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Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Types of Life Insurance Policies | 12% | - Group and credit life insurance - Universal and indexed universal life - Term life insurance - Whole life and permanent life |
| Policy Provisions, Options & Riders | 22% | - Beneficiary designations - Common policy riders - Standard policy provisions - Nonforfeiture and settlement options - Dividends, loans and withdrawals |
| Federal Tax Considerations | 12% | - Modified Endowment Contracts (MECs) - 1035 Exchanges and rollovers - Tax treatment of annuities - Taxation of life insurance proceeds |
| Life Insurance Basics | 18% | - Viatical settlements and specialized plans - Determining coverage amounts - Personal and business uses of life insurance - Underwriting and policy issue |
| General Insurance Concepts | 12% | - Risk management and insurable interest - Agent authority and responsibilities - Types of insurers and market conduct - Elements of insurance contracts |
| Annuities | 12% | - Fixed and specialty annuities - Payment options and uses - Annuity principles and types - Immediate vs deferred annuities |
| Insurance Regulation | 12% | - Licensing requirements and maintenance - State and federal insurance laws - Resident and non-resident rules - Disciplinary actions and penalties - Continuing education requirements |
Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions:
1. Which of the following is TRUE of a payor benefit rider?
A) Pays a monthly income to the policyowner if the insured is totally disabled.
B) Waives premiums on a Juvenile policy if the policyowner becomes totally disabled or dies.
C) Waives policy premiums if the insured becomes totally disabled.
D) Increases the value of the policy if the policyowner dies.
2. Which of the following is a characteristic of a non-admitted Insurer?
A) A non-admitted insurer is required to submit rates for approval.
B) A non-admitted insurer is not afforded protection by the guaranty fund.
C) A non-admitted insurer is required to submit forms to the Department of Insurance.
D) A non-admitted insurer is also known as a domestic insurer.
3. Generally, If a life application Is NOT prepaid, the effective date of coverage begins on the date the
A) application is signed.
B) application is postmarked and mailed to the insurer.
C) company underwriter approves the risk.
D) policy is delivered and accepted.
4. The structure of a credit life insurance policy does NOT allow for
A) conversion privileges.
B) Individual policies.
C) coverage amount to match the loan amount.
D) group policies.
5. The accumulated cash value of a whole life insurance policy becomes the
A) face amount payable upon the insured's death.
B) funds used to offset policy administration and conversion expenses.
C) amount used to purchase paid up additions to the insured's policy.
D) policy loan value upon which the insured may borrow.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: D |


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