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Ohio Insurance Exam Revised. All of these are valid options for an Adjustable Life Policy Except? - CORRECT ANSWER a nonforfeiture option can be used to increase the death benefit Which disability policy provision would address any concerns of the value of the benefits decreasing over time? - CORRECT ANSWER Cost of living benefit Every admitted insurance company in Ohio must have their financial affairs examined by the superintendent at least every___ years? - CORRECT ANSWER 3 The...

Ohio Life insurance Exam New Version. A life insurance company has transferred some of its risk to another insure. The insurer assuming the risk is called - CORRECT ANSWER all of the following are examples of business continuation plan except - CORRECT ANSWER Deffered Compensation All of these are valid options for an Adjustable Life Policy EXCEPT The policy's premium can be increased or decreased The policy's death benefit can be increased or decreased A nonforfeiture op...

Ohio Knowledge Test Questions Well Answered. You must use you headlights whenever you can't see objects ____ feet ahead clearly - CORRECT ANSWER 1000 FT In Ohio, it is illegal to make a left turn at a red light EXCEPT... - CORRECT ANSWER From a one-way street onto another one-way street While getting onto an expressway, you reach the end of the on-ramp. At this point, you should be traveling... - CORRECT ANSWER as close as possible to the speed of traffic When you are closely fo...

Ohio Real Estate Exam Practice Questions Revised. May a consumer who has been harmed by a licensee acting under her license as a real estate salesperson or broker immediately file a claim for payment from the Real Estate Recovery Fund? - CORRECT ANSWER CORRECT ANSWER: No, the consumer must file a lawsuit, get a final judgment, and attempt to collect A listing agreement in which the agent may possibly be in competition with the client to see who can sell the house first is an exclusive - CO...

Practice Exam- Ohio Life Only Latest Update. Which annuity payout option allows the policyowner to choose a pre-determined number of benefit payments? - CORRECT ANSWER Period certain What happens when an insurance policy is backdated? - CORRECT ANSWER The policy's probation period is earlier than the present What is an insurer required to do when faced with an error made under the Misstatement of Age provision? - CORRECT ANSWER Pay age-corrected benefits An insurer will accept a p...