Risks are generally NOT Insurable if
An exposure Is a condition or situation that presents the possibility of
An annuitant dies during the accumulation period. What happens to the cash value in the annuity?
An Insurer would consider which of the following In determining whether to accept a group life plan?
An agent's actions or deeds demonstrate what kind of authority?
Which activity does NOT require an Insurance agent's license?
Making a statement that is false and maliciously critical of the financial condition of an insurer is known as
The most common use of a group life insurance policy is to insure
Generally, If a life application Is NOT prepaid, the effective date of coverage begins on the date the
Which of the following represents a syndicate of underwriters that specialize in Insuring specific types of risk?
The proposed insured's statements on a life insurance application are considered to be
Which of the following plans will provide a death benefit to the policy's beneficiary Income tax free?
An Individual buys an annuity that will pay her spouse an income for 20 years. If the spouse dies within that time, the Income will be paid to their children for the remainder of the period. What kind of annuity did the Insured buy?
All the following policies qualify for a 1035 Exchange EXCEPT
After a request has been received for verification of coverage from a viatical settlement provider, an insurance company authorized to do business shall respond within:
As a form of level premium permanent Insurance, ordinary life Insurance accumulates a reserve that eventually
In reference to life Insurance in contract law, a person MOST likely will have an insurable interest in insuring a person's life If
An Insured owns a whole life policy that has accumulated cash value. Which of the following statements Is true about the policy's cash value?
Insurance agents have duties and responsibilities to the insured and the insurer. Which of the following responsibilities does an agent owe the insured during the policy year?
A policyowner may choose to have his/her life insurance policy dividends do all of the following EXCEPT
The purpose of insurance Is to
Competency of an Individual to enter into an Insurance contract is determined based on
Upon annuitization, which of the following will have the HIGHEST monthly payout?
Insurers do business in Ohio only after a thorough financial review. Most insurance policies written in Ohio are protected by the Guaranty Association established to protect policy owners In the event an admitted company
Under Ohio insurance laws, what must a licensee do prior to operating under an assumed business name?
Statements by an applicant concerning personal health history, family health history, occupation, and hobbies are referred to as
Loans may generally be obtained against the cash value of a personal life Insurance policy and policy loan proceeds
An insured has a 5-year Renewable Term Life Insurance Policy. Upon exercising the renewable privilege, the Insured MUST
Which of the following is a characteristic of a contract of adhesion?
What annuity payout option has no additional payouts regardless of when the annuitant dies?
Upon the divorce of an insured who designated their spouse as the beneficiary, which of the following actions will result?