OH-Life-Agent-Series-11-44 Practice Online

Question 1

Insurance agents have duties and responsibilities to the insured and the insurer. Which of the following responsibilities does an agent owe the insured during the policy year?

A : Help the insured file and follow up on claims.

B : Notify the insurance department when claims are paid.

C : Work with rating bureaus to establish insurer ratings.

D : Pay the insured's premiums if they are unable to do so.

Answer: A

Question 2

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

A : Credit Life.

B : Modified Life.

C : Adjustable Life.

D : Term Life.

Answer: C

Question 3

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

A : accelerate the benefits under the policy.

B : are not treated as taxable income.

C : are subject to Federal estate tax.

D : generate nontaxable interest income.

Answer: B

Question 4

All the following riders can Increase the death benefit amount EXCEPT

A : Cost of Living.

B : Waiver of Premium.

C : Accidental Death Rider.

D : Guaranteed Insurability.

Answer: C

Question 5

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

A : absolute statements.

B : misrepresentations.

C : representations

D : warranties

Answer: C

Name:	OHIO Life Insurance Agent Series 11-44
Exam Code:	OH-Life-Agent-Series-11-44
Certification:	OHIO Life Insurance
Vendor:	Ohio Department of Insurance
Total Questions:	106
Last Updated:	May 16, 2024

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