Ohio Department of Insurance Updated OH-Life-Agent-Series-11-44 Exam Questions and Answers by roy

The insurer is not liable to pay any amount due to the insured's misstatement of age.

The insurer must pay the full amount of the policy, minus any additional premiums the Insurance company would have paid based on the Insured's actual age.

The insurer must pay a prorated amount of the policy based on the amount of insurance the insured's premiums would have been if purchased at the correct age.

The insurer must pay the full amount as stated in the policy, as age is not considered a relevant factor.

the interest exists at the time of death.

the interest exists at the time of application.

any type of distant family relationship exists with the insured party.

any type of business relationship exists between the insured party and the beneficiary.

be reduced by the amount of the loan and interest owed.

not be paid until the loan is repaid.

be paid less the amount of the loan but not the interest.

be paid less the amount of the loan interest but not the principal.

an exposure.

a hazard.

a peril.

a risk.