Authentic OH-Life-Agent-Series-11-44 Dumps With 100% Passing Rate Practice Tests Dumps [Q32-Q46] : Valid Premium Exam : http://premium.validexam.com

QUESTION 32
All the following policies qualify for a 1035 Exchange EXCEPT

a whole life policy to another whole life policy.

a whole life policy to an annuity.

an annuity to another annuity.

an annuity to a whole life policy.

QUESTION 33
Insurers do business in Ohio only after a thorough financial review. Most insurance policies written in Ohio
are protected by the Guaranty Association established to protect policy owners In the event an admitted
company

cannot meet it’s capital surplus requirements.

merges with a foreign insurer.

becomes financially insolvent.

depletes its loss reserves.

QUESTION 34
The grace period is a period of time

between the death of the insured individual and the payment of the benefits.

after the premium is paid and before the policy is issued.

after the premium is received and before the policy is issued.

after the premium is due but while the policy remains in force.

QUESTION 35
Which Is the name of the policy that combines a universal life policy with investment choices?

Interest-sensitive universal life policy.

Straight universal life policy.

Variable universal life policy.

Flexible universal life policy.

QUESTION 36
An annuitant dies during the accumulation period. What happens to the cash value in the annuity?

The cash value is paid to the beneficiary.

The cash value is paid into the estate.

The cash value is paid to the IRS.

The company keeps the cash value.

QUESTION 37
An applicant would be charged a higher premium for a life Insurance policy if they were

younger.

older.

married.

deaf.

QUESTION 38
An immediate annuity begins making payments after the

policyholder suffers a disability.

first premium has been paid.

policy has been in force for one year.

policy reaches its maturation date.

QUESTION 39
An insured wants to purchase a policy with three key elements: flexible premium, death benefit, and the choice
of mutual funds where the cash value will be Invested In a separate account. The Insured should purchase

universal life.

adjustable life.

variable universal life.

graded premium whole life.

QUESTION 40
Which of the following represents a syndicate of underwriters that specialize in Insuring specific types of risk?

reciprocal insurer

Lloyd’s association

risk retention group

fraternal benefit society

QUESTION 41
An Insurer would consider which of the following In determining whether to accept a group life plan?

Grace period

Beneficiary

Average age

Dependents

QUESTION 42
Under an executive bonus plan, premiums paid by the employer are

reported as taxable income to the employee.

tax deductible to both the employee and employer.

reported as taxable Income to the employer.

only tax deductible when the bonus is an insurance plan.

QUESTION 43
Making a statement that is false and maliciously critical of the financial condition of an insurer is known as

coercion.

defamation.

intimidation.

misrepresentation.

QUESTION 44
If an agent does NOT send a refund to a policyholder within an expectable time frame, the agent may

be barred from seeking an appeal.

receive a deduction in commissions.

be charged interest on the refund amount.

have his or her license suspended or revoked.

QUESTION 45
Each of the following are characteristics of a fixed annuity contract EXCEPT

funds are Invested in a separate account.

the minimum interest rate is guaranteed in the contract.

benefit payments remain level.

it may be sold as an immediate or deferred annuity.

QUESTION 46
A policyowner may not pay premiums with which frequency?

Bi-weekly

Monthly

Quarterly

Semi-annually