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?
Competency of an Individual to enter into an Insurance contract is determined based on
Which of the following is a life insurance contract written on the life of an individual?
In Ohio, an agent must be appointed by the Insurer within how many days from the date the agency contract Is executed, or the first Insurance application Is submitted?
Under Ohio insurance laws, what must a licensee do prior to operating under an assumed business name?
The PRIMARY reason for purchasing life Insurance Is to provide
At what age can an Individual begin to receive distributions from an IRA without a tax penalty?
Without written consent, a policyowner CANNOT change the beneficiary If he has named
Each of the following are characteristics of a fixed annuity contract EXCEPT
An agent qualified to sell variable products in Ohio must report each of the following to the superintendent of Insurance 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:
Which nonforfeiture option allows the policyowner to purchase less coverage for life?
The settlement option that allows proceeds to remain with the Insurer and the earnings to be paid to the beneficiary on a monthly basis is called
All of the following statements regarding a group annuity are correct, EXCEPT
Kelvin is receiving tax deferred growth until retirement. In what phase would Kelvin's annuity be?
Falsifying the terms, benefits, advantages, or conditions of an insurance policy Is an example of which of the following?
Reinsurers are a specialized branch of the insurance industry because they
An insured has a 5-year Renewable Term Life Insurance Policy. Upon exercising the renewable privilege, the Insured MUST
The purpose of insurance Is to
Under the children's term rider, what occurs when a child reaches the specified age? He or she
In which of the following fixed annuity features Is the surrender value tied to Interest rates?
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?
If an agent does NOT send a refund to a policyholder within an expectable time frame, the agent may
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
Which of the following individuals has the right to name a beneficiary?
What is the approach to assessing the consumer's need for life insurance that focuses on an individual's future stream of income?
An Insurer would consider which of the following In determining whether to accept a group life plan?
An agent's underwriting duties Include which of the following?
The period after an annuity Is purchased but before distributions begin Is referred to as the
Generally, If a life application Is NOT prepaid, the effective date of coverage begins on the date the
After the hearing, if the insurance superintendent has determined a licensee has committed a violation of Ohio Insurance Laws, what can the insurance superintendent do?