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OHIO Life Insurance Agent Series 11-44

Last Update 14 hours ago Total Questions : 105

The OHIO Life Insurance Agent Series 11-44 content is now fully updated, with all current exam questions added 14 hours ago. Deciding to include OH-Life-Agent-Series-11-44 practice exam questions in your study plan goes far beyond basic test preparation.

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Question # 4

An Individual buys an annuity that will pay her spouse an income for 20 years. If the spouse dies within that time, the Income will be paid to their children for the remainder of the period. What kind of annuity did the Insured buy?

A.

Life annuity with period certain

B.

Joint life and survivorship annuity

C.

Joint life annuity

D.

Temporary annuity certain

Question # 5

The premium mode defines the

A.

premium limit.

B.

premium amount.

C.

frequency of the premium payment.

D.

method of premium payment.

Question # 6

What law do all Insurers and their agents need to comply with In regards to Information being obtained from a third party concerning the applicant?

A.

Dodd Frank Act

B.

McCarran-Ferguson Act

C.

Fair Credit Reporting Act

D.

Unauthorized Insurers Service of Process Act

Question # 7

Falsifying the terms, benefits, advantages, or conditions of an insurance policy Is an example of which of the following?

A.

Forgery

B.

Coercion

C.

Concealment

D.

Misrepresentation

Question # 8

Which nonforfeiture option allows the policyowner to purchase less coverage for life?

A.

Reduced Paid-Up Insurance.

B.

Cash Surrender Value.

C.

Settlement Value.

D.

Extended Term.

Question # 9

Reinsurers are a specialized branch of the insurance industry because they

A.

provide insurance to otherwise uninsurable individuals.

B.

provide alternative means.

C.

Insure insurers.

D.

keep premiums low.

Question # 10

To avoid tax consequences, a rollover from a Traditional IRA to another IRA MUST be done within

A.

30 days.

B.

45 days.

C.

60 days.

D.

90 days.

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