Ohio Life Exam 11-44 QUESTIONS AND ANSWERS 100% SOLVED (Newest 2025) Which of the following would be sufficient violation to warrant rejection, revocation, or suspension of an insurance agent's license?1) a moving violation ticket 2) a denied license in another state 3) acting as a fiduciary 4) an unintentional misrepresentation of the terms of a contract - Correct Answers ✅2) a denied license in another state What method do insurers use to protect themselves against catastrophic losses?1) pro rata liability 2) risk management 3) reinsurance 4) indemnity - Correct Answers ✅3) reinsurance
All of the following are true about variable products EXCEPT:
1) the cash value is not guaranteed 2) policy owners bear the investment risk 3) the premiums are invested in the insurer's general account 4) the minimum death benefit is guaranteed - Correct Answers ✅3) the premiums are invested in the insurer's general account 1 / 4
Ohio Life Exam 11-44 QUESTIONS AND ANSWERS 100% SOLVED (Newest 2025) All of the following are characteristics of a group life
insurance plan EXCEPT:
1) the participants receive a Certificate of Insurance as their proof of insurance 2) a minimum number of participants is required in order to underwrite the plan 3) the cost of the plan is determined by the average age of the group 4) there is a requirement to prove insurability on the part of the participants - Correct Answers ✅4) there is a requirement to prove insurability on the part of the participants Which of the following allows the insurer to relieve a minor insured from premium payments if the minor's parents have died or become disabled?1) waiver of premium 2) payor benefit 3) humping juvenile 4) juvenile premium provision - Correct Answers ✅2) payor benefit Which of the following will be included in a policy summary?1) copies of illustrations and application 2) comparisons with similar policies 2 / 4
Ohio Life Exam 11-44 QUESTIONS AND ANSWERS 100% SOLVED (Newest 2025) 3) primary and secondary beneficiary designations 4) premium amounts and surrender values - Correct Answers ✅4) premium amounts and surrender values A viatical settlement is arranged between a viatical company
and a/an:
1) terminally ill insured 2) insurance producer 3) beneficiary 4) lender - Correct Answers ✅1) terminally ill insured An insured owns a term policy with a guaranteed renewable option. When the end of the policy draws near, the insured answers medical questions in order to prove insurability and qualifies for a discounted premium rate. Which option best describes this scenario?1) preferred premium reduction 2) contract review 3) revision of consideration 4) re-entry - Correct Answers ✅4) re-entry If a settlement option is not chosen by the policyowner or the beneficiary, which option will be used?1) life income 2) fixed period 3 / 4
Ohio Life Exam 11-44 QUESTIONS AND ANSWERS 100% SOLVED (Newest 2025) 3) fixed amount 4) lump sum - Correct Answers ✅4) lump sum When çalculating the amount a policyowner may borrow from a variable life policy, what must be subtracted from the policy's cash value?1) outstanding loans and interest 2) the face amount 3) mortality costs 4) the cash surrender amount - Correct Answers ✅1) outstanding loans and interest The rider in a whole life policy that allows the company to forgo collecting the premium if the insured is disabled is
called:
1) waiver of cost of insurance 2) payor benefit 3) waiver of premium 4) guaranteed insurability - Correct Answers ✅3) waiver of premium if a life policy allows the policyowner to make periodic additions to the face amount at standard rates, without proving insurability, the policy includes a:
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