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Ohio Life Insurance Exam Correct 100%
- Exam (elaborations) • 5 pages • 2024
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To qualify for appointment of agent - ANSWER 18 YOA, US citizenship not required, no minimum residency 
 
Original certificate good for.... - ANSWER 180 days 
 
Renewal for license - ANSWER beinnially on birth month, $5 fee 
 
Types of risk - ANSWER Pure risk - covered by insurance 
Speculative risk - not covered (gambling) 
 
How to handle risk - ANSWER avoid it 
retain it - self insurance 
reduce it 
share it 
transfer it - buy insurance, spreads risk to large group 
 
Mortality Rate - ANSWER...
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ohio life/health insurance study guide Accurate 100%
- Exam (elaborations) • 12 pages • 2024
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Which statement best describes the tax responsibilities under a Business Overhead policy? - ANSWER Premiums are deductible, benefits are taxed 
 
In which type of insurance company may stockholders share in the profits and losses of the insurer? - ANSWER Stock 
 
In which company may policy owners receive policy dividends when there is a profit? - ANSWER mutual 
 
The law of large numbers states that - ANSWER Predictions become more accurate as the number of units being considered increases 
 
P...
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Ohio Health and life insurance exam| 150 Questions| Correct 100%
- Exam (elaborations) • 11 pages • 2024
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The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called - ANSWER cancelable 
 
Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Which of these statements is true? 
 The policy automatically converts to whole life after the 10-year period - ANSWER The face amount and premium will remain constant over the 10 year period 
 
Which of the following provides Medicare su...
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Life and Health Insurance - Ohio Licensing Exam Correct 100%
- Exam (elaborations) • 22 pages • 2024
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Absolute Assignment - ANSWER The assignment by the policy owner of all control and rights to a third party. This differs from collateral assignment, which allows all the rights and control to revert to the owner once a loan is paid off 
 
Accident - ANSWER A fortuitous event; unforeseen and unintended 
 
Accidental Death Insurance - ANSWER A form of health insurance that provides payment if death of the insured results from accident. Accidental death insurance is often combined with dismembermen...
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Ohio Health and life insurance exam with verified Answers
- Exam (elaborations) • 11 pages • 2024
- Available in package deal
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The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called - cancelable 
 
Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Which of these statements is true? 
 The policy automatically converts to whole life after the 10-year period - The face amount and premium will remain constant over the 10 year period 
 
Which of the following provides Medicare supplement polic...
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Ohio Health and Life Insurance Exam | 150 Questions with 100% Correct Answers | Verified | Latest Update 2024
- Exam (elaborations) • 14 pages • 2024
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- $12.49
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The type of policy where the insurer can send a notice to the insured that the policy has been cancelled 
in the middle of the term is called - cancelable 
Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Which of 
these statements is true? 
The policy automatically converts to whole life after the 10-year period - The face amount and 
premium will remain constant over the 10 year period 
Which of the following provides Medicare supplement policie...
-
Ohio Health and Life Insurance Exam | 150 Questions with 100% Correct Answers | Verified | Latest Update 2024
- Exam (elaborations) • 14 pages • 2023 Popular
-
- $15.49
- 1x sold
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The type of policy where the insurer can send a notice to the insured that the policy has been cancelled 
in the middle of the term is called - cancelable 
Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Which of 
these statements is true? 
The policy automatically converts to whole life after the 10-year period - The face amount and 
premium will remain constant over the 10 year period 
Which of the following provides Medicare supplement policie...
-
Ohio Health and life insurance exam questions perfectly answered.
- Exam (elaborations) • 10 pages • 2023
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- $13.99
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Ohio Health and life insurance exam questions perfectly answered.
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Ohio Health and life insurance exam 100% Pass
- Exam (elaborations) • 24 pages • 2023
- Available in package deal
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Ohio Health and life insurance exam 100% Pass 
The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called cancelable 
Krissa purchases a 10-year level term life insurance policy that has a death benefit of $200,000. Which of these statements is true? The policy automatically converts to whole life after the 10-year period The face amount and premium will remain constant over the 10 year period 
Which of the followi...
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