OH-Life-Agent-Series-11-44 Exam Dumps : OHIO Life Insurance Agent Series 11-44

Under Ohio law, the superintendent of insurance has the authority to access the books, records, and documents of insurers and their agents during examinations or investigations. Agents are required to make these records available upon the superintendent’s request.

Under Ohio regulations governing viatical settlements, insurers are required to respond to a verification of coverage request within 30 calendar days. This ensures timely processing and supports consumer protection during transactions involving the sale of life insurance policies.

According to Ohio Revised Code Section 5815.33, if an individual designates their spouse as the beneficiary of a life insurance policy and subsequently divorces, the designation of the former spouse as beneficiary is automatically revoked, unless the policy or divorce decree explicitly states otherwise. This means that, post-divorce, the former spouse is treated as if they predeceased the policyholder, and the policy's proceeds will be distributed to the contingent beneficiary or the policyholder's estate if no other beneficiary is named.