1|Page
Ohio Life, Accident & Health Insurance Exam ||Verified
Exam!!! (Series 11-35), Life Insurance Policies Exam
study guide || Most Recent Exam Actual Complete
Real Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ ||Newest Exam!!!
an insurance company needs to obtain personal info from
a 3rd part concerning an applicant. which law do all
insurers and their producers need to comply with? -
Answer-fair credit reporting act
time is covered under a group plan and would like to
changed his coverage to an individual policy w the same
insurer bc of employment termination. which of these
describes the change that will take place? -Answer-
conversion
an agents appt has been terminated by insurer. the insurer
must then notify the superintendent within how many days
of the termination? -Answer-30
the suicide clause of a life insurance policy states that if an
insured commits suicide w in a stated period from the
policy inception, the insurer will only be liable for a return
,2|Page
of prisms paid -Answer-minus indebtedness and without
interest
which of the following is considered to be an alternative to
a life settlement? -Answer-accelerated death benefit rider
if the annuitant dies before the annuity start date, -Answer-
the premiums paid plus interest earned will be given to the
beneficiary
a life insurance policy that has premiums fully paid up
within a stated time period is called -Answer-limited
payment insurance
shopping for annuity that guarantees he cannot outlive the
benefits. which of these benefit options would he choose -
Answer-guaranteed lifetime withdrawal benefit
what is medicare part b known as -Answer-supplementary
medical insurance
,3|Page
field underwriting performed by the producer involves -
Answer-completing the application and collecting initial
premium
a life insurance policy which contains cash values that
vary according to its investment performance of stocks is
called -Answer-variable whole life
a life insurance policy owner was injured in an automobile
accident which results in total and permanent disability.
which rider would pay a monthly amount bc of this
disability? -Answer-disability income rider
pierre is covered by his employers group major medical
plan. his employer pays for 75% of the premium and he
pays for 25%. how much would a 10000 benefit be taxable
as income under this plan -Answer-0
what is not an element of a valid contract -Answer-
countersignature
a health insurance policy will typically cover -Answer-
preventative health services
, 4|Page
which settlement option involves having the proceeds
remain with the insurer and earnings paid on a monthly
basis to the beneficiary? -Answer-interest only
A person who is a nonsmoker, of average weight and in
excellent health would most likely be in which risk
classification? -Answer-preferred
Preferred risk policies with reduced premiums are issued
by insurance companies bc the insured has -Answer-
better than average mortality
The waiver of premium does NOT include which
provision? -Answer-Al future premiums are waived if the
insured recovers from the disability
An advertisement for an insurance product may contain -
Answer-the insurer's name
A medicare supplement plan can be canceled by the
insurer -Answer-for nonpayment of premiums
Ohio Life, Accident & Health Insurance Exam ||Verified
Exam!!! (Series 11-35), Life Insurance Policies Exam
study guide || Most Recent Exam Actual Complete
Real Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ ||Newest Exam!!!
an insurance company needs to obtain personal info from
a 3rd part concerning an applicant. which law do all
insurers and their producers need to comply with? -
Answer-fair credit reporting act
time is covered under a group plan and would like to
changed his coverage to an individual policy w the same
insurer bc of employment termination. which of these
describes the change that will take place? -Answer-
conversion
an agents appt has been terminated by insurer. the insurer
must then notify the superintendent within how many days
of the termination? -Answer-30
the suicide clause of a life insurance policy states that if an
insured commits suicide w in a stated period from the
policy inception, the insurer will only be liable for a return
,2|Page
of prisms paid -Answer-minus indebtedness and without
interest
which of the following is considered to be an alternative to
a life settlement? -Answer-accelerated death benefit rider
if the annuitant dies before the annuity start date, -Answer-
the premiums paid plus interest earned will be given to the
beneficiary
a life insurance policy that has premiums fully paid up
within a stated time period is called -Answer-limited
payment insurance
shopping for annuity that guarantees he cannot outlive the
benefits. which of these benefit options would he choose -
Answer-guaranteed lifetime withdrawal benefit
what is medicare part b known as -Answer-supplementary
medical insurance
,3|Page
field underwriting performed by the producer involves -
Answer-completing the application and collecting initial
premium
a life insurance policy which contains cash values that
vary according to its investment performance of stocks is
called -Answer-variable whole life
a life insurance policy owner was injured in an automobile
accident which results in total and permanent disability.
which rider would pay a monthly amount bc of this
disability? -Answer-disability income rider
pierre is covered by his employers group major medical
plan. his employer pays for 75% of the premium and he
pays for 25%. how much would a 10000 benefit be taxable
as income under this plan -Answer-0
what is not an element of a valid contract -Answer-
countersignature
a health insurance policy will typically cover -Answer-
preventative health services
, 4|Page
which settlement option involves having the proceeds
remain with the insurer and earnings paid on a monthly
basis to the beneficiary? -Answer-interest only
A person who is a nonsmoker, of average weight and in
excellent health would most likely be in which risk
classification? -Answer-preferred
Preferred risk policies with reduced premiums are issued
by insurance companies bc the insured has -Answer-
better than average mortality
The waiver of premium does NOT include which
provision? -Answer-Al future premiums are waived if the
insured recovers from the disability
An advertisement for an insurance product may contain -
Answer-the insurer's name
A medicare supplement plan can be canceled by the
insurer -Answer-for nonpayment of premiums
