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Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions:
1. Making a statement that is false and maliciously critical of the financial condition of an insurer is known as
A) coercion.
B) intimidation.
C) misrepresentation.
D) defamation.
2. Which of the following statements BEST describes a single premium cash value policy?
A) It requires the policyowner to pay one premium annually.
B) It waives one future premium if the owner becomes disabled.
C) It provides for only one premium to be paid without evidence of insurability.
D) It requires only one payment to make the policy paid up.
3. Which of the following is a provision in an interest-sensitive life policy which allows the policyowner to
withdraw the policy's cash value Interest free?
A) Automatic Premium Loan.
B) Spendthrift Clause.
C) Waiver of Premium.
D) Partial Surrender.
4. An insured owns a whole life insurance policy on himself. He would also like coverage for his minor son
and/or daughter. One way the Insured can accomplish this goal Is to purchase a
A) child term rider.
B) famitp maintenance rider.
C) guaranteed insurability rider.
D) family income rider.
5. 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
A) employee welfare.
B) key person.
C) business continuation life.
D) business overhead.
Solutions:
Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: B |
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