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OHIO LIFE EXAM 11-44 EXAM
QUESTIONS AND ANSWERS 2025
Which of the following would be sufficient violation to warrant
rejection, revocation, or suspension of an insurance agent's
license?
1) a moving violation ticket
2) a denied license in another state
3) acting as a fiduciary
4) an unintentional misrepresentation of the terms of a contract
- correct answer- 2) a denied license in another state
What method do insurers use to protect themselves against
catastrophic losses?
1) pro rata liability
2) risk management
3) reinsurance
4) indemnity - correct answer- 3) reinsurance
All of the following are true about variable products EXCEPT:
1) the cash value is not guaranteed
2) policy owners bear the investment risk
3) the premiums are invested in the insurer's general account
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4) the minimum death benefit is guaranteed - correct answer-
3) the premiums are invested in the insurer's general account
All of the following are characteristics of a group life insurance
plan EXCEPT:
1) the participants receive a Certificate of Insurance as their
proof of insurance
2) a minimum number of participants is required in order to
underwrite the plan
3) the cost of the plan is determined by the average age of the
group
4) there is a requirement to prove insurability on the part of the
participants - correct answer- 4) there is a requirement to prove
insurability on the part of the participants
Which of the following allows the insurer to relieve a minor
insured from premium payments if the minor's parents have
died or become disabled?
1) waiver of premium
2) payor benefit
3) humping juvenile
4) juvenile premium provision - correct answer- 2) payor benefit
Which of the following will be included in a policy summary?
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1) copies of illustrations and application
2) comparisons with similar policies
3) primary and secondary beneficiary designations
4) premium amounts and surrender values - correct answer- 4)
premium amounts and surrender values
A viatical settlement is arranged between a viatical company
and a/an:
1) terminally ill insured
2) insurance producer
3) beneficiary
4) lender - correct answer- 1) terminally ill insured
An insured owns a term policy with a guaranteed renewable
option. When the end of the policy draws near, the insured
answers medical questions in order to prove insurability and
qualifies for a discounted premium rate. Which option best
describes this scenario?
1) preferred premium reduction
2) contract review
3) revision of consideration
4) re-entry - correct answer- 4) re-entry
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If a settlement option is not chosen by the policyowner or the
beneficiary, which option will be used?
1) life income
2) fixed period
3) fixed amount
4) lump sum - correct answer- 4) lump sum
When çalculating the amount a policyowner may borrow from a
variable life policy, what must be
subtracted from the policy's cash value?
1) outstanding loans and interest
2) the face amount
3) mortality costs
4) the cash surrender amount - correct answer- 1) outstanding
loans and interest
The rider in a whole life policy that allows the company to forgo
collecting the premium if the insured is disabled is called:
1) waiver of cost of insurance
2) payor benefit
3) waiver of premium
4) guaranteed insurability - correct answer- 3) waiver of
premium
OHIO LIFE EXAM 11-44 EXAM
QUESTIONS AND ANSWERS 2025
Which of the following would be sufficient violation to warrant
rejection, revocation, or suspension of an insurance agent's
license?
1) a moving violation ticket
2) a denied license in another state
3) acting as a fiduciary
4) an unintentional misrepresentation of the terms of a contract
- correct answer- 2) a denied license in another state
What method do insurers use to protect themselves against
catastrophic losses?
1) pro rata liability
2) risk management
3) reinsurance
4) indemnity - correct answer- 3) reinsurance
All of the following are true about variable products EXCEPT:
1) the cash value is not guaranteed
2) policy owners bear the investment risk
3) the premiums are invested in the insurer's general account
,2 | Page
4) the minimum death benefit is guaranteed - correct answer-
3) the premiums are invested in the insurer's general account
All of the following are characteristics of a group life insurance
plan EXCEPT:
1) the participants receive a Certificate of Insurance as their
proof of insurance
2) a minimum number of participants is required in order to
underwrite the plan
3) the cost of the plan is determined by the average age of the
group
4) there is a requirement to prove insurability on the part of the
participants - correct answer- 4) there is a requirement to prove
insurability on the part of the participants
Which of the following allows the insurer to relieve a minor
insured from premium payments if the minor's parents have
died or become disabled?
1) waiver of premium
2) payor benefit
3) humping juvenile
4) juvenile premium provision - correct answer- 2) payor benefit
Which of the following will be included in a policy summary?
,3 | Page
1) copies of illustrations and application
2) comparisons with similar policies
3) primary and secondary beneficiary designations
4) premium amounts and surrender values - correct answer- 4)
premium amounts and surrender values
A viatical settlement is arranged between a viatical company
and a/an:
1) terminally ill insured
2) insurance producer
3) beneficiary
4) lender - correct answer- 1) terminally ill insured
An insured owns a term policy with a guaranteed renewable
option. When the end of the policy draws near, the insured
answers medical questions in order to prove insurability and
qualifies for a discounted premium rate. Which option best
describes this scenario?
1) preferred premium reduction
2) contract review
3) revision of consideration
4) re-entry - correct answer- 4) re-entry
, 4 | Page
If a settlement option is not chosen by the policyowner or the
beneficiary, which option will be used?
1) life income
2) fixed period
3) fixed amount
4) lump sum - correct answer- 4) lump sum
When çalculating the amount a policyowner may borrow from a
variable life policy, what must be
subtracted from the policy's cash value?
1) outstanding loans and interest
2) the face amount
3) mortality costs
4) the cash surrender amount - correct answer- 1) outstanding
loans and interest
The rider in a whole life policy that allows the company to forgo
collecting the premium if the insured is disabled is called:
1) waiver of cost of insurance
2) payor benefit
3) waiver of premium
4) guaranteed insurability - correct answer- 3) waiver of
premium
