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Ohio Department of Insurance OH-Life-Agent-Series-11-44 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| 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 Regulation | 12% | - 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
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.
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
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.
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.
Correct Answer: C 🗳️
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