OHIO SERIES 11-35 EXAM
A life insurance company has transferred some of its risks to another reinsure -
ANSWERS-Reinsurer
In contrast to a guaranteed renewable policy, a noncancellable policy - ANSWERS-
May never raise premiums
The term which describes the fact that both parties of a contract may NOT receive
the same value is referred to as - ANSWERS-Aleatory
A life insurance company has transferred some of its risks to another reinsure -
ANSWERS-Reinsurer
In contrast to a guaranteed renewable policy, a noncancellable policy - ANSWERS-
May never raise premiums
The term which describes the fact that both parties of a contract may NOT receive
the same value is referred to as - ANSWERS-Aleatory
A provision that allows a policy owner to withdraw a policy's cash value interest
free is - ANSWERS-Partial surrender
A life insurance company has transferred some of its risks to another reinsure -
ANSWERS-Reinsurer
In contrast to a guaranteed renewable policy, a noncancellable policy - ANSWERS-
May never raise premiums
The term which describes the fact that both parties of a contract may NOT receive
the same value is referred to as - ANSWERS-Aleatory
A life insurance company has transferred some of its risks to another reinsure -
ANSWERS-Reinsurer
In contrast to a guaranteed renewable policy, a noncancellable policy - ANSWERS-
May never raise premiums
The term which describes the fact that both parties of a contract may NOT receive
the same value is referred to as - ANSWERS-Aleatory
A provision that allows a policy owner to withdraw a policy's cash value interest
free is - ANSWERS-Partial surrender
