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Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| General Insurance Concepts | 12% | - Types of insurers and market conduct - Risk management and insurable interest - Elements of insurance contracts - Agent authority and responsibilities |
| Insurance Regulation | 12% | - Licensing requirements and maintenance - Disciplinary actions and penalties - Resident and non-resident rules - State and federal insurance laws - Continuing education requirements |
| Policy Provisions, Options & Riders | 22% | - Beneficiary designations - Dividends, loans and withdrawals - Common policy riders - Standard policy provisions - Nonforfeiture and settlement options |
| Types of Life Insurance Policies | 12% | - Group and credit life insurance - Term life insurance - Whole life and permanent life - Universal and indexed universal life |
| Federal Tax Considerations | 12% | - 1035 Exchanges and rollovers - Modified Endowment Contracts (MECs) - Taxation of life insurance proceeds - Tax treatment of annuities |
| Life Insurance Basics | 18% | - Viatical settlements and specialized plans - Personal and business uses of life insurance - Underwriting and policy issue - Determining coverage amounts |
| Annuities | 12% | - Immediate vs deferred annuities - Payment options and uses - Annuity principles and types - Fixed and specialty annuities |
Ohio Department of Insurance OHIO Life Insurance Agent Series 11-44 Sample Questions:
Question 1
Survivorship life insurance policies are useful in estate planning because they
A. can provide money to pay taxes on assets.
B. provide funeral insurance and pre-need burial insurance.
C. redistribute the premium obligation during the early years of the policy.
D. accumulate a sum of money for retirement.
Question 2
Bettie has a $200,000 whole life policy with a $50,000 cash value. She wishes to borrow $30,000 for the
purchase of a new van. Which of the following Is TRUE In this situation?
A. Whole life policies do not have any loan provisions.
B. Loans can only be taken for hardship situations.
C. This type of loan is interest free.
D. There is no requirement that she pay back the loan.
Question 3
Under what circumstances must an agent provide his or her business records to the superintendent of
Insurance?
A. upon request of the superintendent
B. under no circumstances due to privacy consideration
C. by authorization from the National Association of Insurance Commissioners (NAIC)
D. upon request of an insured
Question 4
Falsifying the terms, benefits, advantages, or conditions of an insurance policy Is an example of which of the
following?
A. Forgery
B. Misrepresentation
C. Concealment
D. Coercion
Question 5
The type of insurance used to indemnify a firm for the loss of earnings brought about by the death or disability
of an officer or other significant employee Is
A. key person.
B. business continuation life.
C. business overhead.
D. employee welfare.
Solutions:
| Question 1 Answer: A | Question 2 Answer: D | Question 3 Answer: A | Question 4 Answer: B | Question 5 Answer: A |



