OHIO LIFE INSURANCE 2026 EXAMINATION
TEST COMPLETE QUESTIONS AND
SOLUTIONS
◉When determining whether an annuity is suitable for a client, the
agent should ask about which of the following? Answer: Financial
objectives
◉What MUST the company do prior to conducting an HIV related
test? Answer: Obtain a written authorization from the proposed
insured
◉The Ohio insurance superintendent is appointed to office and has
all of the following powers and duties EXCEPT Answer: enact
legislation dealing with insurance
◉In Ohio, a life insurance policy can be backdated before the
application date for up to Answer: 3 months
◉How long must a life insurance policy be in effect before the
policyowner may use the nonforfeiture provision? Answer: 3 years
, ◉No insurer, agent, broker, solicitor, or person, in connection with
an insurance transaction shall offer or promise to buy, sell, give, or
allow the prospective insured employment, stock or special favors.
This is the definition of Answer: inducement
◉When can a policy no longer be cancelled for nonfraudulent
misstatements after its date of issue? Answer: 2 years
◉Proceeds payable under a life insurance contract to a policyowner
in anticipation of death or upon the occurrence of specified life-
threatening conditions as defined by the policy are best described
as: Answer: accelerated benefits
◉What information is NOT required to be included in advertising
material for a life policy? Answer: The agent's compensation
◉Which of the following is NOT considered advertising? Answer: An
AM Best company rating
◉After a request has been received for verification from a viatical
settlement provider, an insurance company authorized to do
business shall respond within Answer: 30 calendar days
TEST COMPLETE QUESTIONS AND
SOLUTIONS
◉When determining whether an annuity is suitable for a client, the
agent should ask about which of the following? Answer: Financial
objectives
◉What MUST the company do prior to conducting an HIV related
test? Answer: Obtain a written authorization from the proposed
insured
◉The Ohio insurance superintendent is appointed to office and has
all of the following powers and duties EXCEPT Answer: enact
legislation dealing with insurance
◉In Ohio, a life insurance policy can be backdated before the
application date for up to Answer: 3 months
◉How long must a life insurance policy be in effect before the
policyowner may use the nonforfeiture provision? Answer: 3 years
, ◉No insurer, agent, broker, solicitor, or person, in connection with
an insurance transaction shall offer or promise to buy, sell, give, or
allow the prospective insured employment, stock or special favors.
This is the definition of Answer: inducement
◉When can a policy no longer be cancelled for nonfraudulent
misstatements after its date of issue? Answer: 2 years
◉Proceeds payable under a life insurance contract to a policyowner
in anticipation of death or upon the occurrence of specified life-
threatening conditions as defined by the policy are best described
as: Answer: accelerated benefits
◉What information is NOT required to be included in advertising
material for a life policy? Answer: The agent's compensation
◉Which of the following is NOT considered advertising? Answer: An
AM Best company rating
◉After a request has been received for verification from a viatical
settlement provider, an insurance company authorized to do
business shall respond within Answer: 30 calendar days
