Ohio Life, Accident & Health Insurance
Exam (Series 11-35), General
Insurance Exam (2026) UPDATE
Verified Questions And Answers | With
100% Correct Answers graded A+
Guaranteed Success!!
The requirement that agents must account for and properly remit all insurance funds collected
is known as what type of agency? - ( answers)Fiduciary
What document is required for an insurance company to transact insurance? - (
answers)Certificate of Authority
In forming an insurance contract, when does acceptance usually occur? - ( answers)When the
insurer approves a prepaid application
If an insurer meets all the state's financial requirements and is approved to transact business in
the state, it is considered what kind of insurer? - ( answers)Authorized/Admitted
A situation in which a person can only experience a loss and no gains presents what type of
risk? - ( answers)Pure risk
In the agent/insurer relationship, who is considered the principal? - ( answers)The insurer
What two elements are necessary for a life insurance contract to have a legal purpose? - (
answers)Insurable interest & consent
1
, Whose responsibility is it to determine that all the questions on an insurance application are
answered? - ( answers)The agent's
In insurance, when is the offer usually made on a contract? - ( answers)When the insurance
application is submitted
What is a warranty in an insurance contract? - ( answers)Information that is guaranteed to be
true
If an applicant does not receive his or her insurance policy, who is to be held responsible? - (
answers)The agent
When would a misrepresentation on an insurance application be considered fraud? - (
answers)When it is intentional and material
When does an insurance policy go into effect? - ( answers)When the policy is delivered and the
premium is paid
What are the four elements of an insurance contract? - ( answers)Agreement (offer and
acceptance), consideration, competent parties, legal purpose
What entities make up the Medical Information Bureau? - ( answers)Insurers
What are the three types of agent authority? - ( answers)Express, implied, apparent
According to the Law of Agency, a principal is represented by whom? - ( answers)An
agent/producer
2
Exam (Series 11-35), General
Insurance Exam (2026) UPDATE
Verified Questions And Answers | With
100% Correct Answers graded A+
Guaranteed Success!!
The requirement that agents must account for and properly remit all insurance funds collected
is known as what type of agency? - ( answers)Fiduciary
What document is required for an insurance company to transact insurance? - (
answers)Certificate of Authority
In forming an insurance contract, when does acceptance usually occur? - ( answers)When the
insurer approves a prepaid application
If an insurer meets all the state's financial requirements and is approved to transact business in
the state, it is considered what kind of insurer? - ( answers)Authorized/Admitted
A situation in which a person can only experience a loss and no gains presents what type of
risk? - ( answers)Pure risk
In the agent/insurer relationship, who is considered the principal? - ( answers)The insurer
What two elements are necessary for a life insurance contract to have a legal purpose? - (
answers)Insurable interest & consent
1
, Whose responsibility is it to determine that all the questions on an insurance application are
answered? - ( answers)The agent's
In insurance, when is the offer usually made on a contract? - ( answers)When the insurance
application is submitted
What is a warranty in an insurance contract? - ( answers)Information that is guaranteed to be
true
If an applicant does not receive his or her insurance policy, who is to be held responsible? - (
answers)The agent
When would a misrepresentation on an insurance application be considered fraud? - (
answers)When it is intentional and material
When does an insurance policy go into effect? - ( answers)When the policy is delivered and the
premium is paid
What are the four elements of an insurance contract? - ( answers)Agreement (offer and
acceptance), consideration, competent parties, legal purpose
What entities make up the Medical Information Bureau? - ( answers)Insurers
What are the three types of agent authority? - ( answers)Express, implied, apparent
According to the Law of Agency, a principal is represented by whom? - ( answers)An
agent/producer
2
