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Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions (Q37-Q42):
NEW QUESTION # 37
Which of the following is a characteristic of a non-admitted Insurer?
- A. A non-admitted insurer is required to submit rates for approval.
- B. A non-admitted insurer is not afforded protection by the guaranty fund.
- C. A non-admitted insurer is also known as a domestic insurer.
- D. A non-admitted insurer is required to submit forms to the Department of Insurance.
Answer: B
NEW QUESTION # 38
Reinsurers are a specialized branch of the insurance industry because they
- A. provide alternative means.
- B. keep premiums low.
- C. Insure insurers.
- D. provide insurance to otherwise uninsurable individuals.
Answer: C
NEW QUESTION # 39
A policyowner may not pay premiums with which frequency?
- A. Semi-annually
- B. Monthly
- C. Quarterly
- D. Bi-weekly
Answer: D
NEW QUESTION # 40
Extended term Insurance can be selected under which whole life policy provision?
- A. nonforfeiture
- B. cash value
- C. interest-only
- D. settlement
Answer: A
NEW QUESTION # 41
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. 60 calendar days
- B. 45 calendar days
- C. 90 calendar days
- D. 30 calendar days
Answer: B
NEW QUESTION # 42
......
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