OH-Life-Agent-Series-11-44 Exam Dumps - Ohio Department of Insurance OHIO Life Insurance Questions and Answers

upon request of an insured

upon request of the superintendent

under no circumstances due to privacy consideration

by authorization from the National Association of Insurance Commissioners (NAIC)

accelerate the benefits under the policy.

are not treated as taxable income.

are subject to Federal estate tax.

generate nontaxable interest income.

provide evidence of insurability.

renew for at least 10 years.

pay an annual premium that may be higher.

convert to a whole life policy.

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

the spouse designated as beneficiary will remain an irrevocable beneficiary

the designation of the spouse as a beneficiary is revoked

the policy will automatically be terminated

business continuation life.

business overhead.

key person.

employee welfare.

the interest exists at the time of death.

the interest exists at the time of application.

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

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

Cash withdrawal.

A loan from the policy.

Surrender of the policy.

Decrease In the coverage amount.

pays an additional benefit if the policyholder dies as a result of an accident.

allows the policyowner to sell their policy to a third party.

pays a portion of the face amount when a policyowner Is determined to be terminally ill.

pays only in the event of an accident resulting in death.

application is signed.

policy is delivered and accepted.

company underwriter approves the risk.

application is postmarked and mailed to the insurer.

no tax.

an estate tax.

capital gains tax.

income tax.