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Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Insurance Regulation | 12% | - Continuing education requirements - State and federal insurance laws - Licensing requirements and maintenance - Disciplinary actions and penalties - Resident and non-resident rules |
| Types of Life Insurance Policies | 12% | - Universal and indexed universal life - Group and credit life insurance - Whole life and permanent life - Term life insurance |
| Federal Tax Considerations | 12% | - Modified Endowment Contracts (MECs) - Tax treatment of annuities - 1035 Exchanges and rollovers - Taxation of life insurance proceeds |
| General Insurance Concepts | 12% | - Elements of insurance contracts - Agent authority and responsibilities - Types of insurers and market conduct - Risk management and insurable interest |
| Life Insurance Basics | 18% | - Personal and business uses of life insurance - Determining coverage amounts - Viatical settlements and specialized plans - Underwriting and policy issue |
| Policy Provisions, Options & Riders | 22% | - Dividends, loans and withdrawals - Beneficiary designations - Nonforfeiture and settlement options - Common policy riders - Standard policy provisions |
| Annuities | 12% | - Annuity principles and types - Immediate vs deferred annuities - Fixed and specialty annuities - Payment options and uses |
Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions:
The proposed insured's statements on a life insurance application are considered to be
- A. misrepresentations.
- B. representations.
- C. absolute statements.
- D. warranties.
Correct Answer: B 🗳️
At what age can an Individual begin to receive distributions from an IRA without a tax penalty?
- A. 63 1/2 years.
- B. 65 1/2 years.
- C. 59 1/2 years.
- D. 55 1/2 years.
Correct Answer: C 🗳️
Which of the following dividend options is taxable?
- A. 1-year term.
- B. Return of premium.
- C. Accumulation at interest.
- D. Paid up additions.
Correct Answer: C 🗳️
In which of the following fixed annuity features Is the surrender value tied to Interest rates?
- A. fixed value rates
- B. market value adjustments
- C. interest sensitive trigger
- D. variable sub accounts
Correct Answer: B 🗳️
A policyowner may choose to have his/her life insurance policy dividends do all of the following EXCEPT
- A. accumulate without interest.
- B. purchase additional insurance protection.
- C. reduce the policy premium.
- D. be paid to the policyowner in cash.
Correct Answer: A 🗳️
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