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Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Syllabus Topics:
| Section | Objectives |
| Topic 1: Life Insurance Concepts | - Policy provisions and riders
- 1. Beneficiaries and ownership rights
- 2. Common policy riders
- Life insurance policies
- 1. Whole life insurance
- 2. Universal life insurance
- 3. Term life insurance
|
| Topic 2: Insurance Basics | - Insurance principles and risk management
- 1. Risk classification and types of risk
- 2. Insurance contract fundamentals
|
| Topic 3: Annuities and Retirement Products | - Annuity basics
- 1. Suitability standards
- 2. Fixed vs variable annuities
|
| Topic 4: Ohio Insurance Law and Regulations | - Ethics and compliance
- 1. Fraud prevention
- 2. Unfair trade practices
- State licensing requirements
- 1. Continuing education requirements
- 2. Producer licensing rules
|
Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions:
1. As a form of level premium permanent Insurance, ordinary life Insurance accumulates a reserve that
eventually
A) results In a dividend payment to the policyowner.
B) requires mandatory cash value distributions.
C) ceases to earn interest or grow in a positive earnings direction.
D) equals the face amount of the policy.
2. Upon annuitization, which of the following will have the HIGHEST monthly payout?
A) Straight life.
B) Joint and survivor life.
C) Straight life with guaranteed payments.
D) Joint life.
3. An insured has chosen to receive the payout from her husband's life insurance policy so that she will receive
an Income for the next 10 years. At the end of that time, the entire proceeds from the policy will have been
paid out. The insured has selected which option?
A) Life income.
B) Fixed amount.
C) Fixed period.
D) Interest only.
4. Which of the following dividend options is taxable?
A) Accumulation at interest.
B) Paid up additions.
C) Return of premium.
D) 1-year term.
5. Which of the following statements BEST describes a single premium cash value policy?
A) It provides for only one premium to be paid without evidence of insurability.
B) It requires only one payment to make the policy paid up.
C) It requires the policyowner to pay one premium annually.
D) It waives one future premium if the owner becomes disabled.
Solutions:
Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: B |