最新のOH-Life-Agent-Series-11-44問題集で試験を準備する

An insured wants to purchase a policy with three key elements: flexible premium, death benefit, and the choice
of mutual funds where the cash value will be Invested In a separate account. The Insured should purchase

• A. graded premium whole life.
• B. adjustable life.
• C. variable universal life.
• D. universal life.

An agent qualified to sell variable products in Ohio must report each of the following to the superintendent of
Insurance EXCEPT

• A. the revocation of an insurance license held in another state.
• B. a felony criminal conviction.
• C. a suspension from the National Association of Securities Dealers.
• D. the sharing of commissions with another qualified agent.

If an agent does NOT send a refund to a policyholder within an expectable time frame, the agent may

• A. be charged interest on the refund amount.
• B. receive a deduction in commissions.
• C. be barred from seeking an appeal.
• D. have his or her license suspended or revoked.

In reference to life Insurance in contract law, a person MOST likely will have an insurable interest in insuring
a person's life If

• A. the interest exists at the time of application.
• B. any type of business relationship exists between the insured party and the beneficiary.
• C. any type of distant family relationship exists with the insured party.
• D. the interest exists at the time of death.

The accumulated cash value of a whole life insurance policy becomes the

• A. face amount payable upon the insured's death.
• B. policy loan value upon which the insured may borrow.
• C. funds used to offset policy administration and conversion expenses.
• D. amount used to purchase paid up additions to the insured's policy.