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Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| General Insurance Concepts | 12% | - Agent authority and responsibilities - Risk management and insurable interest - Elements of insurance contracts - Types of insurers and market conduct |
| Life Insurance Basics | 18% | - Determining coverage amounts - Underwriting and policy issue - Personal and business uses of life insurance - Viatical settlements and specialized plans |
| Annuities | 12% | - Fixed and specialty annuities - Immediate vs deferred annuities - Annuity principles and types - Payment options and uses |
| Policy Provisions, Options & Riders | 22% | - Dividends, loans and withdrawals - Nonforfeiture and settlement options - Common policy riders - Beneficiary designations - Standard policy provisions |
| Federal Tax Considerations | 12% | - Modified Endowment Contracts (MECs) - Taxation of life insurance proceeds - 1035 Exchanges and rollovers - Tax treatment of annuities |
| Insurance Regulation | 12% | - Continuing education requirements - Licensing requirements and maintenance - Resident and non-resident rules - State and federal insurance laws - Disciplinary actions and penalties |
| Types of Life Insurance Policies | 12% | - Term life insurance - Whole life and permanent life - Universal and indexed universal life - Group and credit life insurance |
Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions:
1. An agent's actions or deeds demonstrate what kind of authority?
A) inherent
B) delegated
C) express
D) apparent
2. What is an Insurer's liability when it Is discovered after an Insured dies that the Insured's age on the policy was
misstated?
A) The insurer must pay a prorated amount of the policy based on the amount of insurance the insured's
premiums would have been if purchased at the correct age.
B) The insurer is not liable to pay any amount due to the insured's misstatement of age.
C) The insurer must pay the full amount as stated in the policy, as age is not considered a relevant factor.
D) The insurer must pay the full amount of the policy, minus any additional premiums the Insurance
company would have paid based on the Insured's actual age.
3. After the hearing, if the insurance superintendent has determined a licensee has committed a violation of Ohio
Insurance Laws, what can the insurance superintendent do?
A) immediately terminate insurer appointments
B) impose an administrative penalty
C) suspend the licensee s premium accounts
D) sentence the licensee up to 30 days in jail
4. Under Ohio insurance laws, what must a licensee do prior to operating under an assumed business name?
A) obtain approval from the insurer
B) notify the superintendent
C) notify all prospective insureds
D) notify the National Association of Insurance Commissioners
5. Making a statement that is false and maliciously critical of the financial condition of an insurer is known as
A) coercion.
B) misrepresentation.
C) defamation.
D) intimidation.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: B |


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