[Full-Version] 2024 New OH-Life-Agent-Series-11-44 Actual Exam Dumps, Ohio Department of Insurance Practice Test [Q62-Q79]

QUESTION 62
Loans may generally be obtained against the cash value of a personal life Insurance policy and policy loan
proceeds

QUESTION 63
A policyowner may not pay premiums with which frequency?

QUESTION 64
If an agent does NOT send a refund to a policyholder within an expectable time frame, the agent may

QUESTION 65
Bettie has a $200,000 whole life policy with a $50,000 cash value. She wishes to borrow $30,000 for the
purchase of a new van. Which of the following Is TRUE In this situation?

QUESTION 66
Which of the following policies allows the policyowner to change two policy features?

QUESTION 67
The Group Life Underwriting risk selection process helps protect Insurers from

QUESTION 68
The PRIMARY reason for purchasing life Insurance Is to provide

QUESTION 69
The proposed insured’s statements on a life insurance application are considered to be

QUESTION 70
Under the children’s term rider, what occurs when a child reaches the specified age? He or she

QUESTION 71
When a policy owner requests a partial surrender from her Universal Life Policy she Is requesting which of the
following?

QUESTION 72
Which of the following is a characteristic of a contract of adhesion?

QUESTION 73
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?

QUESTION 74
The purpose of insurance Is to

QUESTION 75
It is unlawful for a person to provide an advertisement which

QUESTION 76
In reference to life Insurance in contract law, a person MOST likely will have an insurable interest in insuring
a person’s life If

QUESTION 77
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?

QUESTION 78
Interest earned on a Traditional IRA is taxed

QUESTION 79
Extended term Insurance can be selected under which whole life policy provision?