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Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Life Insurance Product Knowledge | - Modified Endowment Contracts and taxation - Cash value, dividends, policy loans and surrenders - Settlement options and beneficiary provisions - Section 1035 exchanges and rollover rules - Policy provisions and types | |
| Insurance Regulation | 12% | - Reporting convictions and disciplinary actions - Continuing education requirements - Resident and nonresident rules - Renewal and nonrenewal - Temporary licenses - Licensing requirements - Assumed business names - Change of address and contact information |
Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions:
1. A single premium Immediate annuity Is MOST often used for
A) children's college expenses.
B) retirement income.
C) mortgage payments.
D) vacation expenses.
2. The proposed insured's statements on a life insurance application are considered to be
A) warranties.
B) misrepresentations.
C) representations.
D) absolute statements.
3. Generally, If a life application Is NOT prepaid, the effective date of coverage begins on the date the
A) company underwriter approves the risk.
B) policy is delivered and accepted.
C) application is signed.
D) application is postmarked and mailed to the insurer.
4. An insured has a 5-year Renewable Term Life Insurance Policy. Upon exercising the renewable privilege, the
Insured MUST
A) renew for at least 10 years.
B) convert to a whole life policy.
C) provide evidence of insurability.
D) pay an annual premium that may be higher.
5. Generally, rates charged for Insurance may NOT be
A) excessive, inadequate, or unfairly discriminatory.
B) discriminatory.
C) different for persons withdiffering risk profiles.
D) cost prohibitive.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: A |



