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Ohio Life, Accident & Health Insurance Exam (Series 11-35), Life Insurance Basics correct 100%(GRADED A+)
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What type of report provides information about an applicant's hobbies, habits, and financial status? - ANSWER Investigative consumer report What are the three factors that determine the premium for a particular life insurance policy? - ANSWER Mortality, interest, expense How does the premium mode affect the total premium paid for insurance for the year? - ANSWER Higher frequency of payments will result in higher overall premium Can insurers advertise the existence of the guaranty association during solicitation and sale of insurance policies? - ANSWER No, advertising the existence of the guaranty association for the purposes of solicitation and sale of insurance policies by the insurer is an illegal business practice
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