policy which allows the policyowner to withdraw the policy's cash value Interest free?

2. The proposed insured's statements on a life insurance application are considered to be

3. In Ohio, an agent must be appointed by the Insurer within how many days from the date the agency contract Is executed, or the first Insurance application Is submitted?

4. An insured wants to purchase a policy with three key elements: flexible premium, death benefit, and the choice of mutual funds where the cash value will be Invested In a separate account. The Insured should purchase

5. Contributions made to a Roth IRA are

6. Statements by an applicant concerning personal health history, family health history, occupation, and hobbies are referred to as

7. Under what circumstances must an agent provide his or her business records to the superintendent of Insurance?

8. What does a limited payment whole life policy provide?

9. Each of the following are characteristics of a fixed annuity contract EXCEPT

10. A policyowner may not pay premiums with which frequency?

11. After a request has been received for verification of coverage from a viatical settlement provider, an insurance company authorized to do business shall respond within:

12. An agent's actions or deeds demonstrate what kind of authority?

13. An insured owns a whole life insurance policy on himself. He would also like coverage for his minor son and/or daughter. One way the Insured can accomplish this goal Is to purchase a

14. Under the children's term rider, what occurs when a child reaches the specified age? He or she

15. Insurers do business in Ohio only after a thorough financial review. Most insurance policies written in Ohio are protected by the Guaranty Association established to protect policy owners In the event an admitted company

16. An Insurer would consider which of the following In determining whether to accept a group life plan?

17. Under an executive bonus plan, premiums paid by the employer are

18. Upon the divorce of an insured who designated their spouse as the beneficiary, which of the following actions will result?

19. It is unlawful for a person to provide an advertisement which

20. While texting and driving, an Insured loses control of the vehicle and hits a tree. The resulting collision Is

21. Which of the following statements is TRUE regarding a waiver of premium rider?

22. When a policy owner requests a partial surrender from her Universal Life Policy she Is requesting which of the following?

23. The accumulated cash value of a whole life insurance policy becomes the

24. An insured has a 5-year Renewable Term Life Insurance Policy. Upon exercising the renewable privilege, the Insured MUST

25. Rob, Joe, and Mike are brothers who have a $60,000 "first-to-die" Joint life policy covering all three of their lives. If Joe dies first, the policy proceeds

26. Which of the following individuals has the right to name a beneficiary?

27. Which of the following dividend options is taxable?

28. Which rider would allow additional insurance to be purchased at specified dates or events, without additional underwriting?

29. Deliberate withholding of material facts that would affect the validity of an Insurance policy or a claim under the policy Is known as

30. The premium mode defines the

31. After the hearing, if the insurance superintendent has determined a licensee has committed a violation of Ohio Insurance Laws, what can the insurance superintendent do?

32. If an Insured under a life insurance policy dies with an outstanding loan balance then the death benefit will

33. At what age can an Individual begin to receive distributions from an IRA without a tax penalty?

34. When a beneficiary Inherits a traditional IRA, which of the following Is TRUE about taxation when the money is withdrawn? The beneficiary pays

35. Which of the following statements BEST describes a single premium cash value policy?

36. The Group Life Underwriting risk selection process helps protect Insurers from

37. Which of the following represents a syndicate of underwriters that specialize in Insuring specific types of risk?

38. In reference to life Insurance in contract law, a person MOST likely will have an insurable interest in insuring a person's life If

39. The settlement option that allows proceeds to remain with the Insurer and the earnings to be paid to the beneficiary on a monthly basis is called

40. All the following riders can Increase the death benefit amount EXCEPT