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Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Annuities | 12% | - Fixed and specialty annuities - Immediate vs deferred annuities - Annuity principles and types - Payment options and uses |
| Topic 2: Policy Provisions, Options & Riders | 22% | - Dividends, loans and withdrawals - Beneficiary designations - Common policy riders - Standard policy provisions - Nonforfeiture and settlement options |
| Topic 3: Types of Life Insurance Policies | 12% | - Universal and indexed universal life - Whole life and permanent life - Term life insurance - Group and credit life insurance |
| Topic 4: Life Insurance Basics | 18% | - Determining coverage amounts - Viatical settlements and specialized plans - Underwriting and policy issue - Personal and business uses of life insurance |
| Topic 5: Insurance Regulation | 12% | - Disciplinary actions and penalties - Continuing education requirements - State and federal insurance laws - Licensing requirements and maintenance - Resident and non-resident rules |
| Topic 6: General Insurance Concepts | 12% | - Agent authority and responsibilities - Types of insurers and market conduct - Elements of insurance contracts - Risk management and insurable interest |
| Topic 7: Federal Tax Considerations | 12% | - Taxation of life insurance proceeds - 1035 Exchanges and rollovers - Tax treatment of annuities - Modified Endowment Contracts (MECs) |
Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions:
1. All the following policies qualify for a 1035 Exchange EXCEPT
A) a whole life policy to another whole life policy.
B) an annuity to a whole life policy.
C) an annuity to another annuity.
D) a whole life policy to an annuity.
2. Which nonforfeiture option allows the policyowner to purchase less coverage for life?
A) Reduced Paid-Up Insurance.
B) Extended Term.
C) Settlement Value.
D) Cash Surrender Value.
3. Which activity does NOT require an Insurance agent's license?
A) soliciting
B) selling
C) underwriting
D) negotiating
4. An accelerated death benefit
A) pays only in the event of an accident resulting in death.
B) pays an additional benefit if the policyholder dies as a result of an accident.
C) pays a portion of the face amount when a policyowner Is determined to be terminally ill.
D) allows the policyowner to sell their policy to a third party.
5. When a policy owner requests a partial surrender from her Universal Life Policy she Is requesting which of the
following?
A) Decrease In the coverage amount.
B) Surrender of the policy.
C) A loan from the policy.
D) Cash withdrawal.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: D |


