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Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions:
1. An insured has chosen to receive the payout from her husband's life insurance policy so that she will receive
an Income for the next 10 years. At the end of that time, the entire proceeds from the policy will have been
paid out. The insured has selected which option?
A) Life income.
B) Fixed amount.
C) Fixed period.
D) Interest only.
2. The structure of a credit life insurance policy does NOT allow for
A) conversion privileges.
B) group policies.
C) Individual policies.
D) coverage amount to match the loan amount.
3. 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:
A) 45 calendar days
B) 90 calendar days
C) 30 calendar days
D) 60 calendar days
4. An insured owns a whole life insurance policy on himself. He would also like coverage for his minor son
and/or daughter. One way the Insured can accomplish this goal Is to purchase a
A) child term rider.
B) famitp maintenance rider.
C) guaranteed insurability rider.
D) family income rider.
5. Which of the following is a provision in an interest-sensitive life policy which allows the policyowner to
withdraw the policy's cash value Interest free?
A) Partial Surrender.
B) Waiver of Premium.
C) Spendthrift Clause.
D) Automatic Premium Loan.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: A |






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