Ohio Department of Insurance Life Agent Series 11-44 OHIO Life Insurance Agent Series 11-44 Online Training
Ohio Department of Insurance Life Agent Series 11-44 Online Training
The questions for Life Agent Series 11-44 were last updated at Nov 19,2024.
- Exam Code: Life Agent Series 11-44
- Exam Name: OHIO Life Insurance Agent Series 11-44
- Certification Provider: Ohio Department of Insurance
- Latest update: Nov 19,2024
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?
- A . Partial Surrender.
- B . Automatic Premium Loan.
- C . Waiver of Premium.
- D . Spendthrift Clause.
The proposed insured’s statements on a life insurance application are considered to be
- A . absolute statements.
- B . misrepresentations.
- C . representations.
- D . warranties.
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?
- A . 10
- B . 15
- C . 20
- D . 30
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
- A . universal life.
- B . adjustable life.
- C . variable universal life.
- D . graded premium whole life.
Contributions made to a Roth IRA are
- A . partially tax deductible.
- B . not tax deductible.
- C . only tax deductible at age 50 or older.
- D . tax deductible at retirement.
Statements by an applicant concerning personal health history, family health history, occupation, and hobbies are referred to as
- A . depictions.
- B . certifications.
- C . representations.
- D . personal characteristics.
Under what circumstances must an agent provide his or her business records to the superintendent of Insurance?
- A . upon request of an insured
- B . upon request of the superintendent
- C . under no circumstances due to privacy consideration
- D . by authorization from the National Association of Insurance Commissioners (NAIC)
What does a limited payment whole life policy provide?
- A . Protection to age 65.
- B . Life time protection.
- C . A lower premium.
- D . Pure protection.
Each of the following are characteristics of a fixed annuity contract EXCEPT
- A . funds are Invested in a separate account.
- B . the minimum interest rate is guaranteed in the contract.
- C . benefit payments remain level.
- D . it may be sold as an immediate or deferred annuity.
A policyowner may not pay premiums with which frequency?
- A . Bi-weekly
- B . Monthly
- C . Quarterly
- D . Semi-annually
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