1|Page
Ohio Life, Accident & Health Insurance Exam (Series
11-35), Life Insurance Basics Complete Test , Practice
Questions, ||Verified Exam!!Verified Answer Key, and
Study Guide for 2026 Edition, Actual Complete Real
Exam Questions And Answers!!!
What type of report provides information about an
applicant's hobbies, habits, and financial status? -
Answers-Investigative consumer report
What are the three factors that determine the premium for
a particular life insurance policy? - Answers-Mortality,
interest, expense
How does the premium mode affect the total premium paid
for insurance for the year? - Answers-Higher frequency of
payments will result in higher overall premium
Can insurers advertise the existence of the guaranty
association during solicitation and sale of insurance
policies? - Answers-No, advertising the existence of the
guaranty association for the purposes of solicitation and
sale of insurance policies by the insurer is an illegal
business practice
, 2|Page
What is the term that describes the frequency and amount
of the premium payment - Answers-Premium mode
If an applicant for a life insurance policy and the potential
insured are two different people, what would be the
underwriter's main concern? - Answers-The existence of
insurable interest
A business is the owner and beneficiary of a key-person
life policy. When the business collects the policy benefit,
how is it taxed? - Answers-The benefit is received tax free
What document describes the specific information about a
policy? - Answers-Policy summary
Mortality tables are used by insurance companies to
predict what? - Answers-Life expectancy and death rates
for specific groups of individuals
What are illustrations in a life insurance policy? - Answers-
Presentations of non guaranteed elements in the policy
Ohio Life, Accident & Health Insurance Exam (Series
11-35), Life Insurance Basics Complete Test , Practice
Questions, ||Verified Exam!!Verified Answer Key, and
Study Guide for 2026 Edition, Actual Complete Real
Exam Questions And Answers!!!
What type of report provides information about an
applicant's hobbies, habits, and financial status? -
Answers-Investigative consumer report
What are the three factors that determine the premium for
a particular life insurance policy? - Answers-Mortality,
interest, expense
How does the premium mode affect the total premium paid
for insurance for the year? - Answers-Higher frequency of
payments will result in higher overall premium
Can insurers advertise the existence of the guaranty
association during solicitation and sale of insurance
policies? - Answers-No, advertising the existence of the
guaranty association for the purposes of solicitation and
sale of insurance policies by the insurer is an illegal
business practice
, 2|Page
What is the term that describes the frequency and amount
of the premium payment - Answers-Premium mode
If an applicant for a life insurance policy and the potential
insured are two different people, what would be the
underwriter's main concern? - Answers-The existence of
insurable interest
A business is the owner and beneficiary of a key-person
life policy. When the business collects the policy benefit,
how is it taxed? - Answers-The benefit is received tax free
What document describes the specific information about a
policy? - Answers-Policy summary
Mortality tables are used by insurance companies to
predict what? - Answers-Life expectancy and death rates
for specific groups of individuals
What are illustrations in a life insurance policy? - Answers-
Presentations of non guaranteed elements in the policy
