Helping Hand Questions for OH-Life-Agent-Series-11-44

OHIO Life Insurance Agent Series 11-44 Questions and Answers

Question 5

Under Ohio insurance laws, what must a licensee do prior to operating under an assumed business name?

notify the superintendent

notify all prospective insureds

obtain approval from the insurer

notify the National Association of Insurance Commissioners

Question 6

Something that increases the probability of loss is called

a risk.

a peril.

a hazard.

an exposure.

Question 7

Which Is the name of the policy that combines a universal life policy with investment choices?

Interest-sensitive universal life policy.

Straight universal life policy.

Variable universal life policy.

Flexible universal life policy.

Question 8

Deliberate withholding of material facts that would affect the validity of an Insurance policy or a claim under the policy Is known as

slanting.

concealment.

misrepresentation.

aleatory contract.