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Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Insurance Regulation | 12% | - Resident and non-resident rules - Disciplinary actions and penalties - Licensing requirements and maintenance - Continuing education requirements - State and federal insurance laws |
| General Insurance Concepts | 12% | - Risk management and insurable interest - Elements of insurance contracts - Agent authority and responsibilities - Types of insurers and market conduct |
| Policy Provisions, Options & Riders | 22% | - Common policy riders - Beneficiary designations - Standard policy provisions - Nonforfeiture and settlement options - Dividends, loans and withdrawals |
| Types of Life Insurance Policies | 12% | - Universal and indexed universal life - Whole life and permanent life - Term life insurance - Group and credit life insurance |
| Life Insurance Basics | 18% | - Viatical settlements and specialized plans - Determining coverage amounts - Underwriting and policy issue - Personal and business uses of life insurance |
| Federal Tax Considerations | 12% | - Modified Endowment Contracts (MECs) - 1035 Exchanges and rollovers - Tax treatment of annuities - Taxation of life insurance proceeds |
| Annuities | 12% | - Immediate vs deferred annuities - Annuity principles and types - Fixed and specialty annuities - Payment options and uses |
Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions:
1. An annuitant dies during the accumulation period. What happens to the cash value in the annuity?
A) The company keeps the cash value.
B) The cash value is paid into the estate.
C) The cash value is paid to the IRS.
D) The cash value is paid to the beneficiary.
2. In reference to life Insurance in contract law, a person MOST likely will have an insurable interest in insuring
a person's life If
A) any type of business relationship exists between the insured party and the beneficiary.
B) the interest exists at the time of death.
C) the interest exists at the time of application.
D) any type of distant family relationship exists with the insured party.
3. Insurance agents have duties and responsibilities to the insured and the insurer. Which of the following
responsibilities does an agent owe the insured during the policy year?
A) Help the insured file and follow up on claims.
B) Work with rating bureaus to establish insurer ratings.
C) Notify the insurance department when claims are paid.
D) Pay the insured's premiums if they are unable to do so.
4. Under what circumstances must an agent provide his or her business records to the superintendent of
Insurance?
A) by authorization from the National Association of Insurance Commissioners (NAIC)
B) upon request of an insured
C) under no circumstances due to privacy consideration
D) upon request of the superintendent
5. Bettie has a $200,000 whole life policy with a $50,000 cash value. She wishes to borrow $30,000 for the
purchase of a new van. Which of the following Is TRUE In this situation?
A) Loans can only be taken for hardship situations.
B) There is no requirement that she pay back the loan.
C) Whole life policies do not have any loan provisions.
D) This type of loan is interest free.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: B |






