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OH-Life-Agent-Series-11-44 Exam Dumps - OHIO Life Insurance Agent Series 11-44

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Question # 25

After the hearing, if the insurance superintendent has determined a licensee has committed a violation of Ohio Insurance Laws, what can the insurance superintendent do?

A.

impose an administrative penalty

B.

suspend the licensee s premium accounts

C.

immediately terminate insurer appointments

D.

sentence the licensee up to 30 days in jail

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Question # 26

An Insurer would consider which of the following In determining whether to accept a group life plan?

A.

Grace period

B.

Beneficiary

C.

Average age

D.

Dependents

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Question # 27

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

A.

absolute statements.

B.

misrepresentations.

C.

representations.

D.

warranties.

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Question # 28

What type of insurance is the cheapest option to pay off a 30-year mortgage balance?

A.

Increasing term insurance.

B.

Decreasing term insurance.

C.

Level term insurance.

D.

Variable life insurance.

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Question # 29

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

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Question # 30

What is the approach to assessing the consumer's need for life insurance that focuses on an individual's future stream of income?

A.

Needs approach

B.

Affordability approach

C.

Human Life Value approach

D.

Return of Investment approach

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Question # 31

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.

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