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Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: General Insurance Concepts | 12% | - Types of insurers and market conduct - Risk management and insurable interest - Elements of insurance contracts - Agent authority and responsibilities |
| Topic 2: Life Insurance Basics | 18% | - Underwriting and policy issue - Determining coverage amounts - Personal and business uses of life insurance - Viatical settlements and specialized plans |
| Topic 3: Insurance Regulation | 12% | - Resident and non-resident rules - Continuing education requirements - State and federal insurance laws - Disciplinary actions and penalties - Licensing requirements and maintenance |
| Topic 4: Types of Life Insurance Policies | 12% | - Group and credit life insurance - Whole life and permanent life - Term life insurance - Universal and indexed universal life |
| Topic 5: Annuities | 12% | - Immediate vs deferred annuities - Fixed and specialty annuities - Annuity principles and types - Payment options and uses |
| Topic 6: Federal Tax Considerations | 12% | - Taxation of life insurance proceeds - Modified Endowment Contracts (MECs) - Tax treatment of annuities - 1035 Exchanges and rollovers |
| Topic 7: Policy Provisions, Options & Riders | 22% | - Nonforfeiture and settlement options - Standard policy provisions - Beneficiary designations - Common policy riders - Dividends, loans and withdrawals |
Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions:
1. A policyowner may choose to have his/her life insurance policy dividends do all of the following EXCEPT
A) purchase additional insurance protection.
B) be paid to the policyowner in cash.
C) reduce the policy premium.
D) accumulate without interest.
2. Which of the following statements BEST describes a single premium cash value policy?
A) It requires the policyowner to pay one premium annually.
B) It provides for only one premium to be paid without evidence of insurability.
C) It waives one future premium if the owner becomes disabled.
D) It requires only one payment to make the policy paid up.
3. An insured owns a whole life insurance policy on himself. He would also like coverage for his minor son
and/or daughter. One way the Insured can accomplish this goal Is to purchase a
A) child term rider.
B) famitp maintenance rider.
C) family income rider.
D) guaranteed insurability rider.
4. Insurers do business in Ohio only after a thorough financial review. Most insurance policies written in Ohio
are protected by the Guaranty Association established to protect policy owners In the event an admitted
company
A) merges with a foreign insurer.
B) depletes its loss reserves.
C) becomes financially insolvent.
D) cannot meet it's capital surplus requirements.
5. In which of the following fixed annuity features Is the surrender value tied to Interest rates?
A) fixed value rates
B) interest sensitive trigger
C) variable sub accounts
D) market value adjustments
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: D |


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