Ohio series 11-35 exam Questions and Answers Latest 2024

A provision that allows a policy owner to withdraw a policy's cash value interest free is - CORRECT ANSWER-Partial surrender Kurt is an active duty serviceman who was recently killed in an accident while home on leave. Which military service exclusion clause would pay upon his death? - CORRECT ANSWER-Results The "results clause" states the insurer is excused from paying the amount only if the death is a result of war. Who were Keogh plans designed to provide pension benefits for? - CORRECT ANSWER-The self-employed Which of these is NOT a qualifying event for Medicare - CORRECT ANSWER-Falling below the federal poverty line. Ted has a health insurance plan that requires him to pay a specific sum out of pocket before any benefits are paid in a calendar year. Which of these does his health plan have? - CORRECT ANSWER-Calendar year deductible Maria is a Preferred Provider Organization (PPO) subscriber and received care from an out-of-network provider. Which of the following is the likely result? - CORRECT ANSWER-Care is covered An example of a tax qualified retirement plan would be a - CORRECT ANSWER-Defined contribution plan In an insurance contract, the element that shows each party is giving something of value is called - CORRECT ANSWER-consideration A life insurance company has transferred some of its risks to another reinsure - CORRECT ANSWER-Reinsurer In contrast to a guaranteed renewable policy, a noncancellable policy - CORRECT ANSWER-May