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Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| General Insurance Concepts | 12% | - Risk management and insurable interest - Types of insurers and market conduct - Agent authority and responsibilities - Elements of insurance contracts |
| Federal Tax Considerations | 12% | - Modified Endowment Contracts (MECs) - 1035 Exchanges and rollovers - Taxation of life insurance proceeds - Tax treatment of annuities |
| Annuities | 12% | - Payment options and uses - Fixed and specialty annuities - Annuity principles and types - Immediate vs deferred annuities |
| Insurance Regulation | 12% | - Disciplinary actions and penalties - State and federal insurance laws - Licensing requirements and maintenance - Resident and non-resident rules - Continuing education requirements |
| Life Insurance Basics | 18% | - Underwriting and policy issue - Viatical settlements and specialized plans - Personal and business uses of life insurance - Determining coverage amounts |
| Policy Provisions, Options & Riders | 22% | - Beneficiary designations - Nonforfeiture and settlement options - Common policy riders - Standard policy provisions - Dividends, loans and withdrawals |
| Types of Life Insurance Policies | 12% | - Term life insurance - Whole life and permanent life - Group and credit life insurance - Universal and indexed universal life |
Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions:
1. Which of the following retirementplans will allow for a nonworking spouse to set up a separate account and
make contributions based on the working spouse's Income?
A) SEP IRA
B) IRA
C) 401(k)
D) SIMPLE IRA
2. Which of the following statements BEST describes a single premium cash value policy?
A) It requires only one payment to make the policy paid up.
B) It waives one future premium if the owner becomes disabled.
C) It requires the policyowner to pay one premium annually.
D) It provides for only one premium to be paid without evidence of insurability.
3. Which of the following statements is TRUE regarding a waiver of premium rider?
A) The insured will automatically become eligible for accelerated death benefits.
B) The policy's cash value will continue to grow, but at a slower rate because the insured is no longer
paying premiums.
C) The death benefit will be reduced by the amount of the unpaid premiums.
D) There will be no change in the policy other than the insured no longer has to pay the premiums on the
policy.
4. Extended term Insurance can be selected under which whole life policy provision?
A) cash value
B) settlement
C) nonforfeiture
D) interest-only
5. The purpose of insurance Is to
A) avoid risk.
B) increase risk.
C) transfer risk.
D) reduce risk.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: C |






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