Passed Exam Today OH-Life-Agent-Series-11-44

OHIO Life Insurance Agent Series 11-44 Questions and Answers

Question 21

Which of the following is a characteristic of a contract of adhesion?

Options:

Each party is entitled to rely on others' representations.

The Insurer agrees to pay a stated sum regardless of loss.

The terms must be accepted or rejected in full.

The insurer's obligations are dependent upon certain acts of the insured individual.

Question 22

Rob, Joe, and Mike are brothers who have a $60,000 "first-to-die" Joint life policy covering all three of their lives. If Joe dies first, the policy proceeds

Options:

will not provide further insurance protection.

must be shared equally by Rob and Joe's wife.

will accumulate with interest until another brother dies and then be awarded to the surviving brother.

must be awarded to Joe's estate.

Question 23

What law do all Insurers and their agents need to comply with In regards to Information being obtained from a third party concerning the applicant?

Options:

Dodd Frank Act

McCarran-Ferguson Act

Fair Credit Reporting Act

Unauthorized Insurers Service of Process Act

Question 24

Statements by an applicant concerning personal health history, family health history, occupation, and hobbies are referred to as

Options:

depictions.

certifications.

representations.

personal characteristics.

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Passed Exam Today OH-Life-Agent-Series-11-44

OHIO Life Insurance Agent Series 11-44 Questions and Answers

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CompTIA

Fortinet

Microsoft

Salesforce