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Ohio Department of Insurance OH-Life-Agent-Series-11-44 Actual Questions

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Question 24

Upon the divorce of an insured who designated their spouse as the beneficiary, which of the following actions will result?

Options:

A.

the insured must pay 50% of the premiums paid to the spouse named as the beneficiary

B.

the spouse designated as beneficiary will remain an irrevocable beneficiary

C.

the designation of the spouse as a beneficiary is revoked

D.

the policy will automatically be terminated

Question 25

The type of insurance used to indemnify a firm for the loss of earnings brought about by the death or disability of an officer or other significant employee Is

Options:

A.

business continuation life.

B.

business overhead.

C.

key person.

D.

employee welfare.

Question 26

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

Options:

A.

the interest exists at the time of death.

B.

the interest exists at the time of application.

C.

any type of distant family relationship exists with the insured party.

D.

any type of business relationship exists between the insured party and the beneficiary.

Question 27

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

Options:

A.

Cash withdrawal.

B.

A loan from the policy.

C.

Surrender of the policy.

D.

Decrease In the coverage amount.

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Selected OH-Life-Agent-Series-11-44 OHIO Life Insurance Questions Answers, Legit OH-Life-Agent-Series-11-44 Exam Download, Free OH-Life-Agent-Series-11-44 Ohio Department of Insurance Updates, Ohio Department of Insurance OH-Life-Agent-Series-11-44 Online Access, Ohio Department of Insurance OH-Life-Agent-Series-11-44 Actual Questions, PDF OH-Life-Agent-Series-11-44 Study Guide,
Exam Code: OH-Life-Agent-Series-11-44
Exam Name: OHIO Life Insurance Agent Series 11-44
Last Update: Dec 22, 2024
Questions: 105
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