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Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Syllabus Topics:

SectionWeightObjectives
General Insurance Concepts12%- Risk management and insurable interest
- Elements of insurance contracts
- Types of insurers and market conduct
- Agent authority and responsibilities
Policy Provisions, Options & Riders22%- Common policy riders
- Nonforfeiture and settlement options
- Beneficiary designations
- Standard policy provisions
- Dividends, loans and withdrawals
Life Insurance Basics18%- Underwriting and policy issue
- Viatical settlements and specialized plans
- Personal and business uses of life insurance
- Determining coverage amounts
Insurance Regulation12%- Continuing education requirements
- State and federal insurance laws
- Resident and non-resident rules
- Disciplinary actions and penalties
- Licensing requirements and maintenance
Annuities12%- Immediate vs deferred annuities
- Annuity principles and types
- Fixed and specialty annuities
- Payment options and uses
Types of Life Insurance Policies12%- Whole life and permanent life
- Term life insurance
- Group and credit life insurance
- Universal and indexed universal life
Federal Tax Considerations12%- Tax treatment of annuities
- 1035 Exchanges and rollovers
- Taxation of life insurance proceeds
- 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 an annuity.
B) an annuity to another annuity.
C) a whole life policy to another whole life policy.
D) an annuity to a whole life policy.


2. Under the children's term rider, what occurs when a child reaches the specified age? He or she

A) must show evidence of insurability to remain covered.
B) may Increase the term coverage of the rider.
C) is eliminated from coverage.
D) automatically becomes the beneficiary of the life insurance policy.


3. Which of the following dividend options is taxable?

A) Paid up additions.
B) Accumulation at interest.
C) Return of premium.
D) 1-year term.


4. The structure of a credit life insurance policy does NOT allow for

A) Individual policies.
B) group policies.
C) coverage amount to match the loan amount.
D) conversion privileges.


5. The most common use of a group life insurance policy is to insure

A) retirees.
B) members of a family.
C) company employees.
D) association members.


Solutions:

Question # 1
Answer: D
Question # 2
Answer: A
Question # 3
Answer: B
Question # 4
Answer: D
Question # 5
Answer: C

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