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

SectionWeightObjectives
Topic 1: Life Insurance Product Knowledge- Modified Endowment Contracts and taxation
- Settlement options and beneficiary provisions
- Cash value, dividends, policy loans and surrenders
- Policy provisions and types
- Section 1035 exchanges and rollover rules
Topic 2: Insurance Regulation12%- Resident and nonresident rules
- Continuing education requirements
- Assumed business names
- Change of address and contact information
- Temporary licenses
- Licensing requirements
- Renewal and nonrenewal
- Reporting convictions and disciplinary actions

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

An agent's actions or deeds demonstrate what kind of authority?

  • A. apparent
  • B. inherent
  • C. delegated
  • D. express
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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

  • A. is eliminated from coverage.
  • B. automatically becomes the beneficiary of the life insurance policy.
  • C. must show evidence of insurability to remain covered.
  • D. may Increase the term coverage of the rider.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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. suspend the licensee s premium accounts
  • B. immediately terminate insurer appointments
  • C. impose an administrative penalty
  • D. sentence the licensee up to 30 days in jail
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

If an agent does NOT send a refund to a policyholder within an expectable time frame, the agent may

  • A. receive a deduction in commissions.
  • B. have his or her license suspended or revoked.
  • C. be charged interest on the refund amount.
  • D. be barred from seeking an appeal.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

A single premium Immediate annuity Is MOST often used for

  • A. mortgage payments.
  • B. children's college expenses.
  • C. retirement income.
  • D. vacation expenses.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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