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

SectionWeightObjectives
Topic 1: Types of Life Insurance Policies12%- Whole life and permanent life
- Term life insurance
- Universal and indexed universal life
- Group and credit life insurance
Topic 2: Federal Tax Considerations12%- Tax treatment of annuities
- Taxation of life insurance proceeds
- 1035 Exchanges and rollovers
- Modified Endowment Contracts (MECs)
Topic 3: Annuities12%- Fixed and specialty annuities
- Payment options and uses
- Annuity principles and types
- Immediate vs deferred annuities
Topic 4: General Insurance Concepts12%- Agent authority and responsibilities
- Types of insurers and market conduct
- Elements of insurance contracts
- Risk management and insurable interest
Topic 5: Life Insurance Basics18%- Viatical settlements and specialized plans
- Underwriting and policy issue
- Determining coverage amounts
- Personal and business uses of life insurance
Topic 6: Policy Provisions, Options & Riders22%- Dividends, loans and withdrawals
- Beneficiary designations
- Standard policy provisions
- Nonforfeiture and settlement options
- Common policy riders
Topic 7: Insurance Regulation12%- Licensing requirements and maintenance
- State and federal insurance laws
- Continuing education requirements
- Disciplinary actions and penalties
- Resident and non-resident rules

Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions:

The settlement option that allows proceeds to remain with the Insurer and the earnings to be paid to the
beneficiary on a monthly basis is called

  • A. interest only.
  • B. fixed amount.
  • C. fixed period.
  • D. lump sum.
Answer: A

Which Is the name of the policy that combines a universal life policy with investment choices?

  • A. Interest-sensitive universal life policy.
  • B. Straight universal life policy.
  • C. Variable universal life policy.
  • D. Flexible universal life policy.
Answer: C

Kelvin is receiving tax deferred growth until retirement. In what phase would Kelvin's annuity be?

  • A. Annuity period.
  • B. Accumulation period.
  • C. Payout period.
  • D. Nonforfeiture period.
Answer: B

Making a statement that is false and maliciously critical of the financial condition of an insurer is known as

  • A. intimidation.
  • B. defamation.
  • C. misrepresentation.
  • D. coercion.
Answer: C

An agent qualified to sell variable products in Ohio must report each of the following to the superintendent of
Insurance EXCEPT

  • A. a suspension from the National Association of Securities Dealers.
  • B. a felony criminal conviction.
  • C. the sharing of commissions with another qualified agent.
  • D. the revocation of an insurance license held in another state.
Answer: C

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